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Daily 2026-08-07
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Plus: refine, baby, refine | Your Daily Brief is ready |
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3:15 read time
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Together with
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👀
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WHAT'S GOING ON
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<div style="font-family:Trispace,monospace;font-size:12px;line-height:1.5;text-align:left;color:#7F879C;">
All metrics are as of the latest market close.
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</td></tr><tr><td class="" width="600px">
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<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s17" role="presentation">
<tbody>
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<td class="s24">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:251.92px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
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<td class="s23">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" class="s9">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
<tbody>
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<td class="s25">
S&P 500
</td>
<td class="s26">
0.59% ▲
</td>
<td class="s27">
7,756
</td>
</tr>
<tr>
<td class="s25">
GOLD
</td>
<td class="s26">
2.26% ▲
</td>
<td class="s27">
$4,397
</td>
</tr>
<tr>
<td class="s25">
BITCOIN*
</td>
<td class="s26">
1.03% ▲
</td>
<td class="s27">
$64,920
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*24-hour change
</td>
</tr>
</tbody>
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</td>
</tr>
</tbody>
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</td>
</tr>
</tbody>
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</div>
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<tbody>
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<td class="s23">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:1px;line-height:1.5;text-align:left;color:#000000;">
</div>
</td>
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</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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</td><td class="" style="vertical-align:top;width:251.92px;">
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td class="s23">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" class="s9">
<table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
<tbody>
<tr>
<td class="s25">
FTSE 100
</td>
<td class="s26">
0.38% ▲
</td>
<td class="s27">
10,909
</td>
</tr>
<tr>
<td class="s25">
BRENT OIL
</td>
<td style="font-size:12px;color:#EA3459;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.23% ▼
</td>
<td class="s27">
$82.30
</td>
</tr>
<tr>
<td class="s25">
US BONDS*
</td>
<td class="s26">
0.02% ▼
</td>
<td class="s27">
4.65%
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*10-year government yield
</td>
</tr>
</tbody>
</table>
</td>
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</td>
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</tbody>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
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<td style="direction:ltr;font-size:0px;padding:0;text-align:center;">
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:700;line-height:1.5;text-align:left;color:#181c25;">
WALL STREET FEAR GAUGE INDEX
(
<a style="font-weight:400;font-family:Trispace,monospace">
VIX
</a>
)
</div>
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<img alt="Wall Street Fear Gauge Index" class="s12" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fimages.bannerbear.com%252Fdirect%252F7Q4rjJzQn7vZo8qPOx%252Frequests%252F000%252F156%252F162%252F518%252FP523LdrvK615Eqxb67nypx4jW%252F609dde705d0599c361a0ff928fff086dc596cbe0.png%253Fauto%253Dformat%2526fit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D002c534f164c4f83aa76d81106af2fce/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3ODYxNDAxNzIuNzA2MTUxN30:1wsSeS:f9HHTOhBsmAF9i6NqTt16Sb5k_CivHdAK1y3TQAWloA" width="536"/>
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<div class="s32">
<p data-block-key="10zqs">
<b>
😬
</b>
The US economy unexpectedly lost jobs last month
</p>
<p data-block-key="2a9kl">
<b>
💸 FOR PRO MEMBERS:
</b>
It’s time to look at whether to buy the dip, take profits, or cut your losses
</p>
<p data-block-key="18us">
<b>
🛢️
</b>
Crude prices have fallen, but refined fuel’s still on the up
</p>
<p data-block-key="bvg40">
<b>
👇 Keep reading to find out more
</b>
</p>
</div>
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<mj-raw>
<span class="s21">
👀
</span>
<span class="s22">
Today's headlines
</span>
</mj-raw>
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<mj-raw>
<span class="s35">
Dirty Jobs
</span>
</mj-raw>
</div>
</td>
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<tr>
<td align="center" class="s5">
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</a>
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<div class="s32">
<p data-block-key="y4q6w">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="1t8jp">
The US economy unexpectedly shed 23,000 jobs last month, so the Federal Reserve’s (Fed’s) next steps likely won’t be as clean-cut as it hoped.
</p>
<p data-block-key="94t95">
<b>
What does this mean?
</b>
</p>
<p data-block-key="f9nel">
The monthly labor report is one of the clearest health checks on the American economy, and July’s results looked… unwell. Making
matters worse, May and June’s figures were both revised down, wiping another 103,000 jobs off the books.
</p>
<p data-block-key="3jmim">
🔻 The unemployment rate edged lower to 4.1%, but only because more Americans gave up looking for work.
