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Get Ready for April's Epic Stock Market Correction – Exclusive Dan Niles Insights!

Lead-Lag Live

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The Multiple Is Driving the Market

The S&P in the 1970s, it only gained 17% without dividends. Your dividends got you to 77. And that's despite earnings being up 138%. So and over a short period of time, obviously, what's driving the market is the multiple. The banks are now focused on survival. They're not focused on spending a lot of money. They're going to be focused on efficiency and getting their costs down. This could be a very ugly earnings season.

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