Morgan Stanley CEO warned about global markets.

Morgan Stanley's CEO Warned of Market Correction

Morgan Stanley CEO Ted Pick warned on Tuesday that global stock markets could enter a correction phase. Speaking at the Global Financial Leaders Investment Summit held in Hong Kong, Pick emphasized that investors should be prepared for potential downward movements.

Pick stated, "We need to accept that a correction of between 10% to 15% in the markets is possible. We must acknowledge this without associating it with a macroeconomic collapse," he said. This statement points to an important consideration for global investors.