The recession will hit in the first half of 2023 and the Dow is headed lower: CNBC CFO survey

[SugarDaddy1]

Amid high inflation that has become the No. 1 business risk, not a single chief financial officer surveyed by CNBC thinks a recession can be avoided.

The macroeconomic view of CFOs informs a bearish stock market outlook, with most expecting the Dow Jones Industrial Average to fall to 30,000 before reaching a new high, which would represent a decline of 9% from its current level and an 18% decline from its 2022 high.

The CNBC CFO Council Survey is a sample of views from the C-suite at top corporations and organizations, with this quarter’s survey including responses from 22 CFOs.

https://www.cnbc.com/2022/06/09/rec...t-half-2023-the-dow-is-headed-lower-cfos.html

 

[ll74]

Oh look...more economist's predictions.

I remember all the other things they've gotten right.

 

[techiedude71]

Funny that CNBC contradicts themselves constantly.

I’m not sure if anyone is aware but very few people on the street pay attention to CNBC. It’s for everyone else. What does that tell you?