Politicians Filed Q3 Trades amid the Great Debasement Trade

Q3 congressional trading data reveals clustering in hard assets and commodities. Plus, we've added analyst consensus picks to help you copytrade them.

Author

David Love
October 21, 2025

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In today’s edition:

POLITICS
Congress Trades & News

Insights from our Congress Trading Dashboard

Several politicians & members of Congress have already made millions of dollars in the stock market in 2025:

Congress returned to Washington facing a stubborn government shutdown, which has now stretched into its fourth week with no deal in sight. The shutdown is beginning to impact thousands of federal workers, and the pressure is mounting for leaders to return to the table.

With federal agencies stalled by the shutdown and the Middle East momentarily quieted by new diplomacy, lawmakers are bracing for policy and market surprises heading into the final stretch of October.

In other news we have some Congress trades to cover this week:

  • Back in June we reported that Rep. Lisa McClain (R) purchased up to $15K of Ciena stock, while sitting on the House Armed Services Subcommittee on Cyber, IT, and Innovation. In just 4 months (CIEN) stock has risen (+132%) vs an S&P 500 (+10%).

  • 2 months ago we flagged Rep. Debbie Schultz’ (D) new purchases of Stratasys. This stock had a market cap of $800M + a history of working with the US Government. Schultz is the Chair of Military Construction Subcommittee. (SSYS) was up +13% yesterday and is now up (+35%) since the purchase vs an S&P 500 (+4.33%)

  • Rep. Josh Gottheimer (D) disclosed 10 new trades on 10/15. One of them caught our eye: A purchase of Commvault Systems stock. (CVLT) is a data security company & Gotheimer sits on the House Select Committee on Intelligence.

    • Sold up to $15K of (BWIN). The Baldwin Insurance Group is down (-23%) vs an S&P 500 flat (+0.92%) since the trade.

    • Sold The Trade Desk, up to $15K worth of stock. (TTD) is up (+16%) vs an S&P 500 (+2%) since the trade.

    • Also purchased (IRT), (NTRA), (SSMXY), (TNDM) and more. Full list up on Quiver.

Fundraising:
We've received Q3 fundraising data for members of Congress. Here's who's fundraised the most & the % of individual donors contributions:

🔴Mike Johnson: $13.8M (93% from individual donors)
🔵Raja Krishnamoorthi: $12.2M (23%)
🔵Jon Ossoff: $12.1M (87%)
🔴Tom Emmer: $5.7M (79%)
🔴Steve Scalise: $5.6M (78%)
🔵AOC: $4.5M (98%)
🔴Jon Husted: $3.6M (38%)
🔵Hakeem Jeffries: $3.5M (85%)

DATA ROUNDUP
Introducing New Analyst Ratings Dashboard

Quiver’s Analyst Ratings dataset tracks the historical performance of Wall Street research analysts, based on the success rate of their past bullish/bearish stock predictions (based on their forecasts and price targets). Data is sourced from Benzinga's Analyst Stock Ratings dataset.

See all of the latest stock ratings from any analyst, including bullish/bearish predictions, price targets, and average success rates.

Analyst Buys Strategy (+17%)
The Analyst Buys Strategy gained +17% over the past year investors piled back into big tech. Currently concentrated in tech and financial leaders like Salesforce, Broadcom (AVGO), Adobe (ADBE), Qualcomm (QCOM), Nvidia (NVDA), and JP Morgan (JPM). Over the last month, Broadcom and Nvidia have delivered standout gains of +133% and +305% since entry, while Microsoft (MSFT) and Oracle (ORCL) both cleared 95% returns, showcasing the model’s ability to lean into top analyst conviction in large-cap momentum.

Recent volatility hit Adobe and Honeywell, but the overall strategy remains resilient, capturing analyst upgrades in chipmakers, cloud, and banking names. Equal weighting across the top 10 picks ensures that outsized runs in names like Nvidia and Microsoft offset single-stock drawdowns, keeping the total portfolio well ahead of broad market benchmarks.

Insights from our Quiver Strategies

NEWS
Debasement Trade Roils Financial Markets

Beneath the surface of daily market swings, investors are increasingly positioning for what they call the “debasement trade,” a shift driven by mounting government deficits and the perceived erosion of sovereign debt as a store of value. Precious metals and cryptocurrencies have surged this year as investors search for protection from runaway fiscal expansion and political turmoil, upending long-held assumptions about the durability of currencies and bonds as the foundation of global finance.

Recent turmoil in global markets has accelerated the debate. Japan’s yen and bonds slumped as stimulus-friendly politician Sanae Takaichi gained momentum, while France’s political paralysis rattled the euro and Britain’s gilt market remained uneasy ahead of a contentious budget. Meanwhile, U.S. fiscal policy under Donald Trump has added to investor anxiety, with tax cuts widening deficits and fresh tariffs threatening to destabilize global trade, further undermining Treasuries’ traditional status as the world’s premier safe-haven asset.

Market Overview:

  • Gold has surged more than 50% this year, surpassing $4,000 per ounce

  • Bitcoin remains up over 20% despite volatility tied to tariff threats

  • Global bond and currency markets face pressure from deficits and politics

Key Points:

  • Investors are shifting from sovereign debt to alternative stores of value

  • Central banks are boosting gold reserves amid sanctions risk

  • Trump’s fiscal and trade policies add uncertainty to U.S. Treasuries