It is no secret that politicians use their insider information to select stocks. A recent trade has raised eyebrows and raises the question of whether those behind the curtain knew that the Hamas attacks were coming, or worse, the whole thing was planned.
Josh Gottheimer is a Democrat Congressman from New Jersey. On September 25, Gottheimer just so happened to purchase numerous shares of Northrop Grumman Corp (NYSE: NOC) for around 425 per share. Northrop Grumman Corp also just so happens to be one of the largest military defense contractors in the world and it conducts the majority of its business with the US Department of Defense.
Hamas penetrated the Iron Dome two weeks later on October 7. The stock spiked 11% on the day of the attack and is trading a bit below 500 at the time of this writing. Lucky trade? Solid company? The trade itself doesn’t seem off until you look a bit closer. Gottheimer is also an overseeing member of the National Security Agency and Cyber Subcommittee, a branch of the Department of Defense that partners with all the three letter agencies and every branch of the military. As explained on their website, “NSA Cybersecurity prevents and eradicates threats to U.S. national security systems with a focus on the Defense Industrial Base and the improvement of U.S. weapons’ security. It also strives to promote cybersecurity education, research, and career-building.”
If this were a case of insider trading, it indicates that American intelligence agencies had been preparing for October 7. Again, no one has yet to discover how Hamas invaded what was possibly the most secure border in the world. Something does not add up here.