A small replica of the charging bull statue is seen on July 11, 2025 in a street trading floor outside the New York Stock Exchange.
Jenah Moon | Reuters
Global markets may have to deal with reality after this year’s ski rally, as Goldman Sachs and Morgan Stanley said on Tuesday that investors will try to achieve the next two years.
Equity in the world has risenThis year’s record high was driven by AI-related gains and rate cuts. Major US indexes hit new highs last month, Japan’s Nikkei 225, Japan’s Nikkei 225 and South Korea’s Kospi hit new highs, while China’s Shanghai Composite hit its strongest level in a decade on US-China tensions and withdrawals.
“It’s 10 to 20% to equity,” and 10 to 20% over the next 12 to 24 months, Goldman said at an investment summit of global financial leaders in Hong Kong. “Everyone runs, and then they can convince again.”
However, Suleyman noted that such changes were a normal feature of long-term bull markets, which the investment bank’s regular advice to clients is not trying to look at the portfolio, rather than trying to look at the portfolio.
“10 to 15%” is common even with positive market vectors, he said. “It’s not your fundamentals that change, it’s not your structural beliefs, it’s your structural beliefs, how you allocate capital.”
Morgan Stanley CEO Ted, who could speak on the same panel, said investors should call for healthy developments rather than signs of a crisis.
“We also have to welcome the possibility that 10% to 15% of the macro-rock is exposed.
Solomon’s and Chosen’s views come after the last remarks perhaps through the IOC about a sharp correctiontake Federal Reserve Chair Jerome Powell Bank of England banker Andrew Bailey also warns of inflationary stocks.
Bright places in Asia
Goldman Sachs and Morgan Stanley have cited Asia as a bright spot in recent years, including the bright story behind the US-China trade pact. Goldman expects global capital investors to be interested in China, which is “one of the largest and most important economies” in the world.
Morgan Stanley has remained strong in Hong Kong, China, Japan and India thanks to its exceptional growth history. Japan’s corporate governance reform and India’s infrastructure build are perennial investment themes.
“Three broad narratives, not the upheavals of Hong Kong, China, Japan and India, but the whole story of global Asia,” said Ted. He highlighted the Moon, EV and Biotech sectors in China.