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[Morning Watchlist]

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-------------------------

HOW TO TRADE WHAT CONGRESS TRADES ON THE CHEAP

If you’ve ever tried to “trade what Congress trades,” you
already know the biggest challenge:

By the time you see a headline about a lawmaker’s transaction,
IT’S USUALLY OLD NEWS.

That lag is built into the system. Under the STOCK Act’s periodic
transaction reporting requirement, covered officials must file a
report WITHIN 30 DAYS OF RECEIVING NOTICE OF A TRANSACTION, BUT NO
LATER THAN 45 DAYS AFTER THE TRANSACTION OCCURS. In plain English:
even if you’re watching disclosures closely, you’re often reacting
to something that happened weeks ago.

-------------------------

THE HEADLINE EXAMPLE EVERYONE FOLLOWS

A fresh example illustrates why congressional disclosures draw so much
attention—and why trying to “mirror” them trade-by-trade is
difficult.

In a PERIODIC TRANSACTION REPORT signed January 23, 2026, Rep. Nancy
Pelosi disclosed a cluster of activity across major large-cap names
and an asset manager. The filing includes, among other line items:

*
ALPHABET (GOOGL): exercised 50 CALL OPTIONS purchased on 1/14/25
(5,000 shares) at a $150 STRIKE, expiring 1/16/26

*
ALPHABET (GOOGL): purchased 20 CALL OPTIONS (12/30/25) at a $150
STRIKE, expiring 1/15/27

*
AMAZON (AMZN): purchased 20 CALL OPTIONS (12/30/25) at a $120 STRIKE,
expiring 1/15/27

*
AMAZON (AMZN): sold 20,000 SHARES (12/24/25)

*
APPLE (AAPL): sold 45,000 SHARES (12/24/25) and purchased 20 CALL
OPTIONS (12/30/25) with a $100 STRIKE, expiring 1/15/27

*
ALLIANCEBERNSTEIN (AB): initiated a position, purchasing 25,000 SHARES
(1/16/26)

*
PAYPAL (PYPL): sold 5,000 SHARES (12/30/25)

That is an attention-grabbing set of trades, and it helps explain why
retail investors try to follow congressional activity.

But here’s the operational reality: MOST INVESTORS CAN’T TRACK
DOZENS OF LAWMAKERS, INTERPRET OPTIONS ACTIVITY, AND ACT CONFIDENTLY
ON DISCLOSURES THAT ARRIVE WEEKS LATE. Which is where the “cheap”
solution comes in.

-------------------------

_Small Caps Daily_

THIS GOLD RALLY IS ABOUT PROOF AND SMX IS BUILT FOR IT!
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As gold breaks above $5,500 and silver trades near historic highs,
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DISCOVER HOW SMX IS TURNING VERIFICATION INTO INFRASTRUCTURE AS GOLD
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-------------------------

THE PRACTICAL SOLUTION: TWO ETFS THAT SYSTEMATIZE CONGRESSIONAL
DISCLOSURES

Instead of trying to mirror individual lawmakers trade-by-trade, you
can outsource the tracking into diversified vehicles built around
reported disclosures.

ETF: UNUSUAL WHALES SUBVERSIVE DEMOCRATIC TRADING ETF (SYM: NANC)

NANC is designed to provide exposure to equity securities associated
with trading disclosures from DEMOCRATIC MEMBERS OF CONGRESS AND THEIR
SPOUSES. The fund’s fact sheet states it partnered with Unusual
Whales to provide access to “near-real-time trading disclosures,”
and that the fund engages in “active and frequent trading,”
explicitly stating it “only buy[s] or sell[s] what members of
Congress hold.”

Key details from the fund’s fact sheet:

*
EXPENSE RATIO: 0.74%

*
INCEPTION DATE: 02/07/2023

*
HOLDINGS (COUNT): 149 (as of the fact sheet date)

TOP HOLDINGS SNAPSHOT (AS OF 09/30/2025): Nvidia, Microsoft, Alphabet,
Amazon, Apple, American Express, Salesforce, Philip Morris, Netflix
(weights listed on the fact sheet).

Translation: NANC has tended to reflect a more LARGE-CAP,
GROWTH/TECH-TILTED footprint—at least based on that holdings
snapshot—because that’s what the underlying disclosures have
implied.

ETF: UNUSUAL WHALES SUBVERSIVE REPUBLICAN TRADING ETF (SYM: GOP)

GOP applies the same concept, but focuses on trading disclosures tied
to REPUBLICAN MEMBERS OF CONGRESS AND THEIR SPOUSES. Like NANC, it
states it will engage in “active and frequent trading” and is
intended to reflect what those members “hold.”

Key details from the fund’s fact sheet:

*
EXPENSE RATIO: 0.74%

*
INCEPTION DATE: 02/07/2023

*
HOLDINGS (COUNT): 140 (as of the fact sheet date)

TOP HOLDINGS SNAPSHOT (AS OF 09/30/2025): Comfort Systems USA (FIX),
JPMorgan (JPM), iShares Bitcoin Trust (IBIT), Nvidia (NVDA), Intel
(INTC), Arista Networks (ANET), AT&T (T), Allstate (ALL), National
Fuel Gas (NFG), Chevron (CVX).

Translation: GOP has recently reflected a more
INDUSTRIAL/FINANCIAL/ENERGY/CRYPTO-ADJACENT mix—again, based on that
disclosed-holdings snapshot.

-------------------------

_American Alternative Assets_

YOUR SIGNATURE IS MISSING - ACT BEFORE IT’S TOO LATE
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The message is going out soon. Don't let your voice be left out.

-------------------------

A SIMPLE WAY TO USE THESE ETFS WITHOUT OVERTHINKING THEM

If your objective is “exposure to what Congress trades” while
staying disciplined, consider these implementation ideas:

OPTION A: SPLIT EXPOSURE (PARTY-NEUTRAL APPROACH).
Allocate across BOTH NANC and GOP (for example, 50/50). This reduces
the risk that your results are driven purely by one side’s sector
tilts in a given year. It also makes your thesis about
DISCLOSURE-FOLLOWING MECHANICS, not politics.

OPTION B: USE ONE ETF AS A “SATELLITE” POSITION.
Keep a core portfolio (broad index funds, dividend ETFs, etc.), then
add a small position in NANC or GOP as an “overlay” that reflects
congressional portfolio drift.

OPTION C: TREAT THEM AS TACTICAL, NOT PERMANENT.
Because the underlying data arrives with a lag, these funds may best
be viewed as TREND-FOLLOWING EXPOSURES to what disclosures have been
showing—not as vehicles for short-term event trading.

THE MOST IMPORTANT CAVEATS (READ THESE)

*
DISCLOSURE LAG IS REAL. Even with an ETF wrapper, the inputs still
come from filings subject to the STOCK Act’s 30–45 day window.

*
HOLDINGS CAN BE CONCENTRATED. Both funds’ top holdings lists show
meaningful weights in a handful of names at times.

*
THEY TRADE FREQUENTLY. “Active and frequent trading” can translate
to higher turnover and potentially less tax efficiency than broad
index ETFs.

*
REGIME/SECTOR RISK MATTERS. A fund can “outperform” simply because
its disclosed holdings happened to be in the right sectors. This is
not the same as guaranteed “edge.”

-------------------------

_The Wealthiest Investor_

A 2026 AI SHIFT INVESTORS SHOULD UNDERSTAND
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finance—it’s already shaping how decisions are made.

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AI FINANCIAL THREAT ASSESSMENT
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