John Authers, Columnist

Wall Street Has Seen the Future, and It's Here

Like Christmas, the annual festival of prognostications comes earlier every year.

I see a man in a white beard with a red suit, approaching fast.

Photographer: Tetra Images/Getty Images

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As everyone knows, Christmas gets earlier every year. In New York, the flagship store of Macy’s will unveil its Christmas window displays on Thursday — more than a month before Christmas and even a week before Thanksgiving, when it sponsors a nationally televised parade through the city’s streets.