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Daily Missive

Washington’s Last Scandal Exposed

Loading ...Addison Wiggin

February 28, 2025 • 3 minute, 2 second read


Congressional trading

Washington’s Last Scandal Exposed

“You can’t get rich in politics unless you’re a crook.”

– Harry Truman


 

February 28, 2025— Chris Josephs didn’t set out to expose one of the most lucrative investment strategies in America. He just wanted to make money. And, as it turns out, the best traders in the country aren’t sitting on Wall Street — they’re walking the halls of Congress.

Josephs, 29, co-founded an app that allows users to track the stock trades of U.S. lawmakers. He was recently on Tucker Carlson’s podcast, detailing how he arrived at his “if you can’t beat ‘em, join ‘em” approach: Instead of lamenting the legalized corruption of congressional stock trading, he decided to profit from it.

According to Josephs, Nancy Pelosi alone has outperformed the S&P 500 by 50% since 2021. If that sounds outrageous, consider this: The lawmakers who write and regulate the rules of our economy are somehow, miraculously, also its most consistently successful investors.

Pelosi, for her part, has been quite clear. “It’s a free market,” she says. But that definition of “free” seems to apply exclusively to her stock portfolio — not, say, to the businesses subject to the regulations she helps craft. Because when Congress controls the money spigot, principles of fiscal restraint have a funny way of vanishing.

Tucker Carlson pointed out something even more fundamental: The money Congress throws around doesn’t come from some magical, self-replenishing pot. It comes from taxpayers. Or, failing that, from debt — piled high and financed by tomorrow’s taxpayers. So when members of Congress personally profit from deciding where those dollars go, the idea that they’re objective legislators goes right out the window.

Let’s not sugarcoat it. This is corruption. And if Congress were truly interested in stopping it, they could pass a law requiring all lawmakers to move their assets into blind trusts or limit their holdings to index funds and U.S. bonds. But don’t hold your breath.

The odds of meaningful reform are about the same as the odds of Congress imposing term limits on itself. Or the full, unredacted Jeffrey Epstein files being made public. In other words, it’s not happening.

So, what’s the takeaway? You could shake your fist at the system. Or, like Josephs, you could recognize reality and use it to your advantage.

The Nancy Pelosi Stock Tracker isn’t just about watching corruption unfold in real-time. It’s about identifying where the big money is flowing, which industries Congress is quietly betting on, and which companies are about to benefit. If you’re an investor, that’s information you can’t afford to ignore.


Addison Wiggin,
Grey Swan

P.S. To benefit yourself, what you need is an accurate source of information Congress is trading on. It’s going to be even more important as Musk and DOGE continue to romp around the deep state.

We’ve got a man with his finger on the pulse of Washington scuttlebutt.

The Wall Street Journal says Andrew Zatlin is “knocking it out of the park,” and Bloomberg has ranked his forecasting as #1 in their terminal many times over.

The Washington Post said during the Biden administration, Zatlin’s forecasts predicted economic data more accurately than the government’s own institutions…

Anticipating President Trump’s State of the Union address on March 4, 2025, Zatlin has identified three stocks he believes will directly benefit from the information flowing around the Capitol’s marbled halls.

Yesterday, we previewed Zatlin’s proprietary political trading tracker. If you missed it, we arranged for a replay, right here.

Please send your comments to addison@greyswanfraternity.com. Thank you in advance.


Gold’s $4,000 Moment

October 8, 2025 • Addison Wiggin

There’s something about big, round numbers that draws investors like moths to a flame.

In the stock market, every 1,000 points in the Dow or 100 points in the S&P 500 tends to act like a magnet.

Now, after consolidating for five months, gold has broken higher to $4,000.

Gold’s $4,000 Moment
The 45% Club

October 8, 2025 • Addison Wiggin

AI stocks are running hot. They’re not the only game in town… but they’re about half of it.

JPMorgan just reviewed all of the 500 companies in the S&P 500. A full 41 of them are AI-related. While that’s less than 10% of the index by total, it is over 45% of the index by market cap.

The 45% Club
George Gilder: Morgan Stanley’s Memory Problem

October 7, 2025 • Addison Wiggin

Overspending during periods of rising ASPs is self-destructive. For most products, today’s ASP increases result less from natural demand pull and more from supplier-enforced discipline. If memory makers treat them as justification for a capex binge, they will repeat past mistakes and trigger another collapse.

The $50 billion bull case for WFE in 2026 rests on a faulty assumption. Lam and AMAT may benefit from selective investments, but the cycle-defining upturn Morgan Stanley describes is unlikely.

Investors should temper expectations. If history repeats — and memory markets have a way of doing so — the companies that preserve pricing power will outperform, while equipment suppliers may find that the promised order boom never fully materializes.

George Gilder: Morgan Stanley’s Memory Problem
Europe’s Increasing Irrelevancy

October 7, 2025 • Addison Wiggin

Europe’s GDP has flatlined over the past 15 years, against a doubling in GDP for the U.S. and even bigger GDP gains in China.

While the U.S. leads the world in AI spending, and China leads in technology like drones, what does Europe lead the world in? Regulation.

They spend more time penalizing U.S. tech firms for regulatory violations than encouraging their own tech ecosystem.

Europe’s Increasing Irrelevancy