The U.S. is in a 'protracted bear market' and stock prices could fall further, according to Anthony Scaramucci, an investor and former White House communications director.
The U.S. is in a "protracted bear market" and stock prices could fall further, according to Anthony Scaramucci, an investor and former White House communications director.
In the short term, however, he said he is optimistic because of the expectation that Congress will approve economic stimulus for the country. He also said U.S. President Donald Trump could emerge from this crisis "very strong" if he executes on the stimulus. "I think it's still a toss-up, going into November," he added.
Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019.
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