Pelosi Files New Trades + Fed's Housing Dilemma

We’ve continued to see many interesting developments within the alternative data we scrape and publish. Here’s a snapshot of what we saw in some of our datasets last week:

LAST WEEK’S CONGRESSIONAL TRADES 

Insights from our Congress Trading Dashboard

• Representative Nancy Pelosi filed two purchases of Palo Alto Networks (PANW), just after making massive returns on her infamous Nvidia (NVDA) positions last week. Interesting, Pelosi is not the only member of Congress who has recently been buying into PANW, as 7 members have made purchases over the last 6 months.

• Representative Shri Thanedar filed sales of 15 securities including multiple cryptocurrencies, and tech giants Apple (AAPL), Google (GOOGL), and Microsoft (MSFT). 

• Representative Steve Cohen filed two bond purchases. Cohen has a trade volume of almost $4 million.

To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard. 

PATENT FILINGS

Insights from our Patent Dashboard.

Our patent search dataset allows you to search via ticker or keywords to return a list of related recently filed patents. It is a powerful tool for tracking where different companies are investing in innovation, and who could stand to benefit from market sentiment towards different areas of R&D.

Below, you can see recently filed patents for the keywords “artificial intelligence”. This search found recently filed patents from Microsoft (MSFT), International Business Machines Corporation (IBM), Bank of America (BAC), and more. The associated patent title gives insight into what the patent was filed on. 

Check out the dashboard for a full breakdown. 

PELOSI PREMIUM STRATEGY

Insights from Quiver Strategies 

With the recent headlines around Pelosi’s trading, including her purchases of Nvidia and Palo Alt Networks, we have been keeping a close eye on the performance of our Nancy Pelosi Strategy.

This strategy attempts to mirror the portfolio of common stock for Nancy Pelosi (and her family), which is rebalanced when new trades or annual reports are reported. This strategy can be copy-traded or analyzed as part of your due diligence. 

Over the last year, this strategy has returned 46.61%, beating the market handily. You can try out features like this for yourself with Quiver Premium. 

FED'S HOUSING INFLATION DILEMMA: SUPPLY SHORTAGES LOOM

Insights from the Quiver News Feed

The U.S. Federal Reserve's confidence in cooling housing inflation may be facing a significant challenge in the near future. While Fed officials anticipate a decrease in housing inflation, a crucial factor in their overall strategy to control price increases, the real test lies ahead. The looming issue is the drying up of new apartment supplies coupled with a persistent shortage of single-family homes, potentially leading to renewed price pressures in a sector that accounts for about a third of the Consumer Price Index.

Despite the Fed's 2% inflation target focusing on an index less sensitive to shelter costs, housing and rent dynamics remain a pivotal, yet unresolved, aspect of their inflation battle. The Fed faces a delicate balance: finding a rate setting that checks overall demand without stifling the supply of new homes and apartments. Jay Lybik from CoStar highlights the complexities involved, noting the sharp decline in new apartment unit volumes expected next year. This scenario paints a picture of heightened housing affordability concerns, which have already intensified during the pandemic with median home prices jumping 50%.

Continued on our News Feed.