Maybe it's because jobless claims just hit a 14-year low. Maybe it's because the unemployment rate is below 6 percent. Maybe it's because U.S. consumer confidence is at a seven-year high. Maybe it's because S&P 500 Index earnings are projected to grow 6 percent for the third quarter of 2014.
For whatever reason, U.S. CEOs have not been shaken by the recent global equity market selloff and remain optimistic about the U.S. economic outlook.
—By Alan Zafran, senior managing director, First Republic Investment Management and a member of the CNBC-YPO Chief Executive Network
The U.S. portion of the YPO Global Pulse index is based on a survey conducted among more than 1,000 U.S. CEOs during the first two weeks in October regarding the pace of their companies' sales, hiring plans and capital expenditures, both in the most recent quarter and prospectively over the next year.
CNBC and YPO (Young Presidents' Organization) have formed an exclusive editorial partnership consisting of regional Chief Executive Networks in the Americas, EMEA and Asia-Pacific. These Chief Executive Networks are made up of a sample of YPO's unrivaled global network of 20,000 top executives from 120 countries who are on the front lines of the economy. The opinions of Chief Executive Network members are solely their own and do not reflect the opinions of YPO as a whole or CNBC.