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   Daily 2025-12-09
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               Tue, Dec 9 | 3:06 read time
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                      <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 style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          S&amp;P 500
                         </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">
                          0.33% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          6,848
                         </td>
                        </tr>
                        <tr>
                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          GOLD
                         </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">
                          0.51% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $4,221
                         </td>
                        </tr>
                        <tr>
                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          BITCOIN
                         </td>
                         <td colspan="2" style="font-size:12px;color:#4C5469;font-weight:400;font-family:Trispace,monospace;width:60%;vertical-align:baseline;text-align:right;padding:10px 0 0 0">
                          scroll down for info
                         </td>
                        </tr>
                       </tbody>
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                   <tbody>
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                     <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                      <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%">
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                          FTSE 100
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                         <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% ▼
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                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          9,645
                         </td>
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                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          BRENT OIL
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                         <td style="font-size:12px;color:#EA3459;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
                          2.02% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $62.46
                         </td>
                        </tr>
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                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          US BONDS*
                         </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">
                          0.03% ▲
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          4.17%
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *10-year government yield
                         </td>
                        </tr>
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                  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" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fimages.bannerbear.com%252Fdirect%252F7Q4rjJzQn7vZo8qPOx%252Frequests%252F000%252F118%252F897%252F972%252FXwJBnmPj46wppxAqQvLqob2xG%252F194a98695e00b26782b29c9d7b1e438c21bac221.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D47c46b74470db55134bdcf469233d0d7/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjUyNjc1MjAuODYwMjA3M30:1vSsim:L4m01GK9w5hrfD1kX-0-t9JSmD2irlCp-OLuSjAq3qc" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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                      <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                       <p data-block-key="10zqs">
                        China’s exports have overshadowed imports by $1 trillion this year, marking the country’s biggest-ever surplus. Plus, hedge funds moved more
operations to the United Arab Emirates – and London, New York, and Singapore now face the challenge of keeping their cash and talent from following.
                       </p>
                       <p data-block-key="bf4iu">
                        ➕ You could give investors tomorrow’s news today, and most would still go bust. Our analyst explains why.
                       </p>
                       <p data-block-key="1onqs">
                        <b>
                         👇 Keep reading to find out more
                        </b>
                       </p>
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                       <img alt="Trick To Treat" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-081225-ChinaSurplus-2.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D47541d3a4c28c4ecf2ff88e7fb771791/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjUyNjc1MjAuODYwMzQ2fQ:1vSsim:HUhwZcrSmMicyyco-HwBEEbnqk25_XL7ScOjSG7_z00" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
                      </a>
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                <tr>
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                  <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                   <p data-block-key="vkwnr">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="58cq1">
                    After October’s export slump spooked investors, China followed up with a far sweeter surprise: a record $1 trillion trade surplus for the year so far.
                   </p>
                   <p data-block-key="901q4">
                    <b>
                     What
does this mean?
                    </b>
                   </p>
                   <p data-block-key="taul">
                    China made 6% more from exports this November than last, while keeping imports steady. That lifted the difference between the two to $112 billion – one of the biggest monthly surpluses in China’s history.
                   </p>
                   <p data-block-key="4qjb7">
                    ▶ Now, direct shipments to the US
                    <i>
                     did
                    </i>
                    fall by 29%, marking the eighth month in a row of double-digit declines. But demand from Europe, Africa, and Southeast Asia more than made up for it.
                   </p>
                   <p data-block-key="2j0o0">
                    ▶ Economists think the pattern is obvious: China’s rerouting its shipments to minimize the impact of America’s tariffs, sending stuff the scenic route to Western soil.
                   </p>
                   <p data-block-key="6seeo">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="bidkv">
                    <b>
                     <i>
                      Zooming out:
                     </i>
                    </b>
                    <i>
                     Europe’s a reliable customer… for now.
                    </i>
                   </p>
                   <p data-block-key="daso6">
                    Europe has become a shock absorber for China this year: exports to the bloc rose almost 15% last month.
