Trump Questions Pelosi’s Stock Market Success
In a recent statement, President Donald Trump suggested that former House Speaker Nancy Pelosi’s notable success in the stock market was due to “inside information,” hinting at the advantages from her husband’s skills rather than the prowess of hedge funds.
Trump’s comments included a critical remark about Pelosi and her husband: “The crooked Nancy Pelosi and her very ‘interesting’ husband defeated all hedge funds in 2024. In other words, these two very average ‘minds’ beat all the super geniuses on Wall Street,” he posted on Truth Social.
He also referenced her earlier attempts at critiquing him, saying, “She made me each twice, unfounded, lost, how’s your mood, Nancy?”
Regarding Paul Pelosi, Nancy’s husband, Trump pointed out that Paul achieved a 54% return on investments in 2024, significantly outperforming the S&P 500, which saw a 25% gain, and outshining many hedge funds.
This profited investment raised questions, particularly since Paul sold $2.2 million worth of Microsoft shares months before the company faced an antitrust inquiry by the Federal Trade Commission.
In response to allegations of insider trading, Pelosi’s spokesman Ian Krager stated that she does not own stock and was not involved in the transaction. Last month, the former House Speaker emphasized that she has no ties to the trade.
Reports suggest their net worth reached approximately $413 million in 2024. However, there’s some ambiguity surrounding these figures, as lawmakers are not required to disclose their net worth.
In parallel, GOP Senator Josh Hawley from Missouri recently first highlighted measures to restrict stock trading by top federal officials and their spouses. This legislation, called the Securities and Investments (Pelosi) Act, is on its way to the Senate floor for further discussion.
Trump initially opposed this bill, branding Hawley as a “second-tier senator,” arguing that “real Republicans don’t want to meet unprecedented success because of the whims of a second senator named Josh Hawley.” Supposedly, Hawley assuaged Trump by clarifying that the bill wouldn’t affect the president until his term concludes.
The bill seems likely to gain momentum once the Senate reconvenes following next month’s break.
