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Anthony Scaramucci is quickly retiring from his communications role during the Trump 45 administration, but he’s not mincing words.
“If we can just hold on and not blow ourselves up, [and] If there were some decent, predictable political policies, the economy would recover. ” the SkyBridge Capital founder told Yahoo Finance executive editor Brian Sozzi on a new episode of the Opening Bid Unfiltered podcast.
In addition to a brief stint during Trump’s first term (documented in his book “From Wall Street to the White House and Back”), Scaramucci’s resume includes an early career at Goldman Sachs before co-founding alternative asset management firm Skybridge in 2005.
Markets have been shaken recently by news of growing artificial intelligence capabilities and political dysfunction in Washington. Scaramucci said “volatility and uncertainty” have become a problem in Washington, adding that markets prefer “evenness, predictability and stability” and that “knee-jerk tariffs on and off are a mistake.”
“I think it’s hurting the market,” he continued. “We can do better if we have sound policies and no capriciousness and uncertainty.”
The conversation comes as once-popular “Big Seven” stocks like Microsoft (MSFT) are experiencing a correction.
“There are 20 stocks supporting the market,” Scaramucci said, adding that Bitcoin’s 50% retracement was noteworthy. “Bitcoin is a leading indicator, so stocks could fall significantly.”
The current market performance is also worthy of attention. Year to date, the iShares Expanded Tech-Software Sector ETF (IGV) is down 24.43%. For 2026, the S&P 500 (^GSPC) is up a modest 1%, the Russell 2000 (RTY=F) is up 6%, and the Nasdaq Composite (^IXIC) is down 1%.
Scaramucci believes any market downturn is temporary. “I don’t think it’s going to be too bad because the Fed has a lot of firepower,” he said.
“I still think [Fed chair Jerome] Powell is a data man and he will start cutting interest rates, especially [if he sees weakness] Across the market,” he said.
Scaramucci also intends to keep his cool and carry on. “Am I going to change my investment philosophy because of these short-term things that are happening?” he asked. “I wouldn’t and I would encourage people not to do it.”
