Good news, everyone. Senator David McCormick has filed his STOCK Act disclosure, which means the system is working exactly as designed: you find out what a senator bought approximately one month after he bought it, expressed as a range that could mean literally anything between "nice" and "very nice."
The trade in question is a Goldman Sachs Managed Structured Note linked to the MSCI EAFE Index — which, for the uninitiated, is a basket of international developed-market equities wrapped in a Goldman product that has the word "managed" in the name, so you know someone is definitely managing something, somewhere, for someone.
Amount: between $100,001 and $250,000. Could be $100,002. Could be $249,999. The STOCK Act doesn't need your nosy specificity. It just needs you to know it happened. Eventually. After a month.
The trade was flagged because it exceeded the $50,000 notability threshold, which is the government's way of saying this is the part of the iceberg we agreed to show you.
The chart, as always, does not have a 30-day disclosure lag. The chart is right there. The chart is always on time.
We're not saying anything. We're just reading the filing out loud in a room and letting you hear it.
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