<div id="readability-page-1">Trade growth slows: The WTO reports that global goods trade growth may be losing momentum despite strong demand for AI-related components. Market correction risk: Tom Lee foresees a three-phase market cycle with a near-term correction driven by energy shocks, Fed leadership change, and major IPOs. Long-term stagnation threat: Gary Shilling and Cem Karsan warn of possible deep corrections or decade-long real return losses if high valuations and inflation persist.</div>

<p>专家警告称，随着世界贸易组织的数据表明全球贸易增长放缓，市场即将面临下行风险。汤姆·李预测，由于能源冲击、美联储领导层变动以及重大首次公开募股，近期将出现修正。此外，加里·希林和塞姆·卡尔桑警告称，持续的高估值和通货膨胀可能导致深度修正或实际回报的长期停滞</p>

专家警告，由于贸易放缓，市场可能面临即将到来的下行风险