Pam Bondi Sold Over $1M in Shares The Same Day Trump Tariffs Were Announced

[progree]

9. "There is no suggestion of wrongdoing on the part of Bondi."

What To Know
There is no suggestion of wrongdoing on the part of Bondi. Trump's tariffs were announced after the markets closed, and the disclosure form does not say whether the shares were sold before or after closing time.

The disclosure forms also do not specify the value of the stocks sold, only a range.

. . .
According to CBS News, the day after the sale, Trump Media's stock dropped by more than 10 percent.

I added the ROFL emoji. If they were sold before the market closed, i.e. before the tariffs announcement, then there is a pretty strong reason to suspect. If she sold after the close, then she was acting on information that anyone reading the news had.

There's a comment upstream that it was known since before the inaugural that tRump was going to raise tariffs ... yes indeedy, but the timing is still important -- she avoided a more than 10% drop the next day. And the market doesn't seem to be all that allergic to tariffs -- there were Trump II era tariffs already well before April 2. And the market (S&P 500) is up 2.1% over its election day level and up 0.4% YTD as I post this 15 minutes before the close, so some level of tariffs is not a market-killer. The size of the tariffs is important and the size of the April 2 jump in tariffs announcement surprised pretty much all the financial pundits.

Myself, I didn't leap out of the market when tRump started putting on tariffs months ago, and threatening more. Nor did I leap out of the market on or after April 2. Rather, I continued to maintain the same allocation between equities and fixed income that I maintained before the election.