                   </p>
                   <p data-block-key="6jhpq">
                    ▶ That’s causing problems for major economies like France. Local manufacturers were already struggling with weaker demand and higher costs – and now they need to contend with growing competition from cheaper Chinese products.
                   </p>
                   <p data-block-key="1odb9">
                    ▶ In fact, France has said that tougher trade measures – including tariffs of its own – might be needed to protect the country’s economy.
                   </p>
                   <p data-block-key="bf0st">
                    ⚠️ If Europe pulls back, the very
markets cushioning China’s economy today could become new sources of pain tomorrow.
                   </p>
                   <p data-block-key="aer4r">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     China can’t count on its friends forever.
                    </i>
                   </p>
                   <p data-block-key="fpdoj">
                    China wants to rely less on trade and build a more balanced, resilient domestic economy. But for now, exports are still doing the heavy lifting: they’ve accounted for roughly a third of the country’s economic growth in 2025 so far. Meanwhile at home, China’s consumers are
keeping their purse strings tight –
                    <i>
                     and
                    </i>
                    the property market is still sluggish, with government pushes failing to create any real economic traction.
                   </p>
                  </div>
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Of The Day
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                          <img alt="chart of the day" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FCOTD_Dec82025.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Ddf3eacae80cb8d6e63e15b846815b580/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjUyNjc1MjAuODYwNDY5fQ:1vSsim:BwD0aJ3uj5bdh8MgiOC6meFjGGesLmqxEw3mBLgtp7w" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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                     This Is Why Investors Blow Up – Even When Knowing The
Future
                    </span>
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                      <img alt="Insight" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FInsight-200525-NassimTaleb.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D99aebe9e614b4adfd9c8ef78f4cdb989/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjUyNjc1MjAuODYwNzEzN30:1vSsim:hhVjIX6nazWbz5PMX23l8B8YGf4ias3ifS7_e1YeCeg" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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                  <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                   <p data-block-key="pr7ai">
                    <b>
                     “If you gave investors tomorrow’s news today, most of them would still go bust within a year.”
                    </b>
                   </p>
                   <p data-block-key="1ilm9">
                    That’s a warning from
                    <a>
                     Nassim Taleb
                    </a>
                    – the statistician and former trader who built his reputation by betting against Wall Street’s comfortable assumptions.
                   </p>
                   <p data-block-key="8d1s6">
                    It sounds absurd at first. If you
                    <a>
                     knew what was coming
                    </a>
                    , how could you possibly lose?
                   </p>
                   <p data-block-key="fhpfe">
                    Thing is, I dug into Taleb’s claim – and
                    <a>
                     a test that tried to break it
                    </a>
                    . And it turns out he may be right: foresight alone doesn’t make a winning portfolio.
                   </p>
                   <p data-block-key="co5lj">
                    What matters is how you act on it. And while certainty can’t save you,
                    <a>
                     there are ways to tilt the odds in your favor
                    </a>
                    .
                   </p>
                   <p data-block-key="frb13">
                    <a>
                     <b>
                      Read or listen to the
Insight here
                     </b>
                    </a>
                   </p>
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                         Stéphane
Renevier, CFA
                        </a>
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                     SPONSORED BY COINSHARES
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                   <h3 data-block-key="qjz5q">
                    <b>
                     You’ve probably seen a thousand opinions about crypto.
                    </b>
                   </h3>
                   <p data-block-key="3vd01">
                   </p>
                   <p data-block-key="8cct1">
                    Bullish. Bearish. Panicked. Overhyped. Underdone.
                   </p>
                   <p data-block-key="90nvl">
                   </p>
                   <p data-block-key="9td8j">
                    But
here’s the uncomfortable truth: if you don’t understand bitcoin, you don’t understand crypto.
                   </p>
                   <p data-block-key="3aebu">
                   </p>
                   <p data-block-key="230vr">
                    The OG crypto is the proof-of-concept that's survived every crash – and every headline designed to declare it dead.
                   </p>
                   <p data-block-key="bhlh2">
                   </p>
                   <p data-block-key="2hjcc">
                    If you want to navigate this space with confidence – not confusion – you start with bitcoin.
