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Somebody's gonna be wrong

The Compound and Friends

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The New York Times' Forecast for Earnings

Wall Street's forecasters expect that profits in the first three months of 2023 is Q1. That would be the second consecutive quarterly decline and the biggest since the pandemic in 2020. Businesses have also told investors to dial down expectations. 78 companies in the S&P 500 offered guidance that is below the Wall Street estimate.

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