CFO uncertainty rises more than any other top concern during Q1

Group 1 - The Iran war has created significant uncertainty in the business outlook, particularly affecting energy supply chains and commodity prices [3][4] - Oil and gas prices have surged due to disruptions linked to the Middle East, contributing to increased financial market volatility [3][5] - The Cboe Volatility Index (VIX) has reached its highest level since April 2025, indicating heightened market instability [3][4] Group 2 - The yield on the 10-year Treasury note has increased from 3.97% to 4.32%, reflecting rising borrowing costs and bond market volatility [4] - Concerns among investors include an unsustainable American fiscal position, rising inflation risks, and uncertainty related to the ongoing war [4][6] - The Merrill Lynch Option Volatility Estimate (MOVE Index) has surpassed its 52-week average, signaling potential financial market disruptions [5][6] Group 3 - CFOs have reported a rise in uncertainty as a major concern, despite a slight increase in economic optimism compared to the previous quarter [7] - Tariffs and trade policy are the primary concerns for CFOs, followed by labor quality and demand, with uncertainty being the only major concern that increased from the previous quarter [7] - Most firms anticipate an increase in demand over the next 12 months and are continuing to hire, primarily for replacement positions rather than new roles [7]