"Partisan Divides Influence 2023 Stock Market Performance in Washington"

1 min read
Source: Yahoo Finance
"Partisan Divides Influence 2023 Stock Market Performance in Washington"
Photo: Yahoo Finance
TL;DR Summary

In Washington, political polarization is influencing stock market returns, with exchange-traded funds (ETFs) tracking Democratic (NANC) and Republican (KRUZ) lawmaker investments showing divergent performances in 2023. Democrats' tech-heavy portfolios have outperformed, gaining nearly 20%, while Republican investments have seen over 9% returns. The political divide is also evident in other ETFs like MAGA and DEMZ, with long-term returns favoring Republicans. Despite the performance, there are ongoing bipartisan efforts to ban stock trading by lawmakers to prevent conflicts of interest, though these efforts face challenges in becoming law.

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