Goldman Sachs CEO David Solomon said the US economy remains in solid shape and that he expects momentum to continue into next year, though he’s keeping an eye on inflation and the labour market.
Speaking to Bloomberg TV, Solomon said he isn’t losing sleep over the ongoing bull market but warned that investor complacency and rapid risk-taking could lead to a correction within the next year or two.
He compared current enthusiasm over artificial intelligence to the dot-com boom, saying AI will create both “winners and losers.” While acknowledging that some AI investments may not deliver returns, he noted that such overexuberance is typical during major technology cycles.
Solomon added that markets tend to run ahead of technological potential during periods of intense innovation, and he would not be surprised to see a moderate equity pullback after such a strong rally.
Goldman CEO sees complacency risk amid AI rally - warns a broad equity pullback on the way
- ICYMI - Goldman’s Solomon warns AI exuberance could spark market correction. He compared today’s optimism over artificial intelligence to the dot-com era, noting that such cycles always produce both big winners and painful setbacks.
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