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💌 “Love is Late” — Netflix’s biggest apology. Phantom of the Opera’s finale. Earnings Season’s surprise.

The Best One Yet

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The S&P 500's Earnings Recession

Every day this month, major U.S. companies are going to publish PR releases describing how the past three months went. For the second straight quarter, profits in the S&P 500 is expected to fall from last year. The reason that those profits are going to decline for the first time in a few years, is because we're all splurging less.

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