Is the Market Going to Crush Demand?

Valuation is a very tough thing. Do you get a trough multiple on trough earnings? That's the rarity. So are we really going to get a 14 multiple on a 20% decline earnings? Because then you're going into the high 2900s. I suspect it is closer to a 3100. Dan Nathan Powell got a first look at that report. And not that he, maybe it was in the interview process that he can parse his words. Obviously, the written process of the Fed meeting was already done long before that. But it's probably going to be a pretty good number tomorrow.