Global Stocks May Enter Consolidation Phase After Rally, Citi Warns of Underestimated H2 Risks

According to Jin10, Citi Wealth Chief Investment Officer Kate Moore warned on May 18 that global markets may enter a consolidation phase following recent strong gains, despite long-term equity outlook remaining positive. Moore noted that market resilience over recent months has exceeded expectations, driven by strong corporate earnings and raised spending guidance. However, she cautioned that investors may be underestimating risks in the second half of 2026, including ongoing geopolitical tensions and energy concerns in the Middle East, as well as broader inflation pressures not sufficiently factored into market forecasts.