investigating the presidents stock trades

I investigated the president's trading record so you don't have to.Recently he released a filing that shows the stock trades that were made.On his behalf, I should say immediately that the president denies exclusively doing these trades.They say these are all done through fully discretionary accounts independently managed by third -party financial institutions with sole and exclusive authority over all investment decisions.Neither President Trump, his family, nor the Trump Organization plays any role in selecting, directing, or approving specific investments.Now, do we believe that?

I mean, I don't know.I don't think he's personally directing all the investments.But what's strange is it rhymes with the Nancy Pelosi defense.Everyone knows Nancy Pelosi is a famously good stock trader or specifically her husband is.And that's the whole excuse.She says, you know, she's not into stock trading, even though, you know, she has all sorts of insider information through her role as former Speaker of the House as a Congresswoman.

So people have been suspicious of her for years.And what makes this an ironic video is that this is something that Trump actually picked up on and kind of called her out for.

corruptly profit from using insider information.

Now it's funny as you can see all the people from Congress standing up for that but it's like wait wait aren't we calling out some of you in the room?Now this is a line that they say every single time we need to stop insider trading we got to stop people from corruptly profiting on insider information and then we get a big fat nothing.Every time everyone, you know, there's a lot of vocal support, you know, in theory, and then nothing ever happens.Nobody ever gets stopped from doing this.But Nancy Pelosi is specifically singled out here as sort of the worst offender in Congress for these insider trading allegations.

Did Nancy Pelosi stand up if she was here?Doubt it.

We got it.has dunked on Nancy Pelosi forever myself included and rightfully so okay She's one of the best traders of all time.In fact, there's even Twitter accounts.You can go follow called Nancy Pelosi stock tracker where they follow the specific trades of her husband and you can basically participate in the insider trading allegations once they're disclosed which is a little bit late anyways.But that same account interestingly has recently taken over to talking about these new filings that Trump had to do with relation to what he has been purchasing because there has been a super unusual pattern of not only a lot of trading of various stocks but also like Trump has gotten into shilling specific stocks sometimes even with ticker symbols and the Financial Times specifically did this incredible chart where they showed that, you know, the amount of trades has just exploded recently.And this all coincides with, you know, the Iran war starting here.

You know, the activity was ticking up right before that.And all of a sudden you just have a flurry of stock trading activity where previously you hardly had any.I mean, there were not that many disclosed stock trades.So it's worth looking at some of these.Now, I will say there are just thousands of these purchases, sales.I don't know why all of a sudden this automated process or these independent institutions who are trading on the president's behalf would suddenly start trading now as opposed to like before where there was hardly any activity.

We don't know that.But I want to zoom in on some specific egregious cases where we have trades happening around the time that there just are literal endorsements by the president.Let's take the one Nancy Pelosi stock tracker highlighted specifically which is the Dell call out, because on May 8th, the president said, hey, go out and buy a Dell.

Go out and buy a Dell computer, because they don't care about that.They care about this.They make a great product.They're not looking for any publicity.I give them publicity.They say, well, thank you very much, but it's okay.

Now, this is in response to some, like, Trump account, I think, you know, contribution that Dell's had made.That was ostensibly the reason.But then you look at the trading activity, and the people who were purchasing on behalf of Trump bought Dell $5 million worth on February 10th.and then more on March 2nd more on March 11th more on March 23rd and then he endorses a little bit later and you can see what happened to the stock price this was an incredible trade ladies and gentlemen double your money in a few months I mean you kind of don't see big opportunities like that unless you're, I guess, the president.Here's another great trade.This was highlighted by Judd LeGum.

He went through some of these things.I'm going to be referencing some of his work here.So I'll link it below.But I pulled the specific trades and put it on a chart so you can see exactly where the purchases were.This is Micron Technology.and you can see here the purchases are in the green arrows and all of these purchases culminated in the president talking about Micron as an incredible company and then all of a sudden the stock goes parabolic after that.

I mean just has this incredible run right after the president's endorsement which sounds like this.left ahead of Micron.

It's one of the hottest companies.

I'll be honest.He kind of called this one like crazy.Like look at this run up right after that almost called the bottom exactly.And I guess the question is, does, does he know something here?Is it the endorsement itself that was, you know, caused it to run like that?Should we view it as advice when the president talks positively about a company to go invest in it?

