---
title: "專家警告，由於貿易放緩，市場可能面臨即將到來的下行風險"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/288870521.md"
description: "專家警告稱，隨着世界貿易組織的數據表明全球貿易增長放緩，市場即將面臨下行風險。湯姆·李預測，由於能源衝擊、美聯儲領導層變動以及重大首次公開募股，近期將出現修正。此外，加里·希林和塞姆·卡爾桑警告稱，持續的高估值和通貨膨脹可能導致深度修正或實際回報的長期停滯"
datetime: "2026-06-05T13:27:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288870521.md)
  - [en](https://longbridge.com/en/news/288870521.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288870521.md)
---

# 專家警告，由於貿易放緩，市場可能面臨即將到來的下行風險

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.

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