Trump is going to get 'trounced' in the midterms — and knows it, Anthony Scaramucci tells CNBC

Former White House communications director Anthony Scaramucci told CNBC that President Trump is likely to suffer a heavy defeat in the midterm elections and is aware of it. The headline reflects a political forecast rather than a policy action, so its transmission to markets runs mainly through expectations about the composition of Congress, which shapes the likelihood of enacted tariffs, fiscal legislation, and regulatory changes. A widely expected shift toward divided government typically compresses the probability of sweeping legislative agendas, which can lower the policy-risk premium for sectors most sensitive to trade and regulatory outcomes, while raising it for others. The asset most directly referenced is the TRUMP meme token, whose price tends to respond to political sentiment and attention rather than to fundamentals, making it highly exposed to shifts in headline-driven speculation. Traders should watch the next generic ballot polling and the late-cycle forecast updates from major election analysts, as well as the broader sentiment indicators in crypto markets for any confirmation of this repricing.

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