CEOs of Morgan Stanley and Goldman Sachs caution about potential equity market drawdowns due to high valuations, as S&P 500 hits record highs, recalling dot-com boom. Wall Street futures fall, VIX near two-week high. Dow E-minis down 0.75%, S&P 500 E-minis down 1.09%, Nasdaq 100 E-minis down 1.37%. JPMorgan Chase’s CEO Jamie Dimon warns of significant market correction within next two years. Bridgewater Associates’ co-chief investment officers highlight mounting risks. Surge in generative AI enthusiasm sparks bubble concerns, with tech giants expected to spend over $2.8 trillion by 2029. OpenAI signs $38 billion deal with Amazon, but analysts note differences between current AI boom and dot-com bubble.

Read more at Yahoo Finance: Goldman, Morgan Stanley CEOs warn of pullback in global equity markets