</p>
<p data-block-key="9dqvp">
▶ At least people weren’t getting huge raises… Average hourly wages rose 3.2% from a year ago, below the 3.5% economists expected. Sure, that’s not great news for workers – but it does suggest inflation isn’t running quite as hot as
feared. In turn, the Fed can afford to be a little more patient before pulling the trigger on an interest rate hike.
</p>
<p data-block-key="fufaj">
<b>
Why should I care?
</b>
</p>
<p data-block-key="cf71m">
<b>
<i>
The bigger picture:
</i>
</b>
<i>
On task.
</i>
</p>
<p data-block-key="b2jet">
The Fed has two jobs: to keep the labor market healthy, and inflation slow and steady. And its main tool is interest rates. Raise them, and borrowing gets more expensive – slowing spending and taking the heat out of
prices.
</p>
<p data-block-key="2bfu2">
▶ The central bank left rates unchanged at its last meeting. And that decision not to hike suddenly looks a lot smarter: a cooling jobs market can help cool the economy,
<i>
without
</i>
pushing borrowing costs even higher.
</p>
<p data-block-key="3egpq">
▶ Traders certainly think so. After Friday’s employment report, they’re not expecting the next Fed rate until December – back from October.
</p>
<p data-block-key="c09l4">
<b>
<i>
The markets:
</i>
</b>
<i>
Gold
stars.
</i>
</p>
<p data-block-key="d247q">
Gold’s been rocky this year – but, lately, a weaker US dollar has been making it sparkle again. And the longer the Fed holds off on raising rates, the brighter that shine could be. Gold is priced in dollars, so a softer greenback makes it cheaper for overseas buyers, which gives demand – and prices – a lift.
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
You might also like ⇢
<a>
Gold’s
Glittering Again, And This ETF’s Poised To Catch The Light
</a>
</div>
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How Our Research Picks Have Held Up: August 2026
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<p data-block-key="pr7ai">
The past month has given investors
<a>
plenty to sweat over
</a>
. Tech stumbled, markets got rockier, and plenty of the market’s
high-flyers fell closer to Earth.
</p>
<p data-block-key="d45tn">
So it’s a perfect time for a
<a>
<b>
Finimize Portfolio
</b>
update
</a>
. Every month, we revisit our open ideas, check out the results, and consider what’s changed. You can follow every trade in
the
<a>
tracker
</a>
, which has links to every investment case and up-to-date performance stats.
</p>
<p data-block-key="1huem">
Since their launch in October 2024, our ideas have delivered an average return of 24%, beaten their benchmarks by eight percentage points, and posted a 68% “hit rate” – meaning most of
<a>
our calls made money
</a>
.
</p>
<p data-block-key="fgvmp">
That’s today’s Research:
<a>
how the Finimize Portfolio did
last month – and what our analysts are changing now
</a>
.
</p>
<p data-block-key="3csor">
<a>
<b>
Read or listen to the Research here
</b>
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Russell Burns
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<mj-raw>
<span class="s21">
👀
</span>
<span class="s22">
Today's headlines
</span>
</mj-raw>
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<mj-raw>
<span class="s35">
Diesel Powered
</span>
</mj-raw>
</div>
</td>
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<p data-block-key="x74hr">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="717uq">
Diesel prices are at near-record levels above crude – and US refiners are cleaning up.
</p>
<p data-block-key="1p7o1">
<b>
What does this mean?
</b>
</p>
<p data-block-key="cui4f">
Normally, crude oil and refined fuel prices move in step – but not lately. Crude has fallen as a peace deal in Iran becomes more likely. And now, American refiners are making around
$70 a barrel turning it into fuel – way up from the typical $20.
</p>
<p data-block-key="535od">
▶ That's because roughly five million barrels a day of the world's refining capacity is offline. Ukrainian drone strikes have knocked out about a third of Russia's plants, the Iran war took out major Middle Eastern refineries, China's fuel exports have collapsed, and European heatwaves are cutting refinery efficiency.
</p>
<p data-block-key="2s2m1">
🔺 Meanwhile, US refiners are the world's last major fuel
supplier – running flat out and printing money.
<b>
Marathon
</b>
,
<b>
Valero
</b>
, and
<b>
Phillips 66
</b>
have seen their second quarter profits at least
<i>
quadruple
</i>
, with shares up more than 70% this year across the board.
</p>
<p data-block-key="7rvvh">
<b>
Why should I care?
