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A signal that cannot be ignored!
According to the latest data provided by a website specializing in the trading of US Congress members, US Senator and staunch supporter of Trump, Tommy Tuberville, recently sold 12 stocks at once, including well-known blue chip stocks such as Microsoft, Apple, and Johnson&Johnson.
Tommy Tuberville is an active trader with a high success rate in trading. It has long been criticized for its stock trading. Unusual Whales, a startup that helps investors track market activity, found that in 2023, the stock trading volume of Tuberville reached 389, ranking fourth among members of Congress. This number does not include complex option trading, which accounts for a significant portion of Tuberville trading.
So, what does Tuberville's action mean?
Reduce holdings of 12 stocks at once

According to data, on November 15th, Tommy Tuberville, a current senator from Alabama and a member of the US Senate Armed Services Committee, reduced his holdings of 12 stocks in one go. Among them, well-known companies such as Apple, Adobe, Johnson&Johnson, Honeywell, McDonald's, Microsoft, Nestle, etc.
Tuberville is a staunch ally of Trump. Elected as a federal senator from Alabama in 2020. This person is known for his deep red color and unwavering support for Trump. He used to be a college football coach, with a conservative stance and sometimes astonishing words. He once single handedly blocked the promotion path of hundreds of senior US military officers. From February to December 2023, Tommy Tuberville continued to obstruct the appointment of hundreds of senior US military officers in the Senate due to his dissatisfaction with the US Department of Defense's policy of facilitating cross state abortions for active duty military personnel, resulting in the first time in August that the three important positions of Commander of the Marine Corps, Chief of Staff of the Army, and Chief of Naval Operations in the United States did not have a chief officer.
Tuberville is more famous for stock trading. Unusual Whales, a startup that helps investors track market activity, found that in 2023, Tuberville's stock trading volume (389 transactions) ranked fourth among members of Congress. This number does not include complex option trading, which accounts for a significant portion of Tuberville trading. In 2022, AL.com reported that Tuberville and his wife made a profit of $50000 to $127000 by trading shares of ChannelAdvisor Corp.
In 2022, The New York Times analyzed the transactions of this Alabama senator and found 20 "possible conflicts of interest" between the companies and goods traded in Tuberville and their official business in the Senate. About one-fifth of the 101 companies or products traded in Tuberville and reported to the Senate Ethics Committee are considered by senators to have potential conflicts of interest. Because as a member of certain Senate committees, Tuberville can influence policies or obtain information.
What does' align=center 'mean?

From the stock trading of Tuberville, the characteristics based on information trading are more prominent. So, what does this clearance style reduction of holdings mean?
Recently, many big shots have been continuously cashing out. According to regulatory documents submitted to the US Securities and Exchange Commission (SEC) by Amazon Executive Chairman Jeffrey P Bezos, on November 6-7, Bezos sold a total of 5.992724 million shares of Amazon stock in nine installments, with a market value of $1.23 billion. According to foreign media reports, Bezos has cashed out multiple times and sold over $13 billion worth of Amazon shares.
In the third quarter of this year, with the sale of stocks such as Apple and Bank of America, Berkshire Hathaway's cash reserves have increased to a record high of $325.2 billion. According to Berkshire Hathaway's quarterly financial report released on the same day, as of the end of the third quarter, the company had sold approximately 100 million shares of Apple stock.
The latest view from Gaurav Mallik, Chief Investment Officer of Pallas Capital Advisors, is that the escalating geopolitical tensions have always been a risk facing the market, and this risk continues. Russia's escalating war rhetoric and the uncertainty of how the new US government will respond will both lead to stock market volatility. As investors turned to safe haven assets, the price of treasury bond rose, leading to lower yields. Gold futures have also risen. The Chicago Board Options Exchange Volatility Index (VIX), considered the best "panic index" on Wall Street, soared to around 16 at one point.
With the yield of 10-year US treasury bond bonds approaching 4.5%, such a high yield may cause problems for the bull market. Jason DeSena Trennert, chief investment strategist of Strategas, pointed out that since the bull market began in October 2022, two of the last four "eye-catching" market selling were due to the 10-year US treasury bond yield rising to more than 4.5%. The strategist wrote in a report on Monday, "There are many good reasons why the S&P 500 index should hit a historic high, but rising long-term interest rates may be a difficult situation to deal with
Tags： Supporters signals Trump
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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