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Brinker Capital vice chairman John Coyne argues advisors think Romney is the better candidate for the markets.
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Well thank you.
A peso since President Obama took office in January 2009 the S&P 500 is up about 60% did you realize that well any study is.
Showing that despite the rising stock market a majority of investors and their advisors are not feeling too confident.
In the US economy for years after the president entered the White House.
-- -- -- study is John -- vice chairman of the thirteen billion dollar money management firm Brinker capital welcome back to the showtime.
Thank you -- it's good to be here so this survey -- is that is among financial advisors getting their opinion specifically on political issues and they take away at least from what I'm seeing is that most would actually prefer a Romney administration do you agree and why is that.
Well I think that they feel -- in an economic Malays.
If you look at the statistics basically they're saying.
Over 40% of the advisors feel that their clients are doing a little bit better and -- almost equal amount of advisors feel their clients are doing a little bit worse.
You know you can imagine something very interesting about the 60% I I go around the country and I -- -- bring that up with advisors -- bring -- up with investors' -- that.
Yeah the market's up almost 60% -- saw the last four years do you feel.
Do you feel that -- I would say -- advisors do not.
88%.
Of all advisors.
Are saying that the number one issue is the economy and -- feel an equal number.
That Romney is the person who's going to be able to deliver on the continuation of the bush to bush tax cuts.
Which could help us avoid the fiscal -- -- -- I do also but.
-- -- -- finishing up there to joining -- when that statement.
Well I was just gonna say I think that that 88% just to give you -- sense.
Four years ago and we did the same survey 20%.
Cited the economy.
Almost 50% cited energy policy.
So these financial advisors are representing wealthier Americans though.
What would you say they take away would be if it were a more broad spectrum -- income earners.
Well I think that when you think about the affluent and that that's really who the advisor as an advocate for.
-- these are people that help to stimulate the economy this is you know I've been talking about the last few days that the other big story.
Is the sandy stealth stimulus.
And I think that you know advisors want to be able to see.
-- all of the damage sixty million people impacted there's a lot of television sets and automobiles and housing and all these things that are going to be impacted.
In terms of purchasing.
If your -- -- those people that -- have that ability.
If you take -- away that stimulus.
It is gonna have an impact on the economy.
So do you understand though why some people will look at the survey Jain and -- playing devil's advocate here its and we know it's it's really skewed and -- -- has always had.
-- 1% if you will vote so is there anything to take away in terms of what tax policy should look like across the board specifically corporate taxes even.
In that respect to really get the economy and that you know work in the jobless crisis as well going again.
I think so 70% of the respondents.
Said that we need to see a cut in corporate taxes now we both know.
Todd at both candidates are proposing this.
I think the key is going to be how well they do in getting rid of the loopholes that really had made and on balance Plainfield.
We know from corporate surveys are corporations aren't arguing about changes in the tax code is that affects corporations they're saying give us a number.
John not only got a couple of seconds do you think that governor Romney can -- tomorrow.
Well thought in my business advice it says this is is far better than opinion so we're gonna.
Keep that one north sells right now but I certainly do think it's going to be an exciting race -- I think that will have.
Unemployment exhibiting -- -- winner though heck I -- that's the other question.
You know thought I would say 32 years ago is the last time that we saw game changing -- election like this alright John quite thanks so much for your time.
