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Daily 2025-11-22
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Plus, Japan approved its biggest stimulus package since the days of Covid. | Your Daily Brief is ready |
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Sat, Nov 22 | 3:13 read time
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All metrics are as of the latest market close.
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S&P 500
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.99% ▲
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6,604
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GOLD
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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">
0.02% ▼
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$4,059
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BITCOIN*
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scroll down for info
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
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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%">
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FTSE 100
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.13% ▲
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9,540
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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">
1.44% ▼
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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">
$62.47
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US BONDS*
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.04% ▼
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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">
4.06%
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*10-year government yield
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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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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="10zqs">
⚫️ AI bubble worries made for a wild week in markets
</p>
<p data-block-key="dcn44">
⚫️ Japan rolled out its biggest stimulus since the pandemic
</p>
<p data-block-key="s18">
<b>
➕
</b>
One man’s junkyard stock could be your compounding treasure
</p>
<p data-block-key="464u7">
<b>
👇 Keep reading to find out more
</b>
</p>
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Today's headlines
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Fear Factor
</span>
</mj-raw>
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<p data-block-key="iq8vp">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="a37jq">
Markets have been on a roller coaster this week, leaving investors’ stomachs in their throats and Wall Street’s fear gauge at its highest level in six months.
</p>
<p data-block-key="90vpr">
<b>
What does this mean?
</b>
</p>
<p data-block-key="b692b">
🔻 Investors started the week on edge, worried the AI boom was headed for a dotcom-level reckoning.
</p>
<p data-block-key="cl863">
🔺 Then Nvidia
<a>
dropped
</a>
positively sunny results, proving that chip demand is still going strong and giving investors some much-needed
optimism.
</p>
<p data-block-key="8e6gl">
🔻 But Thursday’s long-delayed jobs report suggested the US labor market’s got a lot of life left – good news for the economy, but bad news for anyone hoping for another interest rate cut this year. That sent stocks sliding again, right into the S&P 500’s biggest one-day drop since April.
</p>
<p data-block-key="aapc5">
► By Friday, a Federal Reserve official hinted that a rate trim could still land within weeks, which cheered investors again – but not
enough for the S&P 500 to end the week in the black.
</p>
<p data-block-key="cq7vb">
<b>
Why should I care?
</b>
</p>
<p data-block-key="837o">
<b>
<i>
For markets:
</i>
</b>
<i>
“Hold my beer,” said crypto.
</i>
</p>
<p data-block-key="4vqs3">
Bitcoin’s heading for its worst month since 2022’s collapse, sinking 11% this week alone. That’s shaken the whole blockchain market: the total value of all crypto slipped below $3 trillion – down from $4.3 trillion in early October.
</p>
<p data-block-key="ebu5l">
⚠️
Investors betting with borrowed money liquidated
<i>
$2 billion
</i>
worth of crypto in just 24 hours, showcasing the extra risk involved when using so-called leveraged funds.
</p>
<p data-block-key="9kr9i">
<b>
<i>
For you personally:
</i>
</b>
<i>
Bubble, bubble, toil, and… well, you get it.
</i>
</p>
<p data-block-key="1a5sg">
After that choppy week, the question is whether a December rate trim will steady the ship or if it’s time to move into safer waters. But making good decisions under pressure is
always tricky. That’s why it makes sense to keep a diversified portfolio at
<i>
all
</i>
times – you know: one with bonds and commodities alongside stocks and crypto – to help lower your risk and stress levels alike.
</p>
</div>
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<img alt="Pro section" 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%252Fdaily-email%252Fpro-roundal-no-gradient.png%253Fixlib%253Dpython-3.1.2%2526s%253D935baadb6eae5c9abd1479997c269c60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjM3OTg3MDkuMzY0ODA4fQ:1vMicH:_fe6oIi8oDYkeuI0gILHbBXVG9p-6UNa13yZbw64nPc" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="100"/>
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<div style="font-family:Inter,sans-serif;font-size:22px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
<mj-raw>
<span style="background-color:#EFFF0D;display:inline">
Wreck-It… Wealth: This Scrap-Heap Stock Could Be A
Portfolio Hero
</span>
</mj-raw>
</div>
</td>
</tr>
<tr>
<td align="center" style="font-size:0px;padding:0;padding-bottom:16px;word-break:break-word;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;">
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<td style="width:536px;">
<img alt="Wreck-It… Wealth: This Scrap-Heap Stock Could Be A Portfolio Hero" 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%252FRDrop-Cover-Landscape-Copart-2.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dad71dd37ad10039822fa5cc75416dd69/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjM3OTg3MDkuMzY0OTUzNX0:1vMicH:nDSI_K-RiulscNGu5C18zp4vm8X-bUsJQPe9qAxU4CQ" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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<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="pr7ai">
This year, investments with the slightest hint of AI have
<a>
rocketed
</a>
– and everything else, well, hasn’t.
