Skybridge Capital founder Anthony Scaramucci warns that political instability is hampering economic recovery. In a recent podcast interview with Yahoo Finance, the former White House communications director emphasized that predictable policies could restore market confidence. Scaramucci's comments come amid market volatility driven by AI developments and Washington's political dysfunction.

Scaramucci criticized the administration's approach to tariffs and other policies, calling them 'capricious' and harmful to markets. He specifically pointed to the 50% correction in bitcoin as a leading indicator of broader market weakness. The veteran investor noted that just 20 stocks are propping up the broader market, while many others struggle.

Despite current market turbulence, Scaramucci remains optimistic about the economy's fundamentals. He expects Federal Reserve Chair Jerome Powell to cut rates if economic weakness persists, citing the central bank's 'firepower' to support growth. The Skybridge Capital founder advises investors to maintain their investment theses and focus on quality assets, drawing on his 40 years of professional investing experience.