Goldman Sachs and Morgan Stanley expect a decline of 10-20% in stock markets in 2026-2027. This was reported by the American TV channel CNBC.
According to Goldman Sachs CEO David Solomon, such declines are considered a typical feature of long-term “bull” markets. Speaking at an investment summit in Hong Kong, he emphasized: “Investments grow first and then decline, which gives investors an opportunity to review the process.”
Morgan Stanley head Ted Pick expressed a similar opinion. He urged investors not to view such cyclical declines negatively.
In his view, such trends reflect healthy market development and are not a sign of crisis. Currently, global stocks are recording significant growth due to interest in artificial intelligence.
According to CNBC, over the past month, Japan's Nikkei 225 and South Korea's Kospi indexes reached record highs. Meanwhile, China's Shanghai Composite index has hit its highest level in the last decade.
Goldman Sachs and Morgan Stanley predict that the Asian region will be one of the main areas of growth in the coming years. According to Goldman Sachs, investors will continue to show interest in China, which is one of the world's largest economies.
