Drudge Retort: The Other Side of the News
Tuesday, January 16, 2018

An exchange-traded fund that tracks companies that support President Donald Trump and the Republican Party is beating the stock market, according to Hal Lambert, founder and managing director of Point Bridge. The MAGA ETF, which launched on Sept. 6, has gained about 13.7 percent as of Friday's close. That compares with a return of nearly 11.3 percent for the S&P 500 over the same period. The fund uses Federal Election Commission data and screens components in the S&P for companies whose campaign contributions from employees and political action committees donate significant money to support Republicans running for office. "These are all based on political contributions of companies in the S&P 500. It's the top political contributors to Republicans," Lambert said Monday on CNBC's "Squawk Box." "It's about 21 percent industrials, it's about 20 percent financials and about 17 percent oil and gas."

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Hal Lambert said he believes people should have knowledge of which companies are donating to certain parties. "Money matters," Lambert said. "If you want policies that are Republican policies, which I think are the best for the economic growth, you want to support companies that are heavily supporting Republicans to get elected."

Lambert also said he saw an immediate bump on stocks after the GOP's tax plan passed. "The tax reform is huge," Lambert said. "Clearly, the equities are benefiting from the Trump agenda. And the economic growth for 2018 looks to be set up very nicely."

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No surprise that Pubs equate profit with greatness.
Remember when there were other goals in life other than wealth?

#1 | Posted by TFDNihilist at 2018-01-17 05:49 AM | Reply | Newsworthy 1

#1

Sex with porn stars? Cheating on your wife?

#2 | Posted by Zed at 2018-01-17 07:29 AM | Reply

"It is heavily weighted toward financial, industrial, energy and materials firms, with major holdings including mining giant Freeport McMoRan Inc. and Marathon Oil"

Well no ----.

Trump is systematically removing all constraints on those industries to be free to pollute, screw over customers at will.

Everything is coming up Millhouse.

#3 | Posted by 726 at 2018-01-17 07:37 AM | Reply | Funny: 1 | Newsworthy 2

This is meaningless. What are we comparing to? Apples to Oranges.

#4 | Posted by BruceBanner at 2018-01-17 11:38 AM | Reply | Funny: 1

We saw this movie before and we know how it ends. This meaningless short term profit will evaporate at after the intermission. Then the profiteers will be begging for a bailout....again.

#5 | Posted by danni at 2018-01-17 12:12 PM | Reply

: sigh :

#6 | Posted by GOnoles92 at 2018-01-17 07:35 PM | Reply

'Make America Great Again' ETF Outperforms the Stock Market

Give it ten years of consistent 13% return, then we can talk. Until then, BitCoin still has more potential. LOL

#7 | Posted by rstybeach11 at 2018-01-17 07:38 PM | Reply

Do you really think it's news when companies that curry favor with a corrupt president do well? This principle is the first rule of kleptocracy.

#8 | Posted by rcade at 2018-01-17 08:24 PM | Reply

@Rsty - The YTD % gain of this ETF is better than the YTD % decrease of BitCoin.

As for forward price projections... who knows what could happen, but BTC is definitely more volatile and so could bounce back to 19k, or decrease past our current 10k level of support.

#9 | Posted by GOnoles92 at 2018-01-17 09:01 PM | Reply

it should be illegal to bet against the country's economy.

#10 | Posted by ichiro at 2018-01-18 01:17 AM | Reply

Face it Libs he is doing things for the economy that Obama couldn't even hope for I wonder why the media doesn't pay much attention to this if it was Obama's economy they would open every broadcast with it.

#11 | Posted by WTFIGO at 2018-01-18 12:11 PM | Reply | Funny: 1

"...if it was Obama's economy..." - #11 | Posted by WTFIGO at 2018-01-18 12:11 PM

It is Obama's economy.

Thanks, President Obama.

#12 | Posted by Hans at 2018-01-18 12:18 PM | Reply

#11 | POSTED BY WTFIGO AT

I haven't checked, but after reading your post I'm guessing the price of basic punctuation marks is wwwwaaayyyyy up...

#13 | Posted by MrSilenceDogood at 2018-01-18 12:41 PM | Reply | Funny: 1

#9 | POSTED BY GONOLES92

We are walking into a recession for 2019. Crypto currency will break the status quo of investing.

#14 | Posted by rstybeach11 at 2018-01-18 05:44 PM | Reply

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