CEO Sentiment Is Slowly Improving in 2024

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After a volatile 2023, CEO confidence seems to be rebounding in 2024. The Late Earnings Report Index (LERI) ended the Q4 2023 earnings season with a post-peak reading of 99, the lowest in a year, indicating that the unwarranted skepticism that built up throughout 2023 was starting to dissipate. Other metrics of CEO sentiment, such as the CEO Economic Index published by Business Roundtable and the Conference Board's Measure of CEO Confidence, also showed improvements. A recent Bank of America survey revealed that Wall Street's optimism is at its highest level since January 2022, with over 90% of participants believing the Fed is done raising interest rates. The trend will be monitored during the first-quarter 2024 earnings season, with the next reading of the pre-peak LERI to be published on April 14.

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https://finance.yahoo.com/news/ceo-sentiment-slowly-improving-2024-171106704.html