US EditionGoldman Sachs, Morgan Stanley warn of a market correction: 'Things run and then they pull back'
CEOs of Goldman Sachs and Morgan Stanley cited stretched valuations and bubble concerns amid AI-driven highs, predicting a 10-20% market correction within 12 to 24 months.
- Goldman Sachs and Morgan Stanley have warned investors to brace for a 10 to 20% drawdown in equity markets within the next 12 to 24 months.
- Global markets have been soaring, hitting record highs this year, driven by AI-linked gains and expectations of rate cuts.
- Markets have largely brushed aside concerns about inflation, elevated interest rates, policy uncertainty and the ongoing federal government shutdown.
31 Articles
31 Articles
Why did US markets crash? $730 billion wiped out
All three major U.S. stock indexes slid well into negative territory after the CEOs of Morgan Stanley and Goldman Sachs stoked fears of a potential market bubble, with the S&P 500 having climbed to a series of all-time highs, largely powered by the artificial intelligence boom.
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
NEW YORK: US stocks closed sharply lower on Tuesday (Nov 4) as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations. All three major US stock indexes slid well into negative territory after the CEOs of Morgan Stanley and Goldman Sachs
Wall Street's top three indices are dyed red and the Ipsa ended its upward streak.
Dow falls 450 points as Goldman Sachs, Morgan Stanley CEOs share warning after AI boom
US stocks fell Tuesday as top brass at Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have been overvalued.
Futures Tumble After Wall St Banks Warn of Market Pullback
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