This article analyses two post–civil war Lebanese films, Ghassan Salhab’s Terra Incognita and Khalil Joreige and Joana Hadjithomas’ A Perfect Day, to examine how the conditions and valences of a particular sociocultural moment register affectively and mobilize the investments that inform memory making in the Lebanese context. In particular, I study these works as embodiments of an emerging structure of feeling specific to post–civil war Beirut, in which the haunting remnants of an unresolved violent past intersect with the neoliberal imperatives to propel Lebanon into a global market. In this sense, I build upon an exclusive concern with ‘pastness’, which often dominates discussions about post-conflict and post-colonial societies, in order to consider how an unfinished traumatic past intersects with more contemporary oppressions and the affective dimension of these intersections. Through a series of visual motifs and audio techniques, Terra Incognita and A Perfect Day track the ways that forces from the past encounter a wholesale embrace of neoliberalism and commercialism to create a kind of affective impasse that plays out either in depressed apathy or in excessive indulgence.