</b>
</p>
<p data-block-key="aagrv">
<b>
<i>
Zooming in:
</i>
</b>
<i>
Refine, baby, refine…
</i>
</p>
<p data-block-key="5ku4q">
When investors want to invest in energy, they often reach for oil
<i>
producers
</i>
. But for now, the
bottlenecks – and the possible gains – are in refining. That deal to reopen the Strait of Hormuz would push crude prices lower, but lost refining capacity can’t be restored overnight. So refiners could see their profit bonanza last well after oil prices cool.
</p>
<p data-block-key="6ab5s">
<b>
<i>
Zooming out: …
</i>
</b>
<i>
but don’t charge too much.
</i>
</p>
<p data-block-key="de6hk">
When refiners make record profits while everyday drivers face high fuel prices, politicians pay attention. Back in
June, the US administration ordered a probe into oil companies for price gouging – and this week, it accused
<b>
Exxon
</b>
and
<b>
Chevron
</b>
of making "too much money". That political pressure could weigh on refiner stocks, even if profits stay strong.
</p>
<p data-block-key="emksb">
▶ With US midterm elections coming up in November, the political noise could get louder. But on the plus side, a short-term drag on share prices could be an opportunity to buy the dip.
</p>
</div>
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You might also like ⇢
<a>
Then There
Were Seven: The Hormuz Recovery Stocks, Revised
</a>
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<mj-raw>
<span class="s22">
Sponsored by CoinShares
</span>
</mj-raw>
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</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:16px;padding-left:0;word-break:break-word;">
<div class="s32">
<h3 data-block-key="xnoxs">
<b>
You’ve seen the charts, the hype, the crashes.
</b>
</h3>
<p data-block-key="d5jmn">
What you probably haven’t seen is how quietly
<a>
<b>
Ethereum
</b>
</a>
is being used to move actual dollars, store value, and run
financial apps in the background.
</p>
<p data-block-key="3qgl0">
<a>
<b>
This
guide
</b>
</a>
pulls back the curtain so you can judge for yourself: is ether just another coin to flip, or a way to get exposure to the infrastructure of digital money?
</p>
<p data-block-key="elc81">
If you’re even slightly curious what you’re missing beyond the ticker,
<a>
<b>
this is where you start
</b>
</a>
.
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:16px 0;word-break:break-word;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:separate;line-height:100%;">
<tbody>
<tr>
<td align="center" bgcolor="#204CE9" role="presentation" style="border:1px solid #030303;border-radius:1000rem;cursor:auto;mso-padding-alt:10px 25px;background:#204CE9;" valign="middle">
<a style="display:inline-block;background:#204CE9;color:#ffffff;font-family:Inter,sans-serif;font-size:13px;font-weight:700;line-height:1.2;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:1000rem;" target="_blank">
<span class="s7">
Read the guide
</span>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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<tbody>
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s19">
<div class="s20">
<mj-raw>
<span class="s21">
✨
</span>
<span class="s22">
Sarah's Digest
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
</td></tr><tr><td class="" width="600px">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:568px;" width="568" bgcolor="#f8f9ff"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
<![endif]-->
<div class="s16">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="s17" role="presentation">
<tbody>
<tr>
<td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:32px;padding-left:16px;padding-right:16px;padding-top:8px;text-align:center;">
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<![endif]-->
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<tbody>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Trispace,monospace;font-size:12px;line-height:1.5;text-align:left;color:#5E6984;">
What others like you are reading today...
</div>
</td>
</tr>
<tr>
<td align="left" class="s37">
<div class="s32">
🤖
<a>
SK Hynix Approved $38 Billion In New Chip Plants
</a>
</div>
</td>
</tr>
<tr>
<td align="left" class="s5">
<div class="s38">
The memory maker signed off on 54.3 trillion won through 2031 for DRAM and NAND fabs in Yongin and Cheongju, with first cleanrooms slated for 2028-2029.
</div>
</td>
</tr>
<tr>
<td align="left" class="s37">
<div class="s32">
📈
<a>
Cloudflare Raised Its Forecasts On AI-Fueled Network Demand
</a>
</div>
</td>
</tr>
<tr>
<td align="left" class="s5">
<div class="s38">
No forbidden words from the list appear, and the company now sees $2.86-2.87 billion in full-year revenue after beating analysts’ average estimate.