</p>
<p data-block-key="d3cim">
So I’ve been hunting for
<a>
something sturdy
</a>
: a stock that’s resilient, fairly valued, and steadily compounding. The kind of thing you buy, tuck away, and let grow.
</p>
<p data-block-key="1mtbk">
These businesses sometimes pop up in the most unlikely places – like, say,
<a>
a junkyard
</a>
.
</p>
<p data-block-key="fctv6">
That’s where
<a>
Copart
</a>
makes its money: the online
salvage auction platform turns wrecked autos into revenue.
</p>
<p data-block-key="3csgr">
That’s today’s Research:
<a>
the overlooked junkyard stock that could be your portfolio’s treasure
</a>
.
</p>
<p data-block-key="bipdg">
<a>
<b>
Read or listen to the Research here
</b>
</a>
</p>
</div>
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<img alt="Theodora Lee Joseph, CFA's profile image" 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%252Ftheodora_square.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Deb921afefd4c173a1e779caa2bcf0e24/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjM3OTg3MDkuMzY1MDgyN30:1vMicH:jYzPPI5A3wRsoGn0Ax_msnkLm0cJtPV56QdcBhtOpsc" style="border:0;border-radius:50%;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="30"/>
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<a style="color:#4C5469;font-weight:400">
Theodora
Lee Joseph, CFA
</a>
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<tbody>
<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;text-transform:uppercase;color:#204CE9;">
<mj-raw>
<span style="font-style:normal">
👀
</span>
<span style="font-style:italic">
Today's headlines
</span>
</mj-raw>
</div>
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<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:22px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
<mj-raw>
<span style="background-color:#EFFF0D;display:inline">
Not If, But Yen
</span>
</mj-raw>
</div>
</td>
</tr>
<tr>
<td align="center" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
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<tbody>
<tr>
<td style="width:568px;">
<a target="_blank">
<img alt="Not If, But Yen" 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-211125-Japan.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D4a018f27a272e2d68d9e6768a58cf5ed/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjM3OTg3MDkuMzY1MjM4NH0:1vMicH:GSp9RzcxSXvhhw0tYETu9v4tARGNe6N91JwIYwuOLXc" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<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;">
<p data-block-key="7chdp">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="fd234">
Japan unveiled a 21 trillion yen ($135 billion) stimulus bill on Friday – its biggest since the pandemic – in a move that came as… no real surprise.
</p>
<p data-block-key="7sr1v">
<b>
What
does this mean?
</b>
</p>
<p data-block-key="cioh6">
The country’s new prime minister – elected just a month ago – promised to use government spending to try to kickstart the economy. Hence, this stimulus package – which includes cash handouts for families, a gasoline tax cut, tax relief for lower earners, and investments in a few key industries.
</p>
<p data-block-key="eu638">
🔺 The government says the bill will boost Japan’s growth by 1.4% a year. (That’s timely: the economy
<i>
shrank
</i>
last
quarter for the first time in a year and a half.)
</p>
<p data-block-key="2j00e">
🔻 But the spending – of course – will come with a downside: Japan will have to issue more bonds to cover the expense. And with the country’s debt already more than double the size of its economy, that’ll add to worries about its financial health.
</p>
<p data-block-key="74f67">
<b>
Why should I care?
</b>
</p>
<p data-block-key="2kpk0">
<b>
<i>
For markets:
</i>
</b>
<i>
In it for the duration.
</i>
</p>
<p data-block-key="42rbm">
Japan’s
bonds have been dull for years, basically offering zero income. But that’s changed this year: yields on longer-dated bonds – ones maturing in ten years or more – have hit highs not seen in decades. See, the government’s spending again, inflation’s back after a decade-long absence, and the Bank of Japan has ended its massive bond-buying operations. That’s attracted foreign investors, who’ve been grabbing the assets at their fastest pace
<i>
ever
</i>
.
</p>
<p data-block-key="c4ua5">
<b>
<i>
The bigger
picture:
</i>
</b>
<i>
Everyone needs a Shiatsu massage.
</i>
</p>
<p data-block-key="3ks3n">
Tensions between Japan and China have been on the up since Japan said that it’d intervene in any conflict along the Taiwan Strait. China
<a>
retaliated
</a>
by stopping seafood imports, halting approvals for new films,
and telling its citizens not to travel to Japan. And the country capped all that off with a hint at further “serious countermeasures”. So a wider trade tiff could certainly still happen – and at a delicate time for both economies.
</p>
</div>
</td>
</tr>
<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;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
You might also like ⇢
<a>
For Japanese Stocks, Tomorrow Has Arrived
</a>
</div>
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<td style="direction:ltr;font-size:0px;padding:20px 0;padding-left:16px;padding-right:16px;padding-top:0;text-align:center;">
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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;">
<mj-raw>
<span style="font-style:normal">
✨
</span>
<span style="font-style:italic">
Sarah's Digest
</span>
</mj-raw>
</div>
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</tr>
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<![endif]-->
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What others like you are reading today...
