Pelosi recently sold millions of $ worth of stock considered safe. Does this mean there is a crash coming?

https://www.capitoltrades.com/

Formal numbers on the sells:

– 20K $AB shares, loss of -$11K
– 30K $GOOGL shares
– 2K $NFLX shares, loss -$133K
– 10K $PYPL shares, loss -$850K
– 5K $RBLX shares, loss -$235K
– 5K $TSLA shares, loss -$511K
– 130 $CRM calls, loss -$733K
– 10K $DIS shares, loss -$114K

— Nancy Pelosi Stock Tracker ♟ (@pelositracker) January 13, 2023

U.S. Sovereign Debt credit default swaps are now at higher levels than the depths of the global pandemic. pic.twitter.com/ljVjjl8mpj

— Jonesy (@HedgeyeDJ) January 13, 2023

Bank of America posted a $1.1 billion provision for credit losses.

JP Morgan’s was $2.3 billion.

2023 will be tough. Be ready. #recession #inflation #stagflation

— Swann Collins (@BWealthyAndFree) January 13, 2023

h/t  Big_Ad_7480