CFO Confidence, Bond Market Volatility Eases, Holding Patterns in Key Trades

This week in the podcast, we run through the most interesting things that crossed our desk last week which felt like one in which the equity community collectively exhaled. Two big things you need to know:

• First, according to the latest Duke CFO survey, the C suite was were becoming more optimistic before SVB and was looking ahead of 2024 as a recovery year, while expectations for sources of inflation were dimming.
• Second, things that jumped out from our high-frequency indicators last week include the decline in bond market volatility off highs consistent with past bottoms in the stock market and the stabilization of performance for banks and small caps, which suggest to us that sentiment may be starting to heal. Both are good signals for the stock market.