                   </p>
                   <p data-block-key="3qr99">
                   </p>
                   <p data-block-key="f147v">
                    So… start:
                    <a>
                     find out the bitcoin need-to-knows with this guide from CoinShares
                    </a>
                    , Europe’s leading asset manager specialising in digital assets.
                   </p>
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                       <span style="color:#FFFFFF">
                        Read The
Guide
                       </span>
                      </a>
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                 </td>
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                 <td align="left" style="font-size:0px;padding:16px 0 0 0;padding-right:0;padding-left:0;word-break:break-word;">
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                    Marketing communication. Capital at risk.
                   </p>
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                     👀
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                    <span style="font-style:italic">
                     Today's headlines
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                   <mj-raw>
                    <span style="background-color:#EFFF0D;display:inline">
                     Tread In The Sand
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
                <tr>
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                       <img alt="Tread In The Sand" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-081225-UAE.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253Da27d44a0497a2d17c9b9a1fff5ef5975/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjUyNjc1MjAuODYxMDg2Nn0:1vSsim:wPz3VwxijjJHkLus2tORbXaN5ut_x0y8unsZQcSynTo" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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                   <p data-block-key="w4kge">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="a390p">
                    Major international hedge funds are finding footholds in the United Arab Emirates (UAE), encouraging the region to plan a new multibillion-dollar build of offices, apartments, and
shops.
                   </p>
                   <p data-block-key="4h4h6">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="64f8n">
                    Man Group, KKR, Millennium, Hudson Bay, Marshall Wace, and Point72 have all set up operations in the UAE. And that’s not all: Balyasny just added a
                    <i>
                     second
                    </i>
                    base in the region and hedge fund Brevan Howard now runs a third of the money it manages from there.
                   </p>
                   <p data-block-key="4jp51">
                    ▶ You can see the UAE’s allure: tax-free income, a timezone balancing Asia and the West, English-law courts, and frictionless
visas and business regulation.
                   </p>
                   <p data-block-key="345ss">
                    ▶ What’s more, every new fund attracts more accountants, lawyers, and traders – and that makes it increasingly likely that London, New York, and Singapore could lose capital and talent to the country.
                   </p>
                   <p data-block-key="28crk">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="db4l3">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Moving is stressful.
                    </i>
                   </p>
                   <p data-block-key="5mkqv">
                    That said, the UAE is hardly utopia. Newcomers are
struggling to win money from government funds and family offices, burdened by limited contacts and clout in their new home. At the same time, they need to build a presence in relatively weak markets, with limited local talent pools, office spaces, and trading infrastructure. Most of that is still anchored in London or New York. And of course, there’s always the risk that geopolitical tensions could stall the shift.
                   </p>
                   <p data-block-key="mms9">
                    <b>
                     <i>
                      For markets:
                     </i>
                    </b>
                    <i>
                     Abu Dhabi’s the capital
behind capital flows.
                    </i>
                   </p>
                   <p data-block-key="8tmkr">
                    The UAE’s state-owned funds might not be backing every international firm, but they
                    <i>
                     are
                    </i>
                    writing the kinds of checks that reshape entire industries. Those coffers are financing AI infrastructure, backing data-center buildouts, fueling private-credit expansion, and steering energy-transition projects.
                   </p>
                   <p data-block-key="r01">
                    ▶ That matters: with a close cluster of investment teams directing trillions of dollars, the UAE has the power
to partially dictate which technologies scale, which companies endure, and which regions thrive.
                   </p>
                  </div>
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                   You might also like ⇢
                   <a>
                    This World-Class
Hedge Fund Manager’s “Magic Formula” Is Spellbindingly Simple
                   </a>
                  </div>
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                    <span style="font-style:normal">
                     ✨
                    </span>
                    <span style="font-style:italic">
                     ​​​​​​​​​​​​​​​​​​​​​​​​​Sarah's Digest
                    </span>
                   </mj-raw>
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                    <span style="font-style:normal">
                     🖋️
                    </span>
                    <span style="font-style:italic">
                     Quote
of the day
                    </span>
                   </mj-raw>
                  </div>
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                   <strong>
                    "Being entirely honest with oneself is a good exercise."
