The economy tops the list of voter concerns in the lead-up to the U.S. presidential election, followed by market performance and fiscal spending, according to a recent TD Ameritrade investor sentiment poll.
Retail investors named those three issues as weighing the heaviest on their confidence in the stock market today, according to the TD Ameritrade Holding Corp. Investor Sentiment Poll released last Thursday.
“How much of an election barometer are investors? Consider that 94% of investors surveyed said they voted in the 2008 presidential election,” according to the poll release. “That compares to the total voter turnout of just 64% [estimated by the U.S. Census Bureau]. The same number of investors said they will vote again in 2012.”
Bill Clinton’s successful 1992 presidential campaign owed in part to his “It’s the economy, stupid” strategy, which focused on incumbent George H.W. Bush’s inability to pull the nation out of recession. TD Ameritrade’s online survey of 1,089 investors with at least $10,000 in investable assets, which was conducted by the independent data collection firm Research Now, suggests that voters’ view of the economy will once again determine the outcome of the election pitting President Obama against Mitt Romney.