For a lot of staff, congressional recess involves late office arrivals, three hour lunches, early afternoon departures and FamousDC Recess bashes.
But portfolio Manager Eric Singer has his own recess rules: INVEST!
USA Today’s John Waggoner: Fund invests in stocks only when Congress is out of session
Eventually, Singer decided to form the Congressional Effect fund (ticker: CEFFX). The strategy: Invest in the S&P 500 when Congress is in recess; stay in ultra-safe money market securities when Congress is in session.
h/t JB