US Senator Who Serves On Finance Committee Profits From Betting Against The Stock Market — And He Just Bet The Same Again
Portfolio Pulse from Chris Katje
US Senator Thomas Carper, a member of the Senate Finance Committee, has continued his trend of betting against the stock market. He recently sold his positions in the ProShares Short QQQ ETF (NYSE:PSQ) and purchased up to $45,000 in AdvisorShares Ranger Equity Bear ETF (NYSE:HDGE). This move has raised concerns as Carper could have access to insider information due to his position on the Senate Finance Committee.
November 06, 2023 | 5:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Senator Carper has purchased up to $45,000 in AdvisorShares Ranger Equity Bear ETF (HDGE), indicating a bearish outlook on the market.
Senator Carper's purchase of HDGE indicates a bearish outlook on the market. Given his position on the Senate Finance Committee, this could suggest he has information suggesting a potential market downturn.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Senator Carper sold his positions in the ProShares Short QQQ ETF (PSQ), indicating a potential shift in his investment strategy.
Senator Carper's sale of his PSQ positions could indicate a shift in his investment strategy. However, it's unclear what this might mean for the ETF's performance without more information.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100