                   </strong>
                   — Sigmund Freud (an Austrian neurologist)
                  </div>
                 </td>
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                      <a target="_blank">
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                  <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                   <h3 data-block-key="ybs9l">
                    If one job pays $100k, and one pays $50k… Which one would you take?
                   </h3>
                   <p data-block-key="dh650">
                    Maybe you’re asking the right questions: What about bonuses? Vacation time? The love of the grind?
                    <br/>
                    <br/>
                    Well,
                    <a>
                     the same can be true about income-paying stocks
                    </a>
                    . US stocks might pay more dividends, but
                    <a>
                     this guide will show you why
                    </a>
                    – and how much mind you should pay them.
                   </p>
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="vertical-align:top;" width="100%">
               <tbody>
                <tr>
                 <td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0px;word-break:break-word;">
                  <div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
                   <mj-raw>
                    <span style="font-style:normal">
                     🎯
                    </span>
                    <span style="font-style:italic">
                     On Our
Radar
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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        <div style="margin:0px auto;max-width:568px;">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
          <tbody>
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            <td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:32px;padding-top:8px;text-align:center;">
             <!--[if mso | IE]>
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td style="vertical-align:top;padding:0;">
                  <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 style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                       <p data-block-key="aaghi">
                        1.
                        <b>
                         Watch what you eat.
                        </b>
                        Uber knows
                        <a>
                         what you order and where you go
                        </a>
                        – and it’s willing to spill.
                       </p>
                       <p data-block-key="9ll0j">
                        2.
                        <b>
                         Love at first… animation.
                        </b>
                        The
                        <a>
                         year’s best romcom
                        </a>
                        could be a kid’s film.
                       </p>
                       <p data-block-key="6ob3l">
                        3.
                        <b>
                         That’s what you get for being an early bird.
                        </b>
                        For some
weird reason,
                        <a>
                         everyone seems to think they have worms
                        </a>
                        .
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
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<![endif]-->
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                  <div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
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                    <span style="font-style:italic">
                     SPONSORED BY COINGECKO API
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                      <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;">
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                          <a target="_blank">
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                      <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                       <p data-block-key="dqcfl">
                        <b>
                         🚨 Governments and public companies collectively hold $177 billion-plus in crypto assets
                        </b>
                        <br/>
                        Track digital assets treasuries (DATs) across 150-plus entities and 14 assets, including bitcoin, ethereum and solana, on
                        <a>
                         CoinGecko
                        </a>
                        .
                       </p>
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                </tr>
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             </div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
<![endif]-->
   <div style="margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
     <tbody>
      <tr>
       <td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:24px;padding-left:16px;padding-right:16px;padding-top:0;text-align:center;">
        <!--[if mso | IE]>
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        <div style="margin:0px auto;max-width:568px;">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
          <tbody>
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             <!--[if mso | IE]>
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               <tbody>
                <tr>
                 <td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0px;word-break:break-word;">
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                    <span style="font-style:italic">
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                  </div>
                 </td>
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               </tbody>
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             </div>
             <!--[if mso | IE]>
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<![endif]-->
            </td>
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        <!--[if mso | IE]>
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</td></tr><tr><td class="" width="600px">
<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:568px;" width="568"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
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        <div style="margin:0px auto;max-width:568px;">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
          <tbody>
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            <td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:32px;padding-top:8px;text-align:center;">
             <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td style="vertical-align:top;padding:0;">
                  <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 style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                       <p data-block-key="ao898">
                        <b>
                         Grab your free ticket 🎟️
                        </b>
                       </p>
                       <p data-block-key="b0jqe">
                        <a>
                         <b>
                          Investing In Masterpieces By Collecting With Museums
                         </b>
                        </a>
                        <b>
                         ,
                        </b>
                        With Frédéric Laffy, (CEO at Art Consortium): December 9th, 5pm UK time
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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        <!--[if mso | IE]>
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     </tbody>
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</td></tr></table>
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     <tbody>
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        <!--[if mso | IE]>
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         <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="vertical-align:top;" width="100%">
          <tbody>
           <tr>
            <td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
             <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
              Stay classy,
              <mj-raw>
               Sarah
              </mj-raw>
              😉 This issue of the Daily Brief was curated by
              <a style="color:inherit;font-weight:inherit">
               Stéphane
              </a>
              and
              <a style="color:inherit;font-weight:inherit">
               Naomi
              </a>
              . Got an idea? A question?
