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Wall Street Bigwigs Are Talking About a Big Pullback in Stocks. Should You Be Worried?
Investopediaยท2025-11-04 19:45

David Solomon, CEO of Goldman Sachs, during the Global Financial Leaders' Investment Summit in Hong Kong. Lam Yik / Bloomberg via Getty Images Close Key Takeaways Some big Wall Street bosses see a stock pullback coming. That doesn't mean they're panicking. Goldman Sachs CEO David Solomon and Ted Pick, of Morgan Stanley, spoke Tuesday during a panel in Hong Kong. Solomon said a 10% to 20% drawdown in equity markets was "likely" in the "next 12 to 24 months," while Pick suggested that investors should "welcom ...