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Stocks are set for a struggle after Friday’s weak finish and a third straight weekly decline for the S&P 500 SPX. No doubt, many are questioning the upside for stocks against headwinds such as rising interest rates and DC gridlock.
That said, Raoul Pal, co-founder and CEO of Real Vision, notes a big seasonal patch to come, saying many big institutional managers he’s spoken to have not been bullish on stocks all year and are massively underperforming their benchmarks. He said those managers will be pressured to take risks….
