RE: Results on the horizon4 Nov 2025 12:11
Market Sentiment Has Changed.m, Morgan Stanley & Goldman Sachs. That’s Driving Markets Lower. "We should welcome the possibility that there would be drawdowns-CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.
Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and evoking memories of the dot-com boom., 10% to 15%, that are not driven by some sort of macro cliff effect," Morgan Stanley CEO Ted Pick said at the Global Financial Leaders’ Investment Summit in Hong Kong.
Markets have so far largely brushed aside concerns about inflation, elevated interest rates, policy uncertainty from shifting trade dynamics and the ongoing federal government shutdown, now in its fifth week.
"When you have these cycles, things can run for a period of time. But there are things that will change sentiment and will create drawdowns, or change the perspective on the growth trajectory, and none of us are smart enough to see them until they actually occur," Goldman CEO David Solomon said at the summit.