</div>
</td>
</tr>
<tr>
<td align="left" class="s37">
<div class="s32">
🤳
<a>
ByteDance Is Reportedly Training A 10-Trillion-Parameter AI Model
</a>
</div>
</td>
</tr>
<tr>
<td align="left" class="s5">
<div class="s38">
The Financial Times said the system is in pre-training and could end up close in scale to Anthropic’s Mythos.
</div>
</td>
</tr>
<tr>
<td align="left" class="s37">
<div class="s32">
🚢
<a>
China’s July Trade Surplus Still Beat Forecasts
</a>
</div>
</td>
</tr>
<tr>
<td align="left" class="s5">
<div class="s38">
The surplus narrowed to $112.5 billion from June, as exports jumped 23.9% year over year and imports rose 27.5%.
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
</td>
</tr>
</tbody>
</table>
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</tbody>
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<![endif]-->
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<tbody>
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<![endif]-->
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<tbody>
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<tbody>
<tr>
<td align="left" class="s33">
<div class="s20">
<mj-raw>
<span class="s21">
🖋️
</span>
<span class="s22">
Quote of the day
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<tbody>
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s5">
<div class="s32">
<strong>
"In the darkest place, shed the brightest light."
</strong>
– Cyndi Lauper (an American singer, songwriter, and actor)
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
</td>
</tr>
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<![endif]-->
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<tbody>
<tr>
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<![endif]-->
<div class="s28">
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<tbody>
<tr>
<td class="s18">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
<![endif]-->
<div class="mj-column-per-100 mj-outlook-group-fix s6">
<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s33">
<div class="s20">
<mj-raw>
<span class="s21">
🎯
</span>
<span class="s22">
On Our Radar
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
</td></tr><tr><td class="" width="600px">
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<![endif]-->
<div class="s28">
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<tbody>
<tr>
<td class="s31">
<!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
<tbody>
<tr>
<td class="s23">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div class="s32">
<p data-block-key="aaghi">
<b>
1. Mollie’s miles.
</b>
This
<a>
hamster’s Strava streak
</a>
puts us to shame.
</p>
<p data-block-key="ba4km">
<b>
2. I’d like to be under the sea.
</b>
In
<a>
an underwater research facility
</a>
with an on-board toilet.
</p>
<p data-block-key="7jg84">
<b>
3. Cowa-dog-a.
</b>
Dispatch from the
<a>
World Dog Surfing Competition
</a>
.
</p>
<p data-block-key="2v81l">
<b>
4. Premium car, freemium experience.
</b>
BMW’s
<a>
now showing ads
</a>
on its cars’ internal screens.
</p>
<p data-block-key="3qm4o">
<b>
5. The cloud’s got a footprint.
</b>
Texas
<a>
AI data centers
</a>
could out-pollute whole countries.
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<tbody>
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<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s5">
<div class="s32">
Stay classy, Sarah 😉 This issue of the Daily Brief was curated by
<a class="s39">
Karen
</a>
,
<a class="s39">
Theodora
</a>
, and
<a class="s39">
Russell
</a>
. Got an idea? A question?
<a>
Get in touch
</a>
.
</div>
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<tbody>
<tr>
<td style="direction:ltr;font-size:0px;padding:0 16px;text-align:center;">
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<![endif]-->
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<tbody>
<tr>
<td class="s18">
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="left" class="s33">
<div class="s20">
<mj-raw>
<span class="s21">
💌
</span>
<span class="s22">
THAT WAS GREAT FOR US... HOW WAS IT FOR YOU?
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s40">
<table border="0" cellpadding="0" cellspacing="0" class="s41" role="presentation">
<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s42" role="presentation" valign="middle">
<a class="s43" target="_blank">
<span aria-hidden="true" role="img">
🔥
</span>
Hot stuff
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
</td><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s40">
<table border="0" cellpadding="0" cellspacing="0" class="s41" role="presentation">
<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s42" role="presentation" valign="middle">
<a class="s43" target="_blank">
<span aria-hidden="true" role="img">
👍
</span>
Just alright
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
</td><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s40">
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<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s42" role="presentation" valign="middle">
<a class="s43" target="_blank">
<span aria-hidden="true" role="img">
😒
</span>
...Meh
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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<![endif]-->
<div class="s44">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="s17" role="presentation">
<tbody>
<tr>
<td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:0px;padding-left:16px;padding-right:16px;text-align:center;">
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2 days, 6 hours ago - hello@finimize.com
🇺🇲 America’s got its work cut out for it
Plus: refine, baby, refine | Your Daily Brief is ready | 3:15 read time View in browser Together ...