Dave McCormick is a freshman senator from Pennsylvania. He was CEO of Bridgewater Associates, the largest hedge fund in the world. His wife, Dina Powell McCormick, spent 16 years in senior leadership at Goldman Sachs.

And.. I almost forgot!

He sits on the Senate Banking Committee.

This family for sure knows banking better than almost anyone in Washington.

On January 22, McCormick sold between $1 million and $5 million worth of Goldman Sachs stock. GS closed at $949.65 that day. Near all-time highs.

Then the Iran war started. Markets dropped. Goldman fell 15%.

And McCormick started buying.

Not once. Seven times.

He also picked up 8 separate positions in GS Finance Corp bonds across February. And he's been quietly stacking Bitwise Bitcoin ETF since November.

Basically, he sold at the top and is now buying back 15% lower across seven separate purchases over two weeks. This feels like a deliberate re-entry rather than someone rebalancing the portfolio.

Like he is now positioning for the recovery.

We're not saying you should follow McCormick's trades blindly. But when a Senate Banking Committee member with 30 years of institutional finance experience starts aggressively accumulating a stock he just dumped, it's worth asking: what are the odds that he doesn’t know what he is doing?

Banks make money in volatility. Trading desks at Goldman, JPMorgan, and Morgan Stanley are printing right now. War, oil shocks, rate uncertainty. All of that is revenue for investment banks.

McCormick appears to be betting that Goldman Sachs is oversold. And if you look at how banks performed after previous geopolitical crises (Gulf War 1991, Iraq 2003, COVID 2020), he might be right. Bank stocks tend to recover faster than the broader market once the initial panic fades.

The question isn't whether Goldman recovers. It's when.

And McCormick seems to think the answer is: soon

All trade data sourced from official congressional financial disclosures. This is not financial advice.