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Daily 2026-03-24
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S&P 500
</td>
<td class="s22">
1.16% ▲
</td>
<td class="s23">
6,582
</td>
</tr>
<tr>
<td class="s21">
GOLD
</td>
<td class="s24">
3.64% ▼
</td>
<td class="s23">
$4,408
</td>
</tr>
<tr>
<td class="s21">
BITCOIN*
</td>
<td class="s22">
4.35% ▲
</td>
<td class="s23">
$70,793
</td>
</tr>
<tr>
<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*24-hour change
</td>
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<td class="s19">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<td align="left" class="s8">
<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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<td class="s21">
FTSE 100
</td>
<td class="s24">
0.24% ▼
</td>
<td class="s23">
9,894
</td>
</tr>
<tr>
<td class="s21">
BRENT OIL
</td>
<td class="s24">
10.80% ▼
</td>
<td class="s23">
$100.07
</td>
</tr>
<tr>
<td class="s21">
US BONDS*
</td>
<td class="s22">
0.05% ▼
</td>
<td class="s23">
4.34%
</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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<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>
)
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<p data-block-key="10zqs">
📈 Stocks bounced as the US backed off its Iran infrastructure threat
</p>
<p data-block-key="39li8">
🤝 Berkshire Hathaway’s first big buy under its new CEO has a very Warren Buffett feel to it
</p>
<p data-block-key="1uhh4">
🛡️ How to hedge against inflation: the six assets investors use most
</p>
<p data-block-key="2bmbg">
<b>
👇
Keep reading to find out more
</b>
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Today's headlines
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Ping-Pong Hostilities
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<p data-block-key="kn9ep">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="cs2vk">
Markets bounced back on Monday, after the US president paused planned strikes against Iran’s energy infrastructure – the latest volley in a conflict that keeps jolting markets.
</p>
<p data-block-key="ao11s">
<b>
What does this mean?
</b>
</p>
<p data-block-key="7tm7o">
Geopolitical tensions rose over the weekend. The US threatened to strike Iran’s power plants
if it didn’t reopen the Strait of Hormuz shipping channel, and Iran warned that it’d hit back at critical energy and water infrastructure across the Gulf region. That left investors fearing a more lasting energy crisis – but then, the tone shifted.
</p>
<p data-block-key="10b87">
▶ On social media, the president said the US would hold off for five days – citing “constructive” talks. So investors rushed the net, pushing stocks and bonds higher – even sending the benchmark oil price down 15% at one
point.
</p>
<p data-block-key="cdvl3">
▶ But that relief rally may not stick around: Iranian authorities denied that any such talks were happening, and said there are no plans to reopen the waterway.
</p>
<p data-block-key="45c1v">
<b>
Why should I care?
</b>
</p>
<p data-block-key="4djkl">
<b>
<i>
For markets:
</i>
</b>
<i>
The usual havens don’t seem so safe.
</i>
</p>
<p data-block-key="d6vs">
Central banks – including in the US, UK, and Europe – flagged rising uncertainty and inflation risks last week. Against
that kind of backdrop, investors usually turn to government bonds for safety. But this time, that’s not been the case. See, if inflation does stay higher, that’d push interest rates up and bond prices down. Even gold isn’t much help right now: it’s down about 15% this month.
</p>
<p data-block-key="24j05">
<b>
<i>
Zooming out:
</i>
</b>
<i>
Wag the dog.
</i>
</p>
<p data-block-key="4hf3g">
There’s a pattern here: big, aggressive threats, and then a walk-back when markets react. This time, rising US
borrowing costs may have played a role. By the end of last week, investors were starting to price in an interest rate
<i>
hike
</i>
this year – when not long ago, they’d been betting on at least one cut. That’s not ideal: higher rates jack up the cost of mortgages and other loans, slowing the economy. Heading into midterm elections, that’s not what any president wants…
</p>
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<span class="s33">
Six Popular Inflation Hedges, And The Ones Most Likely To Work Now
</span>
</mj-raw>
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<p data-block-key="pr7ai">
The war in the Middle East is bringing devastating human consequences. That’s the story that
<a>
matters
</a>
most.
</p>
<p data-block-key="27h1m">
But conflicts like this don’t stop at the border – they
<a>
ripple
</a>
in ways that show up in the global economy. The near-closure of the Strait of Hormuz has sent oil and gas soaring. And since energy feeds into just about everything, that pressure could start showing up more broadly in prices.
</p>
<p data-block-key="6uqgd">
It’s not just
<a>
oil and natural gas
</a>
, either: roughly a third of the world’s fertilizer shipments pass through that chokepoint, stirring the risk of higher food prices, too.
</p>
<p data-block-key="1p9a0">
All told, that raises a familiar concern.
<a>
Inflation
</a>
could be gearing up for a comeback just as central banks were starting to feel they had it under control.
</p>
<p data-block-key="2skpj">
So that’s today’s Insight:
<a>
six popular inflation hedges, and the ones most likely to work now
</a>
.
</p>
<p data-block-key="dkk31">
<a>
<b>
Read or listen to the Insight here
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👀
</span>
<span class="s18">
Today's headlines
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Big In Japan
</span>
</mj-raw>
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<p data-block-key="agqsi">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="5o6sv">
<b>
Berkshire Hathaway
</b>
is buying a $1.8 billion stake in insurer
<b>
Tokio Marine
</b>
, adding even more heft to the big bet that ex-CEO Warren Buffett made on Japan.
</p>
<p data-block-key="1fate">
<b>
What does this mean?
</b>
</p>
<p data-block-key="8jgro">
This deal might have the new CEO’s name at the top, but it’s got Buffett’s hallmarks all over it.
