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As the S&P 500 pushes to another new 52-week high, is the FOMC announcement setting up for the next pain trade. The “pain trade” when a widely-followed strategy or industry makes a sudden turn against expectations. An example, was the short U.S. Treasury rally. It was a “pain trade” for bond bears. If you think another pain trade is in the offing, say AI. ($HOOD, $C, $PENN, $INTC, $NXPI, $CENX, $CZR, XOM, SBUX)
