Open Book with Anthony Scaramucci Inflation Crisis, Market Predictions for 2026, Trump's Federal Reserve, Crypto's Future
Dec 29, 2025
Michael Novogratz, Founder and CEO of Galaxy Digital and former President at Fortress Investment Group, dives deep into the inflation crisis and how the Federal Reserve’s decisions will shape 2026 markets. He discusses Trump’s influence on interest rates and the potential political shifts in choosing the next Fed chair. The conversation highlights Bitcoin's stalled momentum as a contrarian signal and touches on the yen carry trade’s effects on global liquidity. Novogratz also explores the implications for stocks and the future of crypto investments.
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Show Up On Day One
- Be in your trading seat the first trading day to capture early-year momentum and avoid missing rapid positioning shifts.
- Lock in gains or losses before year-end and then selectively add risk in the first two weeks to set a strong performance baseline.
Don’t Fight A Dovish Fed
- Don't fight the Fed: if the Fed is easing, position long and avoid contrarian rate bets.
- Political pressure on Fed policy increases the odds of dovish moves and market-friendly liquidity.
Buy Pullbacks To The 50-Day
- Buy pullbacks to the 50-day moving average in trending markets instead of chasing absolute highs.
- Use technical pullbacks to manage entry risk and avoid overpaying at market peaks.