</p>
<p data-block-key="fr0m9">
▶ Back in 2019, with the Oracle of Omaha at the helm, Berkshire Hathaway bought positions in five Japanese trading houses. Over time, it added to those stakes – and by the end of 2025, they were worth
<i>
$35 billion
</i>
.
</p>
<p data-block-key="6nrg7">
▶ Now, Berkshire’s picking up a 2.49% stake in Tokio Marine: Japan’s biggest property and accident insurer. To seal the deal, Tokio will hand Berkshire some shares that it repurchased earlier. Then, the Japanese firm will use
the proceeds from the agreement to fund a new share buyback of the same size. That way, the deal won’t undermine the value of existing shareholders’ stocks.
</p>
<p data-block-key="isjn">
<b>
Why should I care?
</b>
</p>
<p data-block-key="2e63h">
<b>
<i>
Zooming in:
</i>
</b>
<i>
If it ain’t broke…
</i>
</p>
<p data-block-key="fu9lr">
Berkshire’s been sitting on $373 billion in cash, and investors have been watching closely to see how the new CEO might deploy it. This deal fits the company’s mold of buying into
money-making businesses with strong balance sheets and big potential. For longtime investors, it’s a sign that the new guy’s sticking with what works.
</p>
<p data-block-key="6rdu4">
<b>
<i>
Zooming out:
</i>
</b>
<i>
These two are going steady.
</i>
</p>
<p data-block-key="624lg">
Unlike Berkshire’s earlier Japan bets, this deal comes with a partnership: the two companies are planning to work together on reinsurance and global investment opportunities. So instead of just hoping that Tokio’s share price
goes up, Berkshire has more ways to benefit. And the relationship is officially exclusive: for five years, neither side is allowed to team up with a rival Japanese insurer.
</p>
<p data-block-key="7q9gd">
▶ There’s plenty of room to take things to the next level, too. Berkshire can up its stake to 9.9% without needing further approval from Tokio’s board.
</p>
</div>
</td>
</tr>
<tr>
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
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<mj-raw>
<span class="s17">
✨
</span>
<span class="s18">
Sarah's Digest
</span>
</mj-raw>
</div>
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<mj-raw>
<span class="s18">
SPONSORED BY COINSHARES
</span>
</mj-raw>
</div>
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<a target="_blank">
<img alt="coinshares" class="s11" 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%252FNewsletter_Placement_2_1.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dd218bf29eb8a671bcb44a7f60899e27f/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzQzMDU1MjEuNjc4NDk0Mn0:1w4nuz:hV8_KP7hmf3fGNitGuL6jirRFVRsCcNQ7Z5UtcicVjc" width="568"/>
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<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:16px;padding-left:0;word-break:break-word;">
<div class="s30">
<h2 data-block-key="x56j1">
<b>
DeFi, NFTs, Web3… they all have one thing in common. Hint: it isn’t Bitcoin.
</b>
</h2>
<p data-block-key="aoe2h">
Bitcoin was built first and built for money – in that respect, it’s the OG.
</p>
<p data-block-key="7lona">
<a>
Ethereum
</a>
is something else entirely: it powers smart contracts, DeFi, NFTs and a huge share of Web3, making it a foundation layer for new financial rails and applications.
</p>
<p data-block-key="926q0">
So if you’re only holding one coin, you’re sleeping on
<a>
where the real innovation is happening
</a>
.
</p>
<p data-block-key="3rnrj">
Find out why developers and institutions keep choosing Ethereum – in plain English:
<a>
read the guide here
</a>
.
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:16px 0;word-break:break-word;">
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<span style="color:#FFFFFF">
Read It Here
</span>
</a>
</td>
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<mj-raw>
<span class="s17">
🖋️
</span>
<span class="s18">
Quote of the day
</span>
</mj-raw>
</div>
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<td align="left" class="s5">
<div class="s30">
<strong>
"The head never rules the heart, but just becomes its partner in crime."
</strong>
– Mignon McLaughlin (an American journalist)
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</td>
</tr>
</tbody>
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<td align="left" class="s31">
<div class="s16">
<mj-raw>
<span class="s17">
🎯
</span>
<span class="s18">
On Our Radar
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
<tr>
<td align="left" class="s29">
<div class="s30">
<p data-block-key="aaghi">
<b>
1. Onions? More like funions.
</b>
Finally, onions that won’t make you cry
<a>
when you chop them
</a>
.
</p>
<p data-block-key="1djug">
<b>
2. Glaze botting.
</b>
When chatbot
<a>
flattery falls flat
</a>
.
</p>
<p data-block-key="ej0i1">
<b>
3. Hot house.
</b>
Inside the Chelsea Flower Show’s trendy
<a>
"sex garden"
</a>
.
</p>
</div>
</td>
</tr>
</tbody>
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<td align="left" class="s5">
<div class="s30">
Stay classy, Sarah 😉 This issue of the Daily Brief was curated by
<a style="color:inherit;font-weight:inherit">
Reda
</a>
and
<a style="color:inherit;font-weight:inherit">
Linda
</a>
. Got an idea? A question?
<a>
Get in touch
</a>
.
</div>
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<tr>
<td align="left" class="s31">
<div class="s16">
<mj-raw>
<span class="s17">
💌
</span>
<span class="s18">
THAT WAS GREAT FOR US... HOW WAS IT FOR YOU?
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
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<table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
<tbody>
<tr>
<td align="center" class="s37">
<table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
<tbody>
<tr>
<td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
🔥
</span>
Hot stuff
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
<!--[if mso | IE]>
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<td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
👍
</span>
Just alright
</a>
</td>
</tr>
</tbody>
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</td>
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</tbody>
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<a class="s40" target="_blank">
<span aria-hidden="true" role="img">
😒
</span>
...Meh
</a>
</td>
</tr>
</tbody>
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</td>
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</tbody>
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