FAQ

How late is the data?

By law, up to 45 days after the trade. Many reports come sooner. A buy is scored and held from the day it was reported, which is the earliest anyone outside the member's office could have bought it.

Why ranges instead of amounts?

That is what the reports contain. A purchase of "$1,001 to $15,000" is all anyone outside the member's office knows, so every open buy in a basket has the same weight.

Why against the S&P 500?

Most stocks rise when the market rises. Measuring each buy against the S&P 500 over the same 90 days separates a member's choice of stock from the market's move, so the table shows who picked well, not who bought in a rising year.

What does Fade mean?

Fade is the other side of a basket. It gains when the basket falls short of its benchmark and collects a fee from Follow every day. It is a bet that a member's record was luck.

What about senators?

Senate reports are published at efdsearch.senate.gov. The keepers do not read them yet; only House reports are scored.

What about reports on paper?

Some members file handwritten scans. The site links them and says so. They are never parsed automatically.

Why are some trades skipped?

The baskets follow stocks. Options, funds, bonds and private companies are not carried, and neither is a stock that no longer has a daily close, such as one that was delisted.

Is this affiliated with anyone in Congress?

No. CAUCUS is not affiliated with, endorsed by, or connected to any member of Congress. Portraits are official US government photographs in the public domain; the full list of sources is in portraits/SOURCES.md.

Is there a token?

No.