'Not much upside' for S&P 500 -investment manager

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STORY: Her estimate is also based on the view that the U.S. Federal Reserve is unlikely to bring the annual inflation rate down to its target goal of 2% any time soon, an effort she called "a pipe dream."

"I'd like to actually see a recession," added Orczyk Sissel. "I do think that the longer it takes to have a real, true economic slowdown, the worse it's going to be overall for the economy."