Conference Board survey finds 93% of CEOs are preparing for a recession in the next 12 to 18 months

Per CNBC

A recent survey by The Conference Board revealed that the majority of CEOs were already preparing for a recession, with only less than 10% of them doing otherwise. It was noted that the CEO's preparations were for a recession that could happen over the next 12 to 18 months.

Dana M. Peterson, The Conference Board's CEO Dana M. Peterson, gave a statement regarding how the confidence of CEOs started to go down in the second quarter of the year.

Peterson: “After improving sharply to start the year, CEO confidence ticked down slightly in Q2 and remains firmly in negative territory,”

The chief economist noted that 55% of CEOs said that general economic conditions were worse compared to how they were six months ago. It was noted that 56% of CEOs said that they expect general economic conditions to also spiral downward in the next six months.

40% of CEOs reportedly expect worse conditions for the industry that they are in. Roger W. Ferguson Jr., Vice Chairman of The Business Council and a company Trustee, gave a statement regarding how most things stayed the same for CEOs in the second quarter.

Ferguson: “Even as dramatic bank failures stoked fears of systemic breakdown, CEOs remain nearly unanimous in expecting a short and shallow US recession ahead, with just 6% preparing for a deeper downturn with major global spillovers."

In February, it was noted that CEOs with MBAs reportedly just cut wages instead of improving sales and productivity. This came from a study by NBER which revealed that MBA-holding CEOs were more likely to just cut wages and revenue share towards labor.

In other news, it was revealed toward the end of April that 41 women are now running more S&P 500 companies than the number of CEOs named John. This was a result of a study by Stanford University economics doctoral student Lauren Harris.

See flow at unusualwhales.com/flow.

Other News:

Resources:

CNBC

The Conference Board

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.