"Crenshaw sold up to $1.1 million worth of shares in individual stock positions before the election and invested between $395,008 and $950,000 in ETFs on November 9, the first trading day after Biden's victory."
"The Dow Jones industrial average surged on November 9 to its highest levels since February 2020, following the news of Biden's victory and the progress of the Pfizer COVID-19 vaccine."
"Major indexes have been hitting record highs, marking the stock market's best performance since at least the 1950s, following Crenshaw's investments."
Caroline A. Crenshaw, an SEC commissioner, sold up to $1.1 million in stocks before the 2020 election and invested between $395,008 and $950,000 in ETFs on November 9. This timing coincided with a market surge following Biden's victory and positive vaccine news. The investments appear to have been profitable, as the Dow Jones industrial average reached its highest levels since February 2020 and continued to perform well in the following months, marking the stock market's best performance since the 1950s.
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