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Goldman and Morgan Stanley CEOs predict corrections of up to 20%, sparking global selloff
Fortuneยท 2025-11-04 11:36
Stock markets across Asia and Europe fell sharply this morning after the CEOs of Goldman Sachs and Morgan Stanley both said they expect a major correction in the stock markets. They were joined by the chair of UBS, who warned about looming systemic risk in the private credit market. At the same time, two members of the Fed said they were undecided about whether they would deliver another interest rate cut in December.This morning, investors appear to be taking the news to heart. The STOXX Europe 600 fell 1. ...