On CNBC's "Halftime Report," McConkey contended that the climate was positive for stocks.
"I think that we've got some strong economic tail winds," he said. "In the equity environment that we're in now we've got strong earnings. We've got declining energy costs … we've got worldwide central bank intervention. So, why fight the tape in that scenario?"
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McConkey, a former U.S. Navy helicopter pilot and professional football player, also said on Veterans Day that lawmakers could do more to honor members of the military.
"I would propose some harmony in Washington," he said. "Let's have the president, Congress come together, agree on something by lowering the tax rate, maybe down to 15 or 20 percent, with the stipulation that the companies be required to reinvest those savings back into their company, specifically for job creation. And a majority of those jobs would be required to go to returning veterans."