Congressional Leaders' Stock Market Advantage

Congressional leaders may have a significant advantage in the stock market, with some outperforming other lawmakers by up to forty-seven percent annually. This finding, from a study by Shang-Jin Wei and Yifan Zhou, suggests that leaders ability to influence the legislative agenda and gain advanced knowledge of policy changes contributes to their stock market success. The research also indicates that leaders may have privileged access to company information and actively shape policy for financial gain. This has led to calls for a complete ban on stock trading for members of Congress and their families.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.