Reported about 6 hours ago
Wall Street's top executives anticipate a market correction of over 10% in the next 12 to 24 months due to high valuations, despite strong corporate earnings. They emphasize that pullbacks are a natural part of market cycles and could lead to healthier market conditions, as indicated by various CEOs including Mike Gitlin, Ted Pick, and David Solomon during a financial summit. The S&P 500 and Nasdaq 100 are noted to be trading at elevated multiples compared to historical averages, raising concerns among investors.
Source: YAHOO