Goldman Sachs CEO predicts 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, attributing this to market cycles and the current boom in emerging technologies like artificial intelligence [1][3] - Solomon emphasizes that the surge in capital formation and the rapid creation of new companies around transformative technologies typically lead to both "winners and losers," drawing parallels to the early internet era [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] Group 2 - Solomon notes that historical patterns suggest periods of intense technological acceleration often result in market overextension, indicating a similar dynamic may occur in the current cycle driven by AI and digital transformation [3] - He highlights that while optimism exists regarding long-term innovation trends, the market's current state appears stretched, making a drawdown not surprising [1][3]