【Economists Warn of Three Major Risks: Tech Bubble, Tariff Policies, and Geopolitics】Golden Finance Reports, according to Every Daily, 2024 is about to pass. Looking back over the past year, against the backdrop of the continuing AI boom, the Federal Reserve shifting to easing, and 'Trump 2.0' on the horizon, the three major U.S. stock indices have continuously set historical records in 2024. The S&P 500 has nearly closed at a historical high almost 60 times this year, the Nasdaq has for the first time surpassed 20,000 points, and the Dow Jones has for the first time crossed 45,000 points. However, there are also many warnings from the market. Bank of America believes that the biggest risk in 2025 will be the tech bubble. Dr. David Seif, Chief Economist for Developed Markets at Nomura, warned in an interview that tariffs and geopolitical shocks are the two biggest potential risks, with tariffs most likely to interrupt the U.S. bull market.