This week in power × markets

the briefing · 2026-08-02

Wall Street's market-plumbing stocks are drawing an unusual crowd: nine members of Congress traded Goldman Sachs while the CFTC, FTC, and SEC circled the same name, one node in a broader cluster of exchange and brokerage tickers overlapping with the very agencies that oversee them.

• $GS saw 9 members trading against a backdrop of CFTC, FTC, and SEC signals, with fellow bank $MS logging 5 members and the same trio of regulators; exchange operators $ICE (5 members, CFTC/SEC) and $CME (4 members, CFTC/SEC) round out the finance-oversight convergence.
• Members remain glued to Big Tech: $MSFT was traded by 21 members (45 buys/29 sells) with 7 committee-sector overlaps, $AAPL by 21 members (30b/16s, 4 overlaps), and $GOOGL by 11 members with 3 committee-sector overlaps — where members trade a sector their committee oversees.
• On the individual filings, Nancy Pelosi disclosed an $AAPL sale of $5M–$25M, Chip Roy disclosed an $AESI buy of $5M–$25M, and Jefferson Shreve disclosed a $RILA sale in the same $5M–$25M band.
• In insider-selling land, insiders at $NP unloaded roughly $635.6M (11 sales, including Bsiv Hold 101 and Ftv VII) and $REF insiders sold ~$242M (Aflalo Yael, Refo Scsp), dwarfing the $54.7M in $IQV sales tied to CEO Ari Bousbib and colleagues.

Get this every Monday — free →