Reported about 6 hours ago
Goldman Sachs' CEO David Solomon and Morgan Stanley's Ted Pick have warned about a likely stock market correction of 10% to 20% within the next one to two years, citing high valuations and concerns over an AI bubble. Despite this caution, they remain optimistic about the market's outlook and advise investors to stay invested and review their portfolio allocations. While recent market fluctuations reflect investor anxiety, they believe the environment for stocks remains constructive, with positive fiscal policies supporting growth.
Source: YAHOO