Wall Street executives warn that U.S. stocks may correct by more than 10% in the future

According to Jin Ten, several CEOs of major Wall Street investment banks have stated that investors should prepare for a potential adjustment of over 10% in the stock market within the next 12 to 24 months, emphasizing that such pullbacks are not necessarily a bad thing. Mike Gitlin, President and CEO of Capital Group, pointed out that corporate earnings remain strong, but "valuation is the current challenge." Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon also expressed similar views, believing that a significant pullback may occur in the future, and that such declines are a common phenomenon in market cycles. Solomon mentioned that technology stock valuations are quite full, but the overall market is not.