00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wall Street chief executive said investors should brace for an equity market drop of
00:06more than 10% in the next 12 to 24 months and that such a correction may be a positive
00:10development according to Bloomberg.
00:12Mike Gitlin of Capital Group said corporate earnings remain strong and high valuations
00:16present challenges for investors.
00:18Mike Gitlin said most investors view stocks and credit spreads as fairly to fully value
00:22rather than cheap.
00:23Morgan Stanley's Ted Pick and Goldman Sachs' David Sullivan agreed that a major market
00:27sell-off is possible in a normal part of market cycles.
00:30Big said market risks have narrowed despite policy and geopolitical concerns, predicting
00:35wider performance caps and healthy pullbacks ahead.
00:37The S&P 500 and NASDAQ 100 are trading well above historical averages, with tech futures
00:42falling as investors grow wary of stretch valuations.
00:45For all things money, visit Benzinga.com.
