Goldman Sachs has issued a warning about a high risk of correction in global stock markets, citing a 30% probability of a 10% or greater drawdown in the next three months. This follows a strong two-year market surge that ranks in the 93rd percentile of performance over the past century. Peter Oppenheimer, Goldman’s chief global equity strategist, noted that equities are "priced for perfection" and increasingly vulnerable to corrections due to high valuations, market concentration, and potential economic or earnings disappointments. Goldman recommends diversification and downside protection strategies to mitigate risks. Despite this caution, Wall Street remains broadly optimistic, with projections for the S&P 500 to end 2025 at 6,643, a 12.2% increase from its current level.