Corporate executives typically have confidence in their stocks, but right now the view from chief financial officers about the next major move in the Dow Jones Industrial Average is telling. U.S. CFOs lack conviction on current stock market value, according to the CNBC Global CFO Council survey for the third quarter 2019.
U.S.-based CFOs are most likely to say they are uncertain about the near-term future of the Dow Jones Industrial Average, according to the CNBC Global CFO Council survey for the third quarter 2019.
The survey period predated the drone attacks on the Saudi oil-processing facility in Abqaiq on Saturday, which knocked out 50% of Saudi Arabia's crude oil production. A survey of chief financial officers in the U.S. and around the world shows stock sentiment from within the C-suite as being far from confident. And that's a nice way of putting it.
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