Daily Data

If AI is taking jobs, then where are all the productivity gains?

Markets are assigning basically $0 to the field, which is weird, if the field is getting so productive with AI that it doesn't need any workers, anymore

8 hrs ago • Moses Sternstein

12 Months of Random Walk

The year in macro and capital markets, as told by a year of Random Walk

Jan 5 • Moses Sternstein

5 Idea Friday: new media step change, student groans, ecomm, Palmetto State, and unemployed weirdness

5 Quick hitters on this and that for the first weekend of 2026

Jan 2 • Moses Sternstein

Assets or software, and at what price?

There's actually some money left on the AI table, but it all comes down to price

Dec 29, 2025 • Moses Sternstein

Slow descent or ready for takeoff?

Why not both? Some thoughts on what the new year might bring

Dec 23, 2025 • Moses Sternstein

AI rubber hits road, when? (cont.)

Continuing to riff on the haves and have-nots of the AI trade

Dec 11, 2025 • Moses Sternstein

AI rubber hits road, when?

10+ charts on the transformation of AI promise into AI results (or the lack thereof)

Dec 8, 2025 • Moses Sternstein

5 Idea Friday: capex, slow n' steady (and others)

The surprisingly linear ascent of tech capex, mysteries of biotech capital allocation, ex-chinese etailers, never go full French, and CRE's bottom (and…

Dec 5, 2025 • Moses Sternstein

Of Waymo, holiday shopping, and the buyer's market for homes

Riffing on themes in 10+ Charts

Dec 4, 2025 • Moses Sternstein

Checking in on those white collar blues

10+ charts on the recent grad struggle (and white collar malaise, more broadly)

Dec 1, 2025 • Moses Sternstein

China and the ‘Beggar Thy Neighbor’ Trade

Checking in on the apparent Chinese plan to go net-zero imports

Nov 25, 2025 • Moses Sternstein

Five little thoughts for the weekend of diets, stimulus, the future of code, Rules of 40, and Bragawatts

Nov 21, 2025 • Moses Sternstein

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