Wall Street giants give synchronized warnings: Prepare to face a pullback in the US stock market.

Several top Wall Street stock market forecasters have collectively issued warnings, reminding clients to prepare for a market correction and pointing out the conflict between high stock valuations and weakening economic data. On Monday, Morgan Stanley, Deutsche Bank, and Evercore ISI all warned that the S&P 500 index could experience a short-term pullback in the coming weeks to months. The index had surged to record highs after a strong rebound from its April lows. Morgan Stanley strategist Mike Wilson expects a correction of up to 10% this quarter, citing the impact of tariffs on consumers and corporate balance sheets. Evercore's Julian Emanuel predicts the S&P 500 index could fall by as much as 15%. Deutsche Bank's team led by Parag Thatte points out that after three months of continuous growth in the stock market, a slight decline should have occurred by now. Wilson stated in a report to clients, "In recent weeks, we have observed that investors should expect a modest pullback in the third quarter."