These 3 'pain trades' could catch investors off guard in the 2nd half of the year

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• Stock investors are operating on some assumptions that could be proven incorrect, HSBC said.
• The bank said it identified three "pain trades" if the US market bucks Wall Street's expectations.
• Strategists said they saw the potential for a melt-up in the stock market to continue.

There are a handful of consensus views on Wall Street that risk being proven incorrect in the back half of this year, raising the risk for some...