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Global Equity Giants Caution Markets Could See 10–15% Draw-down
Morgan Stanley and Goldman Sachs chiefs urge caution as global equity valuations may face a 10–15% pull-back.
Top executives from Morgan Stanley and Goldman Sachs warned investors at the Global Financial Leaders’ Summit that global equity valuations are elevated and not insulated from a correction. Morgan Stanley’s CEO estimated a market draw-down of 10 to 15 % could occur even without a major macro shock, while Goldman’s CEO stressed that shifts in sentiment and over-reliance on AI could trigger unexpected declines. The remarks reflect growing caution amid strong equity performance and macro uncertainty.