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SkyBridge Bets on Rising Volatility, Cautiously Optimistic on Bitcoin, Scaramucci Says

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Alternative asset manager SkyBridge Capital is increasing its exposure to macro strategies as policy uncertainty under U.S. President Donald Trump fuels market volatility, founder Anthony Scaramucci said in Davos.

Scaramucci said macro-focused traders have performed better amid sharp market swings, prompting SkyBridge to tilt further toward such strategies. Regulatory filings from September 2025 showed the firm’s SkyBridge Opportunity Fund increased its macro weighting to 69%, compared with a heavier allocation to cryptocurrencies earlier in the year.

Despite recent turbulence, Scaramucci said the long-term outlook for Bitcoin remains intact. He described the recent pullback as a timing issue rather than a shift in direction, pointing to consolidation following a volatile year. Bitcoin surged to a record above $126,000 in October 2025 before a sharp correction that triggered more than $19 billion in liquidations, the largest in crypto history.

Bitcoin was trading below $90,000 on Tuesday, about 28% below its peak. Scaramucci said optimism around regulatory reform had faded but remained cautiously positive on the year ahead, noting that legislation to clarify crypto market rules is still under consideration in the U.S. Congress.

Investors Weigh Potential Market Impact of a Republican “Red Sweep” After Trump Win

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Following Donald Trump’s recent election victory, investors are closely analyzing the potential effects of a “red sweep” scenario—where Republicans secure control of the White House and both chambers of Congress—on financial markets. With Republicans holding a slim lead for the House and many of Trump’s economic policies considered pro-growth, investors are speculating on how such unified government control could shape markets.

If Republicans secure the House, Trump’s policies, including tax cuts and regulatory rollbacks, would likely have an easier path to implementation. Market analysts expect these measures to favor small-cap stocks, boost the dollar, and potentially increase inflation. This anticipation has already pushed small-cap stocks like the Russell 2000 index up by about 8% this week. Although some of these gains have cooled, expectations remain strong for longer-term growth, assuming Republicans gain full control.

Trump’s platform prioritizes slashing federal regulations and preserving the 2017 tax cuts, with additional reductions to corporate and individual taxes under discussion. Goldman Sachs analysts project that a corporate tax cut from 21% to 15% could elevate S&P 500 earnings per share by around 4%. Deutsche Bank analysts also forecast increased growth, adjusting their 2025 U.S. growth estimate from 2.2% to between 2.5% and 2.75% in a red sweep scenario, although they anticipate a dip in 2026 due to potential trade tensions.

The prospect of Republican control could also strengthen the dollar, which recently hit a four-month high. JP Morgan analysts predict that a red sweep could further push the euro down to $1.00-$1.02 compared to its current value, as opposed to a smaller decline with a divided Congress. Historically, stock markets have performed well under unified Republican government control; Evercore ISI research indicates that the S&P 500 has averaged a 9.1% return during periods of single-party control, compared to 6.7% under divided government.

However, some experts caution that legislative changes could face hurdles even with a Republican majority due to narrow margins in both chambers. Paul Nolte, senior wealth advisor at Murphy & Sylvest, suggests that while markets are already pricing in some of Trump’s policies, the final legislative outcome may differ significantly from campaign promises.

 

European Markets Eye Higher Open as Investors Focus on Fed’s Rate Outlook

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European markets are poised for a higher open on Wednesday as investors shift their focus to the U.S. Federal Reserve’s upcoming commentary on inflation and interest rates. The Stoxx 600, France’s CAC 40, Germany’s DAX, and the U.K.’s FTSE 100 are expected to rise slightly, recovering from losses earlier in the week.

Key data points from Europe are scarce this week, except for Thursday’s flash purchasing managers’ index for the euro area. However, investors are watching closely for the release of the Federal Reserve’s minutes and Fed Chair Jerome Powell’s address at the Jackson Hole symposium on Friday. Markets have already factored in a potential rate cut by the Fed in September, with uncertainty over whether it will be 25 or 50 basis points. Powell’s speech is expected to shed more light on the central bank’s approach.

Despite global concerns, including mixed signals from the U.S. economy and recent declines in Asia-Pacific markets, analysts like Charles-Henry Monchau of Bank Syz see a relatively stable environment for equity markets. Although risks persist, inflation is decreasing, and economic growth remains resilient, contributing to positive market conditions for the time being.