Pain Trade: This phenomenon arises when the majority of investors are bearish, yet the market rises, causing losses for those betting against it. Conversely, when most are bullish, the market may decline, leading to losses for overly optimistic investors [3]. Investor Sentiment: During bullish seasons, fear of missing out (FOMO) can drive investors to buy into rising markets, even when fundamentals may not support such optimism. This can create a cycle where rising prices force more investors to adjust their positions. Technical Indicators: Bullish trends can be supported by technical patterns that suggest further price increases, despite underlying economic concerns. This can lead to a situation where sentiment drives prices higher, often against the prevailing economic indicators. Contrarian Investing: The pain trade highlights the value of contrarian strategies, where investing against the majority sentiment can yield significant returns when the market eventually corrects.