The Daily Shot Brief – July 27, 2026

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Global Developments

80% of our readers believe AI-related stocks are in a bubble, with a growing share expecting the bubble to pop within a year.

Source: The Daily Shot

United States

Businesses raised selling prices at the fastest pace since August 2022.

Source: S&P Global PMI

United Kingdom

Variant Perception’s leading indicator does not bode well for UK growth.

Source: Variant Perception

Japan

Japanese department-store sales of gems, precious metals, and artwork rose 19% year over year to a record ¥330 billion in the first half of 2026, as domestic shoppers shifted toward jewelry and gold as stores of value amid inflation and a weaker yen.

Source: @markets Read full article

Asia-Pacific

Australia’s yield curve signals some softening in growth in the coming months.

h/t Variant Perception

China

State-backed capital dominates China’s venture ecosystem, with state-owned enterprises and government-managed investment funds providing 74% of venture capital and private equity fundraising.

Source: @NikkeiAsia

Equities

Equities typically trade sideways ahead of midterm elections.

Source: Goldman Sachs, “The 2026 midterms and US equities” (July 2026)

Rates

Treasuries across the curve have underperformed cash so far this year.