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Goldman Sachs, Morgan Stanley Warn of Market Pullback Ahead

11/5/2025

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Summary

Story summary

Goldman Sachs and Morgan Stanley warn of a 10-20% drawdown in the next 12-24 months after AI-led gains.
Executives of Goldman Sachs and Morgan Stanley say pullbacks are normal in bull markets and urge investors to stay invested.
The United States government shutdown is at 35 days, heightening concern.
Despite the warnings, the firms remain optimistic about Asia’s growth, particularly China, Japan, and India, citing trade agreements and sector potential.

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Story summary

Goldman Sachs and Morgan Stanley warn of a 10-20% drawdown in the next 12-24 months after AI-led gains.
Executives of Goldman Sachs and Morgan Stanley say pullbacks are normal in bull markets and urge investors to stay invested.
The United States government shutdown is at 35 days, heightening concern.
Despite the warnings, the firms remain optimistic about Asia’s growth, particularly China, Japan, and India, citing trade agreements and sector potential.