Wall Street CEOs predict major market correction in next 2 years
Top Wall Street CEOs are expecting a major market correction in the next year or two, with stock drops of over 10% on the table.
Morgan Stanley CEO Ted Pick pointed to risks from US policy missteps and global tensions, while Capital Group's Mike Gitlin flagged that stocks look pricey—even though company earnings are strong.
Pick says corrections are just part of how markets work
Pick says these corrections are just part of how markets work, and Goldman Sachs's David Solomon suggests it's better to stay invested than try to guess the perfect moment to buy or sell.
Gitlin thinks valuations aren't exactly cheap right now, and by 2026, Pick expects stronger companies will stand out more as investors focus on real earnings.
Solomon also reminds everyone that even during good times, dips happen—and they can be a smart moment to rethink your strategy without panicking.