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

Lead-Lag Live

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China's Role in Global Growth

Michael Gaiad: I'm actually worried that this is going to be a tougher recession than I originally thought when I started the year. The market's going to have some issues under that scenario, he says. He thinks there's only two things that determine stock prices; it's earnings and then the multiple on those earnings. And for the S&P, it's a trailing multiple of 18 times.

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