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hey welcome back to two super guys trade stocks I'm Dylan and I'm Vinnie and today we're talking about following the FED Michael burry tweeted about it and kind of like a little bit about the backstory here and how the FED perfectly timed the market topped have you seen this I have not that does not sound I'm gonna take a look at it nice yeah so the FED timed the top that sounds like well not nice it's not really that hard when you know you're the one about to shut off the printing press and start destroying the market by selling your 8.9 trillion dollars in assets off your balance sheet or the crust Market uh this is a tweet from Michael Berry a couple days ago um but he's like follow the fed question mark never forget that the fall of 2021 when the federal governor suddenly decided in a Nostradamus Type move that it was unethical for them to trade themselves in stocks you remember that uh yes yeah yeah do you remember out on the market kind of had a topping moment did they have to sell off so they haven't had to sell off quite yet okay um or look at the chart here in a second but this is the the headline from back in October of 2021 when that happened uh but they they were first having the discussion about banning themselves from owning uh private equities or individual equities all right restricting them to mutual funds only this initial round here back in November also didn't talk about short selling or any other vehicles that they could potentially use at that point in time it was just they were just talking about equities I think Short Selling is the most corrupt thing that you can do if you're uh fed okay well yeah could you imagine Jay pal just short selling the crap out of everything that's confused he just initiates a position short selling the queues like yeah no this would be rough yeah yeah the cues Kathy Wood you know pretty much everything else TLT the long-term treasury bonds but that discussion was occurring back back in this time frame right here isn't that like perfect timing what do you think yeah yeah that's pretty sexy [ __ ] I didn't know that it was like that that's shitty yeah so I I guess we know now in hindsight that we really have to listen to that when they hit when they stop talking about things like this the um kind of discussion here this is the actual rule when it was published both until February that this actually happened uh but under these rules this is what it actually lays out here is that the prohibitive and purchasing individual stocks or sector funds they can still hold broad Market ETFs or mutual funds right they could still own spy as a drug abuse that sort of thing but it also banned them from doing any sort of derivative trading and that sort of you know as far as like uh they can't do call options put options or you know short selling those sort of things they're all individually banned now as well however they did give them 12 months to kind of comply with this as far as disclosing their effective positions so that they they still haven't come out we should be expecting them in the next few months here finally they see wasn't Jay Pal's portfolio um wait but we can see like Nancy Pelosi's portfolio so Congress is different from this is from the Federal Reserve rule Federal Reserve had no rules as far as this goes uh right now they do have to disclose within I forget exactly that period of time um for new fed members to have to disclose within like six months and that was effective as of May so we should see some of that stuff right about now uh November will be kind of the first batch of that when if they added any new kind of fed Governors but the old you know Old Guard if you all those that were in uh office prior to that don't have to do it until February of 2023 is when we'll find these events I think we're going to find like a thousand to one odds Jay Powell is super invested in Dogecoin just like all that a little bit uh so this is also kind of brought to the light right we're shooting this the week of midterm elections and this is one of the rare things that you know voters on both sides of the aisle tend to really agree on in terms of opposing Congress from from owning individual equities now a little bit different than the federal Governors right um this is kind of like you were saying the Nancy Pelosi thing where they are uh allowed to do it but they have to disclose their their transactions within a certain period of time although there's no real punishment for not doing it properly which is a pretty empty threat if you ask me right turning around the car on your children um right they don't follow through that's exactly what's going on but pretty broadly across the entire political Spectrum people support Congress being banned from owning individual equities but but why this is the real question remember we talked about this chart before yeah um this is this is so infuriating I don't understand so like Pelosi in particular regardless of your Democrat Republican who cares the fact that she was openly trying to get I can't remember what it was within the video openly trying to get the chipset going through while buying a [ __ ] ton of call options long term like dude come on yeah I know owning those Nvidia call options and then they timed the market pretty perfectly on on getting rid of those as well which was fascinating but uh yeah as you can see here she significantly outperformed uh the spy and the Dow over that time period when you combine both her stock and options returns uh that's pretty stick-out performance here you know this would have made her uh if she did this long term you know Warren Buffett uh you know well above his returns on the annual basis just to give you a context that's insane it's you know uh me and Vinnie are in healthcare it is illegal to take money from um like a pharmaceutical company and then get preferential treatments that pharmaceutical drug it's kind of the same thing with this for but it's very not illegal for them they just do whatever they want it's so stupid exactly yep another one that kind of comes up with the healthcare thing is you know we always uh if you're giving a talk you're talking about medication right you have to disclose immediately if you have any financial interest in this or if you're being paid for you know this talk by the pharmaceutical company that sort of stuff uh they the same thing doesn't apply to to Congressional members or to financial influencers and that sort of stuff it's going to do whatever they want everybody there yeah the last thing I want to talk about right here is uh you know this news article talking about how despite the fact that there's overwhelming support this week um you know we have midterm elections and Congress decided to just go ahead and kick that can down the road that they're not going to go ahead and ban themselves from owning individual equities yet that uh I'm gonna put that off until after the midterm elections it's just so frustrating because you're supposed to rip it I won't get into a political thing this is but the the major point there is I guess when you when you have something so you know kind of decisive as the Federal Reserve coming out and saying yeah you know we're not going to own individual stocks anymore uh that's probably a good indicator that then they don't believe in their uh health for the next uh kind of foreseeable bit of time put it that way perfect well so you know just follow the corrupties and uh follow the news and then you time the market perfectly apparently exactly all right catch the next one
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