Big number. 
Welcome to the Know the Difference Minute for Wednesday, December 7th. 
Late last month, a Business Roundtable survey showed companies still have healthy plans for sales growth and capital spending. That survey data was more indicative of a slowdown in growth rather than outright economic contraction. 
More sobering numbers arrived today with the release of The Conference Board Measure of CEO Confidence. It found 98% of CEOs surveyed indicated they were preparing for a US recession in the next 12 to 18 months. CEO confidence is the lowest since the Great Recession of 08-09.
Besides wondering who the 2% aren’t that aren’t preparing—there are some slivers of hope. 85% of CEOs are only expecting a brief and shallow recession. 
What about interest rates?  50 basis points –or do they stick with another 75-basis point jump? We’re one week from the next Fed meeting. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.