SkyBridge Capital is run by Anthony Scaramucci.
The Washington Post.
Anthony Scaramucci of SkyBridge Capital said that Friday's market sell-off is a buying opportunity.
Global stocks and oil prices plummeted Friday as investors panicked over the discovery of a new strain of COVID-19 in South Africa, which has raised the prospect of travel bans. The S&P 500 was down 2%, while oil futures were down more than 10%.
The Federal Reserve is no longer likely to tighten monetary policy as aggressively as it had planned, according to former White House communications director Anthony Scaramucci.
He said that if the Fed is not going to cut back on asset purchases, this is a buying opportunity. Things are on sale on Black Friday.
The Skybridge Capital boss sees the situation as a mini March of 2020. After the world economy was hit by coronaviruses in the spring of last year, the stock market rose again.
The decline in digital assets was a good chance to buy them for cheap, said Anthony Scaramucci, a long-time bull. ether was down 9.1% at $4,066, while the price of ether was down 7.9% at $54,391.
He said that this is the time to be buying if you believe in the long-term.
I think this is a risk-off situation. People are leaving the game because of the volatile nature of cryptocurrencies. I think the first quarter will be a good one because of the washing out of leverage.
Over the last year and a half, a strong buy-the-dip mentality has set in among institutional investors and retail traders.
The biggest falls of the stock market since 1987 happened in March 2020, but huge government and central bank packages have since helped set them soaring. The S&P 500 doubled from its March 2020 low.
The outlook was clouded over on Friday as investors were left in the dark as to the infectiousness and lethality of the new coronaviruses variant.
The European Union is likely to follow the UK in banning air travel from the affected southern African countries.
The investors are worried that the variant could cause the start of another recession for the global economy. Scientists are racing to find out more about the new strain, with few firm details yet.
Jon Boyar's buy list is paid for by top money managers and wealth funds. He says 3 of them are going to soar at least 38%.
Business Insider has an original article.