              <a>
               Get in touch
              </a>
              .
             </div>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
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    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 16px;text-align:center;">
        <!--[if mso | IE]>
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<![endif]-->
        <div style="margin:0px auto;max-width:568px;">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
          <tbody>
           <tr>
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             <!--[if mso | IE]>
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="vertical-align:top;" width="100%">
               <tbody>
                <tr>
                 <td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0px;word-break:break-word;">
                  <div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;text-transform:uppercase;color:#030303;">
                   <mj-raw>
                    <span style="font-style:normal">
                     💌
                    </span>
                    <span style="font-style:italic">
                     THAT
WAS GREAT FOR US... HOW WAS IT FOR YOU?
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
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</td></tr></table>
<![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
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</td></tr></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
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   <div style="margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
     <tbody>
      <tr>
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        <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:189.33333333333337px;">
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        <div class="mj-column-per-33-333333333333336 mj-outlook-group-fix" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
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          <tbody>
           <tr>
            <td align="center" style="font-size:0px;padding:12px 5px;word-break:break-word;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:separate;width:100%;line-height:100%;">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" role="presentation" style="border:none;border-radius:4px;cursor:auto;mso-padding-alt:10px 25px;background:#f8f9ff;" valign="middle">
                 <a style="display:inline-block;background:#f8f9ff;color:#030303;font-family:Inter,sans-serif;font-size:13px;font-weight:normal;line-height:120%;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:4px;" target="_blank">
                  <span aria-hidden="true" role="img">
                   🔥
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                  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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          <tbody>
           <tr>
            <td align="center" style="font-size:0px;padding:12px 5px;word-break:break-word;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:separate;width:100%;line-height:100%;">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" role="presentation" style="border:none;border-radius:4px;cursor:auto;mso-padding-alt:10px 25px;background:#f8f9ff;" valign="middle">
                 <a style="display:inline-block;background:#f8f9ff;color:#030303;font-family:Inter,sans-serif;font-size:13px;font-weight:normal;line-height:120%;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:4px;" target="_blank">
                  <span aria-hidden="true" role="img">
                   👍
                  </span>
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alright
                 </a>
                </td>
               </tr>
              </tbody>
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            </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" role="presentation" style="vertical-align:top;" width="100%">
          <tbody>
           <tr>
            <td align="center" style="font-size:0px;padding:12px 5px;word-break:break-word;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:separate;width:100%;line-height:100%;">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" role="presentation" style="border:none;border-radius:4px;cursor:auto;mso-padding-alt:10px 25px;background:#f8f9ff;" valign="middle">
                 <a style="display:inline-block;background:#f8f9ff;color:#030303;font-family:Inter,sans-serif;font-size:13px;font-weight:normal;line-height:120%;margin:0;text-decoration:none;text-transform:none;padding:10px 25px;mso-padding-alt:0px;border-radius:4px;" target="_blank">
                  <span aria-hidden="true" role="img">
                   😒
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                  ...Meh
                 </a>
                </td>
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             </table>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
   <!--[if mso | IE]>
</td></tr></table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="" role="presentation" style="width:600px;" width="600" bgcolor="#f8f9ff"><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;">
<![endif]-->
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    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:#f8f9ff;background-color:#f8f9ff;width:100%;">
     <tbody>
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        <!--[if mso | IE]>
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        <div class="mj-column-per-100 mj-outlook-group-fix" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="vertical-align:top;" width="100%">
          <tbody>
           <tr>
            <td align="center" style="font-size:0px;padding:10px 25px;word-break:break-word;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;">
              <tbody>
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