It's been a volatile start to the year for markets and David Solomon, co-head of the Investment Banking Division at Goldman Sachs, told CNBC that he was watching markets day-to-day to see how the situation pans out.
"Everybody is watching (markets) and trying to understand what's going on. I'd like to watch the market a little bit more and watch how things develop and unfold before making a stronger statement," he told CNBC on the sidelines of the World Economic Forum (WEF) in Davos on Friday.
Current market volatility has been largely attributed to concerns over low oil prices, the U.S. outlook and a possible China hard landing. Asked whether markets were over-reacting to these concerns, Solomon was cautious.