Just over half of global CFOs surveyed by CNBC expect the Dow to fall back below 19,000 before it is able to reach a new stock market high.
A major U.S. consumer demand slump was cited by many respondents to the Q2 CNBC Global CFO Council survey. But there are stock market bulls, especially among U.S.-based CFOs, with roughly one-third saying the market can reach a new record level without experiencing the double dip that has many investors worried.
Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York.Chief financial officers of major corporations around the globe are more likely to believe thewill retest its coronavirus crash level, below 19,000, before reaching another stock market record high above 29,000, according to the second quarter 2020 CNBC Global CFO Council Survey.
Only 22% of global CFOs expect the Dow to reach a new record high without first experiencing another major decline, while 51% of CFOs are betting that the Dow is headed back below 19,000. The bleakest outlook comes from CFOs in the EMEA region, where only 10% of CFOs believe the Dow is headed for another record. That's versus 70% of EMEA chief financial officers who see another big drop in U.S. stocks ahead.
The same CFO’s that are so terrible at timing stock buybacks?
🙄🤦🏻♂️👎😡🤬
This is hugely bullish. S&P by 5000 by year end thanks to fed and bearish positioning
We've had a week of civil unrest and the stock market is still up. Perhaps these 51% of CFO's need to reevaluate their projections.
It’s obvious all institutions are on a plan for another selloff. It would be nice to know when.
The Fed won't let that happened
Law and order will happen when all Americans get NESARA. AGAIN AND AGAIN WAKL STREETS BANKS CORPORATE AMERICA GETS BAILED OUT. AMERICANS STARVING. TIME FOR ALL AMERICANS DEBTS NOW GET FOREVER FORGIVEN. GOD SAID. NESARA LAW. THIS WILL NOT GET BETTER PEOPLE. REVOLUTION STARTS
Of course, retirement funds that have been used to pump Markets are Tapering with unemployment. The FED prints new money to extend and pretend while the rich keep profits.
Stay put and watch.
So a coin flip
B*llshit, back to all time highs
they appear to have forgotten about the Fed's $5 trillion energy drink
Bullish.
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