What wall street would like to see in terms of midterm elections

Welcome back in today's Dollars and Cents. This week has been very busy for Wall Street. We've had a lot of corporate earnings, the Fed meeting. Now investors are looking toward the midterm elections. Joining us now, financial advisor Chris Markowski. Good morning, Chris. Good morning. What do you think Wall Street is looking for in the midterm elections? Politics and corporations. It doesn't matter, quite frankly, um who's in the white house uh it really doesn't i mean you could go back um you know i remember Barack Obama uh became president and he had all of the corporate heads come in it's during the financial crisis again you tie into whoever's in power um it's actually a bit of an investing strategy warren buffett talked about it and i talk about it often on my program it's called regulatory capture. It's where big businesses, they watch them, see who's saddling up with who's in power, whatever it may be, and then you end up becoming too big to fail. Wall Street as a whole, the economy as a whole, kind of likes it when you have a government that is not all going in one direction, a divided government. So you have Congress either being Democrat, Republican, and the presidency being a different direction, that type of stalemate they like, because there's not a lot going to be done. So they can go ahead and do business. If that's what we're going to have moving forward, I think Wall Street will be happy about that. Okay. Yeah, it seems like maybe checks and balances, but also not a lot of agreement. And it also sounds like if you can't beat them, join them, right? A lot of people were very frustrated by all the tech leaders standing there side by side with the president. um but i guess if you can't beat them join them those might be the companies you invest in because they're getting things done my company i'm not a publicly traded company i could never do it because i could never do that i get it though i mean the CEOs of major corporations they have a fiduciary duty to their shareholders and if that involves them going to the White House and having to basically kiss the ring whoever's in power that's what they have to do that's the job you've taken on as CEO of any major corporation. People get upset about it, but do you think it'd be any different if Kamala Harris was in the White House? No, they're going to have to do the same exact thing, try to curry favor. I like building on what you said yesterday. It sounds like you were raised in the same kind of household as me. If you have something to complain about, then do something about it, right? Get out and vote. It sounds like we might have a good voter turnout because people are really upset about the economy and the high prices we're paying. there's no there's no doubt about that at all i mean i'm in a very uh red state and i'm gonna be honest with you i'm sad to see our governor go because what he has done in his period of time here and lowering debt and a myriad of different things but people are none too happy uh right now about the current predicament they're not too happy that the diesel prices is what they're paying at the grocery store and all these things and they keep saying okay you know when is this going to end we keep being told the same thing over and over again and i get it i understand completely uh people's frustration out there and from early vote counts um overwhelmingly at least in my state i haven't checked what it's it's like out there in California it's been very very strong for the Democrats here in the state of Florida well opposite ends of the country even opposite ends of the political parties and beliefs uh everybody has the same complaint right we're paying too much for things so uh we'll see what happens Chris thank you for weighing in we Appreciate it. You got it. Have a great day. You too.