CFO sentiment can sometimes be a helpful indicator of looming market sell-offs.
Going further back, CFO sentiment was also relatively accurate in warning of the 2008 financial crisis: According to Duke’s
, optimism had plunged to a record low by September 2017—with pessimistic CFOs outnumbering optimists by around four-to-one.It’s important to remember that CFO sentiment, which helps give insight into business and consumer spending, is primarily an indicator of economic activity—rather than stock market behavior.
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