ValueWorks' Lemonides Sees 5%-10% Market Swings for Months

The video discusses the current market pullback, analyzing whether it's due to valuation or economic factors. It highlights recent momentum-based moves and the need for market corrections. The discussion includes potential shifts from growth to value investments and anticipates a volatile period with significant market swings but no clear direction in the short term.

What does the speaker mean by 'pain trade' in the context of market movements?

What are the expected market swings mentioned by the speaker?