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
🦾
<a>
Foxconn And OpenAI Team Up To Build US AI Hardware
</a>
</div>
</td>
</tr>
<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:#5E6984;">
The new partnership aims to reinforce the American AI supply chain, marking Foxconn's push beyond smartphones and supporting OpenAI’s massive investment plans.
</div>
</td>
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🤖
<a>
Tech Giants Tap Bond Markets To Fuel AI Ambitions
</a>
</div>
</td>
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<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:#5E6984;">
Alphabet, Meta, Oracle, and Amazon have raised nearly $90 billion in public bonds for AI data centers, signaling a shift from cash-funded investments while keeping leverage low.
</div>
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💶
<a>
Eurozone Keeps Growing Despite Global Uncertainty,
Says ING
</a>
</div>
</td>
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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:#5E6984;">
ING notes steady eurozone expansion, with services leading the way and growth expected to stay gradual as challenges persist.
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<span style="font-style:normal">
🖋️
</span>
<span style="font-style:italic">
Quote
of the day
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<strong>
"The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom."
</strong>
— Isaac Asimov (an American writer
and professor of biochemistry)
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<p data-block-key="lrdco">
While everyone chases the same tired plays, fortunes are building in markets most investors don’t even know about.
</p>
<p data-block-key="cnqd0">
So join Trimaxian’s investor and adviser Dave Elkins at our
<a>
Modern Investor Summit
</a>
to find out where smart money’s investing – before today’s hidden opportunities become next year’s obvious trades.
</p>
<p data-block-key="8jon2">
Meet Dave in-person at our Modern Investor Summit day in London:
<a>
grab your ticket before they sell out
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<mj-raw>
<span style="font-style:normal">
🎯
</span>
<span style="font-style:italic">
On Our
Radar
</span>
</mj-raw>
</div>
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<table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
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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="aaghi">
1.
<b>
The group chat used to be the go-to for relationship drama.
</b>
Now ChatGPT
<a>
is
blowing up marriages
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</p>
<p data-block-key="7e8h">
2.
<b>
Net nostalgia’s real.
</b>
And the “
<a>
great meme reset
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</p>
<p data-block-key="797d4">
3.
<b>
Goblets of borscht, turkey-shaped madeleines.
</b>
<a>
Martha Stewart’s 1980s dinner parties
</a>
were fever dreams – but somehow still set
the standard.
</p>
</div>
</td>
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</td>
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</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:0px;word-break:break-word;">
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</td></tr><tr><td class="" width="600px">
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<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="dqcfl">
🚨
<b>
Governments now hold $68 billion in bitcoin, up 58% from a year ago
</b>
<br/>
Track digital assets treasuries (DATs) across 150-plus entities and 14 assets, including bitcoin, ethereum and solana, on
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CoinGecko
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</p>
</div>
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<![endif]-->
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<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;">
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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>
<td style="border-top:2px solid #204CE9;direction:ltr;font-size:0px;padding:20px 0;padding-bottom:0;padding-top:8px;text-align:center;">
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<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" 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;">
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<span style="font-style:italic">
🎙 Finimize Live
</span>
</mj-raw>
</div>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr><tr><td class="" width="600px">
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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>
<td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:32px;padding-top:8px;text-align:center;">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
<![endif]-->
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<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">
<a>
<b>
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<a>
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</a>
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<b>
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<a>
<b>
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</a>
(CEO at Meanwhile): December 2nd, 5:00pm
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<b>
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<a>
<b>
The New Era Of Investor Access Through Crypto Exchange-Traded Funds And Exchange-Traded Products With Duncan Moir
</b>
</a>
(president at 21shares): December 2nd, 5:45pm UK time
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<b>
🪙
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<b>
The Next Decade For Cryptocurrency With Jean-Marie Mognetti
</b>
</a>
(co-founder and chief executive officer at CoinShares): December 2nd, 6:30pm UK time
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</div>
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<![endif]-->
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</tr>
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<![endif]-->
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<![endif]-->
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<table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="width:100%;">
<tbody>
<tr>
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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">
Karen
</a>
and
<a style="color:inherit;font-weight:inherit">
Russell
</a>
. Got an idea? A question?
<a>
Get in touch
</a>
.
</div>
</td>
</tr>
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<![endif]-->
</td>
</tr>
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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;">
<![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:0 16px;text-align:center;">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><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;">
<![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>
<td style="border-top:2px solid #204CE9;direction:ltr;font-size:0px;padding:20px 0;padding-bottom:0;padding-top:8px;text-align:center;">
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<![endif]-->
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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>
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</td></tr></table>
<![endif]-->
</td>
</tr>
</tbody>
</table>
</div>
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</td></tr></table>
</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;">
<![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-left:16px;padding-right:16px;padding-top:0;text-align:center;">
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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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Hot
stuff
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
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</div>
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</td><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
<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%;">
<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">
👍
</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" 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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