State Street: The stock market remains supported, but interest rate movements may become a pullback factor

```htmlGolden Ten Data reported on May 15 that Tim Graf, Managing Director and Head of EMEA Macro Strategy at State Street, stated: "In the past few days, global stock markets have been in a sustained upward trend. Therefore, I believe we are currently in a phase where this rally is showing signs of fatigue." However, he added that the stock market remains supported. "I think, if there is any factor strong enough to trigger a pullback, it would be the shifts in the rate markets and expectations that inflation could stay above many central banks' target levels for a prolonged period, which might force them to tighten policy," he said.```