Markets should brace for “pain trades” in the second half of this year, including a steepening U.S. Treasury, unabated AI trade and an “explosive” U.S. dollar, according to an HSBC report.
Markets should prepare for a number of unexpected narratives or ‘pain trades’ in the second half of the year, according to an HSBC report, with a steepening U.S. Treasury, unabated AI trade and an “explosive” U.S. dollar among the potential surprises in store.
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