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Macro

CEO resilience: breadth is the issue

59 is the resilience print: The Conference Board's CHRO Confidence Index hit 59 in Q1 2026, with nearly 6 in 10 HR chiefs planning to increase hiring over the next six months conference-board.org. But the breadth is the issue. The WSJ/Vistage Small Business CEO Confidence Index fell 7.7 points in April to 83.4 as rising energy costs and tariff volatility reshaped planning assumptions vistage.com. That split is the meaningful read-through on the 'resilience' headline: larger employers are still talking hiring and adaptation, while smaller firms are still talking delayed decisions, squeezed margins, and less visibility. CNBC's CEO gathering put it plainly, with 'energy security' back at the center of the discussion cnbc.com. Analysts watching the resilience narrative may note that it fits scale, balance-sheet room, and operating flexibility better than a broad all-clear on growth. If upcoming CEO surveys strengthen across firm sizes, the resilience thesis broadens; if small-business confidence slips again, 'resilience' starts to look less like expansion and more like insulation.