Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon warned that a market correction is likely, even as they remain positive on the overall cycle. Speaking at Hong Kong’s Global Financial Leaders’ Investment Summit, they said equity indices could experience a 10–20% drawdown within 12–24 months. While the S&P 500 has risen more than 15% this year following steady gains since April, the executives noted that elevated technology valuations and the strong run in preci