Goldman Sachs CEO offers timeline for potential market correction

Group 1 - Goldman Sachs CEO David Solomon warns of a potential correction in global equity markets within the next 12 to 24 months due to market overextension and the cyclical nature of markets [1][3] - Solomon highlights the historical trend where periods of intense technological acceleration, such as the current boom in artificial intelligence, often lead to market overextension and subsequent corrections [1][3] - The surge in capital formation and the rapid creation of new companies around transformative technologies typically results in both "winners and losers," drawing parallels to the early internet era [2] Group 2 - Despite the potential for short-term volatility, the long-term outlook remains positive, with ongoing technological innovation driving opportunities for enterprise growth and productivity [4] - Solomon emphasizes that the current cycle, driven by AI and digital transformation, could mirror past dynamics where only a few companies successfully emerge from a tech rally [2][3]