THE QUIVER QUANT
EXECUTIVE SUMMARY
This week's power players are making headlines.
Ken Griffin isn't holding back, warning that CEO decision-making is being warped by a White House that rewards loyalty over merit.
Meanwhile, Nancy Pelosi's timing raises eyebrows again: she sold PayPal two weeks before shares cratered 27% on an earnings miss. And on the optimistic side?
Blackstone's Jon Gray is calling it—2026 is the year the IPO window finally blows open. Three stories. Three signals. Let's dig in
MIDTERMS
Things are heating up for the midterms. Here are the current probabilities: The House: 83% Dem · Senate: 65% GOP ·
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STRATEGY PERFORMANCE
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THE EDITORIAL QUANT
ADM Called it “Risk Sharing.” The SEC Called It Fraud.
There's a certain poetry to the language arc of accounting fraud. Archer-Daniels-Midland executives started by calling their $20 million revenue manipulation a "rebate." When that sounded too much like what it was, they rebranded it as "risk sharing." The SEC, perhaps lacking the same creative writing budget, eventually settled on "accounting fraud" and a $40 million fine, (about 0.12% of market cap), or what the stock moves on a slow Tuesday. The word "fraud" is now in the official record, which I suppose is something.
POLITICS
Midterm Money Flows
QUIVER DATA
Insider Trades
QUIVER PELOSI UPDATE
QUIVER NEWS
What we’re watching:
→ Ken Griffin Says CEOs Fear a White House that Rewards Loyalist
Ken Griffin sharpened his criticism of the Trump administration, warning that a political culture perceived as rewarding loyalty: Read analysis →
→ Pelosi Sold PayPal Stock Before 27% Drop
Nancy Pelosi disclosed a sale of PayPal Holdings, Inc. ($PYPL) common stock roughly two weeks before Read analysis →
→ Blackstone’s Jon Gray Says 2026 Will Be the Year of IPOs
Jon Gray is betting that the long-awaited reopening of the US IPO market is finally at hand, arguing that 2026 is shaping up to be a breakout year: Read analysis →
SOCIAL MEDIA ROUNDUP
WHAT QUIVER’S POSTING
