CEO Optimism Turning a Corner?

From the desk of Matt Mondoux, CFA, CMT, CFP®

Confidence levels among U.S. CEOs are beginning to show signs of bottoming out. According to Business Roundtable’s quarterly business sentiment survey, after 9 straight quarters of decreasing optimism, the Q3 2020 survey shows signs of improvement. Expectations amongst CEOs surveyed increased across the board relating to sales, capital spending and hiring over the next 6 months. Whether or not this translates to meaningful economic growth remains to be seen – but the fact that CEOs are beginning to feel more optimistic in the midst of a recession with no concrete plan for a vaccine rollout and an uncertain political environment has to be worth something, right?