I mean, these are all questions that come to mind when you see a chart like this, but not everything is so obvious.-cut, black and white, right?Where the president buys, the president talks, and then it just goes to the moon.Before you set up your Trump stock tracker account, it's worth looking at a couple examples where things don't go so well.I want to show you one of the kind of bad ones.This is Thermo Fisher.

So on March 11th, the White House announces that President Trump participates in a site visit at Thermo Fisher Scientific.This is March 11th.

Some great information about this incredible company, please.

When you go to his disclosures, turns out he had been buying Thermo Fisher prior to that, including, by the way, on March 11th.So there's a purchase on the same day as the president's actual visit.The purchase You can see there March 11th, and it was apparently for $15 ,000 to $50 ,000.The nature of these disclosures is they don't tell you exactly how much was purchased.They just give you a range.But when you line these up on the actual trading activity, this actually is a pretty bad trade.

Like this does not end up going well.That of course doesn't mean it wasn't corrupt.Just like when things go well, it doesn't necessarily mean it was corrupt.But it's worth emphasizing that like some of the time there's just money being lost here.And then now let's talk about probably I think the most egregious example, and also the funniest one.This is Palantir.

So Trump famously tweeted out, the stock ticker symbol of Palantir technologies, like PLTR, has proven to have great war fighting capabilities and equipment, just ask our enemies, President DJT.So everyone thought this was really weird.And then it gets weirder when you realize the president was a bag holder in this stock.Like he had bought high and then started selling low when the stock went down.Which is, you know, always a good move.It starts buying when it rallies, as it goes up, and then it dips way down, and this little moment is when the president, like, shills the stock market.

which I think is you know Really bad.I mean again Maybe he had no idea he was sitting on a bag of Palantir that I just dropped you know that's definitely possible But but you know the record is just pretty ugly here I would say well You know buy all -time high sell low buy more shill at the lows, and then it keeps kind of going lower I mean Really know what this says, but I don't know if it is our president I don't know that he's a great stock trader if it's a third party I think the third party is not necessarily you know a great Stock trader, you know, but this is all looks really ugly I mean, it doesn't take a genius to see you don't want to wonder whether your president is you know tweeting about something because he's pumping the bags of Stock portfolio or if he actually means something and this is the most lukewarm take I mean you noticed when the president was calling out congress everybody stood up including congress because it's just an undeniably obvious position to hold no one could possibly disagree with the idea that you do not want corruption right and so that's why we're giving the biggest worm award to Jim Cramer today ladies and gentlemen because this guy had the opportunity to call this out.I mean, just basic stuff like, hey, maybe the president shouldn't trade stocks.And not only is that an obvious take, this is also a segment called Squawk on the Street in CNBC.I mean, their job is to talk.about the squawk on the street the whole idea is you're talking about the scuttlebutt you're talking about the opinions of the day and all of a sudden this slow ball down the center of the plate why do you have to do what do you say but you know the president u .

s government got in he could sell it yes and according to the filings the president's been trading some intel in the quarter

The guy short -circuit.I mean is he falling apart?The last brain cells of Jim Cramer dying in slow motion?I mean, speak, Jim.I like how this guy, he has a big ol' fat smile on his face.He knows this is uncomfortable for Jimmy.

close the segment like that like hey Jim Cramer short circuits live on air when asked about presidential trades and we just go to break like isn't this squawk on the street don't we discuss that's the whole idea of the entire show that's why this show literally exists unbelievable we got to go Jim we'll see you tonight I thought we were the you know financial news guys are we afraid to talk about financial news when it's the president all of a sudden we're not willing to Talk about it, that's off limits.Making fun of Nancy Pelosi, that we all stand up for.Everybody stands up for making fun of Nancy Pelosi, myself included.But all of a sudden, it's the president, we can't talk about it.What's going on, guys?Is this North Korea?

I mean, what's happening?You ask for comments from the two groups, and it's like very similar.Both say, hey, we have nothing to do with it.I don't know why we don't just treat apples to apples here, right?So yeah, I just thought this was obviously dumb.I mean, when you investigate it, it looks like some of these trades go great.

Some of them go terrible, like Palantir.You know, some of the Thermo Fisher ones are not good.Dell Technologies did go well.Micron Technology went really well.It's just kind of a mixed bag, but an ugly one.You know, I personally don't

want presidents, congresspeople, anyone in Washington should not be holding anything other than an index fund.Why should these people be able to pick stocks if they're regulating the industry that those stocks are in?It doesn't make sense to me, but I think things are a bit different in Washington.