The stock market could be 'halved' if Elizabeth Warren becomes president: Scaramucci

President Trump’s former White House Communications Director Anthony Scaramucci isn’t exactly feeling his former boss these days.

But he for damn sure isn’t feeling a president Elizabeth Warren. The Skybridge Capital founder became the latest top Wall Street name on Monday to issue a dire warning on the markets should Warren ascend to the White House. In fact, ‘The Mooch’ is making a more aggressive call than many of his peers up and down Wall Street.

“Well, I think she would halve the markets,” Scaramucci said on Yahoo Finance’s On the Move when asked about Warren’s potential market impact. “Just don’t go by me, go by Lee Cooperman and Paul Tudor Jones. The reason why the market is up because we had a 35% corporate tax go down to 21% and propelled about a 45% to 50% move in the markets. She [Warren] is talking about reversing all of that and then a wealth tax.”

Recently, investing legend Paul Tudor Jones said the stock market could plunge 25% if Warren wins. Billionaire investor Leon Cooperman also said in early October the markets could drop by 25% amidst a Warren win.

Cooperman has since waged a public battle on Warren, who questioned his efforts to improve society on Twitter. Cooperman is largely seen as one of the more charitable top figures on Wall Street.

Pick your poison as to why Warren could be bad for markets.

To Scaramucci’s point, Warren has made taxing the wealthy and pushing an expensive Medicare for All health care plan, the foundation of her climb to the top of the Democratic primary polls.

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Elizabeth Warren's Manhattan rally
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Elizabeth Warren's Manhattan rally
Democratic presidential candidate U.S. Sen. Elizabeth Warren takes the stage before addressing supporters at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren addresses supporters at a rally Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren addresses supporters at a rally at Washington Square Park, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren addresses supporters at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren addresses supporters at a rally at Washington Square Park, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren addresses supporters at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Supporters of Democratic presidential candidate U.S. Sen. Elizabeth Warren cheer as she arrives at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren takes the stage before addressing supporters at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Democratic presidential candidate U.S. Sen. Elizabeth Warren takes the stage before addressing supporters at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
Supporters of Democratic presidential candidate U.S. Sen. Elizabeth Warren cheer as she arrives at a rally, Monday, Sept. 16, 2019, in New York. (AP Photo/Craig Ruttle)
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
Democratic presidential candidate U.S. Sen. Elizabeth Warren, speaks to delegates during the 2019 Massachusetts Democratic Party Convention, Saturday, Sept. 14, 2019, in Springfield, Mass. (AP Photo/Jessica Hill)
NEW YORK, NY - SEPTEMBER 16: US Presidential candidate Senator Elizabeth Warren (D-MA) rally at Washington Square Park in New York, New York on September 16, 2019. Photo Credit: Rainmaker Photo/MediaPunch /IPX
Democratic presidential candidate U.S. Sen. Elizabeth Warren, right, and Massachusetts Attorney General Maura Healey wave to delegates during the 2019 Massachusetts Democratic Party Convention, Saturday, Sept. 14, 2019, in Springfield, Mass. (AP Photo/Jessica Hill)
Democratic presidential candidate U.S. Sen. Elizabeth Warren, reacts after receiving flowers from a supporter during the 2019 Massachusetts Democratic Party Convention, Saturday, Sept. 14, 2019, in Springfield, Mass. (AP Photo/Jessica Hill)
Democratic presidential candidate U.S. Sen. Elizabeth Warren, speaks to delegates during the 2019 Massachusetts Democratic Party Convention, Saturday, Sept. 14, 2019, in Springfield, Mass. (AP Photo/Jessica Hill)
Democratic presidential candidate U.S. Sen. Elizabeth Warren, right, embraces Massachusetts Attorney General Maura Healey before addressing delegates during the 2019 Massachusetts Democratic Party Convention, Saturday, Sept. 14, 2019, in Springfield, Mass. (AP Photo/Jessica Hill)
Elizabeth Warren rally on 16 September 2019, Washington Square Park, Manhattan, New York, USA (Photo credit should read Joel Sheakoski / Barcroft Media via Getty Images)
Elizabeth Warren rally on 16 September 2019, Washington Square Park, Manhattan, New York, USA (Photo credit should read Joel Sheakoski / Barcroft Media / Barcroft Media via Getty Images)
NEW YORK, UNITED STATES - 2019/09/16: Supporters of the Presidential Candidate Elizabeth Warren gather at the Washington Square Park in New York City. (Photo by Preston Ehrler/SOPA Images/LightRocket via Getty Images)
NEW YORK, UNITED STATES - 2019/09/16: Presidential Candidate Elizabeth Warren speaks during a rally at Washington Square Park in New York City. (Photo by Preston Ehrler/SOPA Images/LightRocket via Getty Images)
NEW YORK, UNITED STATES - 2019/09/16: Supporters of the Presidential Candidate Elizabeth Warren gather at the Washington Square Park in New York City. (Photo by Preston Ehrler/SOPA Images/LightRocket via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters cheer for 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) as she takes the stage for a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) to take the stage for a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters stands for the national anthem before 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) takes the stage during a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters listen as 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) to take the stage for a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) arrives for a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: Supporters wait for Senator Elizabeth Warren to arrive at a political rally on September 16, 2019 in Washington Square Park in New York City. (Photo by Andrew Lichtenstein/Corbis via Getty Images)
NEW YORK, NY - SEPTEMBER 16: 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - SEPTEMBER 16: 2020 Democratic presidential candidate Sen. Elizabeth Warren (D-MA) waves to the crowd at the end of a rally in Washington Square Park on September 16, 2019 in New York City. Warren unveiled a sweeping anti-corruption plan earlier on Monday. (Photo by Drew Angerer/Getty Images)
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Meanwhile, Warren’s plans to deal with China trade imbalances could be equally as destabilizing for the U.S. economy and asset markets. Some on Wall Street think a President Warren could be tougher on China than Trump.

“They [institutional investors] are very worried,” former Trump administration official Stephen Pavlick told Yahoo Finance’s The First Trade.

Brian Sozzi is an editor-at-large and co-anchor of The First Trade at Yahoo Finance. Follow him on Twitter @BrianSozzi

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