Two-thirds of these corporate insiders now expect a U.S. recession by the end of 2020

Mark Hulbert
Two-thirds of these corporate insiders now expect a U.S. recession by the end of 2020

Corporate America’s chief financial officers have become significantly more pessimistic over the past three months about business conditions, and this has worrisome implications for both the U.S. economy and the stock market. When asked to rate their optimism about the economy on a zero-to-100 scale, with 100 being the most optimistic, CFOs’ responses averaged 62.6. This latest CFO Optimism Index read is the lowest reading in three years.