ME News, May 15 (UTC+8), Tim Glav, Managing Director at State Street and Head of EMEA Macro Strategy, said: “Over the past few days, global stock markets have been on a sustained upward trend. Therefore, I believe we are in the stage where this rally is showing signs of fatigue.” But he added that the stock market is still supported. “I think if there is any factor capable of triggering a pullback, it would be the movements in the interest rate markets, and the expectation that inflation may remain above many central banks’ target levels for the long term, forcing them to tighten their policies,” he said. (Source: Jin10)

MeNews

2026-05-24 11:29:07

ME News Report, May 15 (UTC+8), Tim Graft, Managing Director of State Street and Head of EMEA Macro Strategy, stated: "Over the past few days, global stock markets have been on a sustained upward trend. Therefore, I believe we are in a phase where this rally is showing signs of fatigue." But he added that the stock market remains supported. "I think if there is any factor capable of triggering a pullback, it would be the movements in the interest rate markets, and the possibility that inflation may remain above many central banks' target levels for a long time, forcing them to tighten policies," he said. (Source: Jin10)

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PaperSculptureOctopusPosition

· 10h ago

So is this the fish tail market now? The last bite has the most thorns.

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GasFeeAnxiety

· 14h ago

It seems that large funds are waiting for a clear interest rate signal, and now it's just stalemate.

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MildlyMEV

· 14h ago

The recent upward trend over the past few days → shows signs of fatigue, and this time window is too short.

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FloatingMirrorSphere

· 14h ago

From the perspective of the EMEA macro strategy head, Europe is indeed more sensitive to inflation.

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RugPullEnjoyer

· 14h ago

This guy from State Street speaks pretty convolutedly—when it’s going up he says it’s showing fatigue, and then he also says there’s support. What does he actually mean?

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ReorgSurvivor

· 14h ago

The stock market has risen and is taking a break, but whether there's a real pullback still depends on the Federal Reserve's stance.

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HalfLifeHodler

· 14h ago

Source: Jin10, so it's basically at the news flash level. Let's wait until the full interview is released to see.

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Daiwa: The stock market remains supported, but the direction of interest rates may become a factor for a pullback

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