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Markets should beware 'pain trade' shocks in the second half: HSBC

Posted on June 30, 2026
By CNBC
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1 min read

Markets should beware 'pain trade' shocks in the second half: HSBC

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.