This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
Nonfarm labor productivity surged in Q3, well above consensus, …
… with accelerating efficiency gains observed in sectors with high AI adoption, such as finance, information, and professional services.
United Kingdom
The UK is missing out on the tech investment boom.
Japan
Cash earnings growth accelerated to its fastest pace since 1997.
Asia-Pacific
The Kospi is down nearly 45% since the June peak.
Equities
Goldman Sachs’ Vol Panic Index surged back into the panic zone.
Alternatives
US venture capital’s one-year internal rate of return surged to 22.8%, outperforming the S&P 500 in a rare reversal of its long-term underperformance. The gain was largely driven by AI-related portfolio markups, despite weak liquidity, and venture capital continues to underperform over three- and five-year horizons.
Food for Thought
These are the tallest buildings in each US state.
