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Scaramucci Sees Risk-Asset, Crypto Resurgence on Fed Pause
Investor Anthony Scaramucci said he expects the Federal Reserve will pause its campaign to raise interest rates before reaching its 2% inflation goal, leading to a rally in risk assets. “I do believe that the Fed declares victory at 4% to 5% inflation,” Scaramucci, founder of SkyBridge Capital, said in an interview. “If I’m right, there will be a resurgence in the market. There’ll be a lot of short covering in crypto and there’ll be a rebirth of risk assets.” SkyBridge has approximately 10% exposure to Bitcoin in the SkyBridge Multi-Adviser Hedge Fund Portfolios Series G fund, based on month-to-date ... (full story)
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- Posted: Jan 24, 2023 5:35pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 86
