- Analytics
- News and Tools
- Market News
- Recession likely in H1 2023, Dow seen below 30,000 – CNBC CFO survey
Recession likely in H1 2023, Dow seen below 30,000 – CNBC CFO survey
According to the CNBC CFO Council Survey, an incoming recession is more likely in the first of the next year amid persistently high inflation, which could down the Dow Jones Industrial Average below the 30,000 level.
Key findings
“Over 40% of chief financial officers cite inflation as the No. 1 external risk to their business, and going deeper into the results from the Q2 survey.”
“Almost one-quarter (23%) of CFOs cite Federal Reserve policy as the biggest risk factor.”
“Additional CFOs cited supply chain disruptions (14%) and the Russia-Ukraine war specifically as their No. 1 business risk.”
“68% of CFOs responding to the survey, predict a recession will occur during the first half of 2023.“
“The 10-year Treasury, which has already doubled this year to roughly 3%, is expected to flirt with 4% by the end of 2022, according to 41% of CFOs. An equal percentage of CFOs expect the 10-year to rise to no higher than 3.49% by year-end.”
“77% of CFOs expect the Dow Jones Industrial Average to fall below 30,000 before ever setting a new high, which would represent a decline of over 9% from its current level, and would represent an 18% decline from its 2022 high.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
