Anthony Scaramucci is worried about the market. But here's the thing: it's not about the vibes. You know, that general feeling of optimism or pessimism that floats around Wall Street. The SkyBridge Capital founder is pointing to something more concrete—where the actual money is going. Or more accurately, where it's not going.

In a post on X, Scaramucci argued that investors shouldn't shrug off the capital flows they're seeing. He pointed to what he described as Warren Buffett pulling a staggering $400 billion out of the market. That's not a subtle shift in sentiment; that's a flashing warning light the size of a billboard.

His core concern? That political and policy unpredictability is starting to tarnish the United States' long-held, gold-plated reputation as the world's safest home for capital. This, he suggests, could matter a whole lot more than day-to-day market chatter. He's calling the pullback a "capital boycott," with everyone from sovereign wealth funds to global investors—and even tourists—starting to reallocate their money elsewhere.

The Contradiction in the Numbers

Now, here's where it gets interesting. This concern comes even as the big, institutional money was still flowing in, at least on paper. Research compiled by Global SWF showed that sovereign wealth funds and public pension investors directed about $132 billion into the U.S. in 2025. That was roughly half of all their global investments. So, the pipes were still full, for now.

But Scaramucci is looking past those headline figures. He's tied his unease to what he's called a "Trump Slump," arguing in a recent interview that "on-again, off-again" tariff threats and capricious rhetoric are "hurting the markets" and making long-term capital allocation a nightmare. He also noted that "twenty stocks are holding up the market," describing the current environment as a dangerously narrow rally propped up by a tiny group of winners.

When Tourists Vote With Their Wallets

To drive the point home in his X post, he added a tangible example: "Tourism alone is bigger than manufacturing, and the numbers are sliding. Markets can ignore this for a while, especially tech, but the knock-on effects are real. When trust in the rule of law erodes, money quietly goes elsewhere."

He's not wrong about the scale. Travel and tourism contribute more than $2.5 trillion annually to America's economy. But the flow is reversing. Data from the U.S. Commerce Department's National Travel and Tourism Office showed inbound travel fell 4.8% in January 2026 compared to a year earlier. Reports linked the canceled trips to perceptions of political instability and immigration policies. That's capital—in the form of tourist dollars—deciding to vacation somewhere else.

So, what's an investor to do? Despite predicting near-term turbulence and even a "bear market" phase, Scaramucci has said he remains "cautiously optimistic" about one thing: investors building their Bitcoin (BTC) positions in 2026. The caveat? That's only if policies eventually stabilize. For now, the warning is clear: the problem isn't just in the air. It's in the account statements.