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   Daily 2026-02-06
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                     WHAT'S
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                       All metrics are as of the latest market close.
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             <!--[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;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%">
                       <tbody>
                        <tr>
                         <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">
                          1.20% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          6,800
                         </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">
                          2.50% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $4,827
                         </td>
                        </tr>
                        <tr>
                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          BITCOIN*
                         </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">
                          12.41% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $63,940
                         </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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                          FTSE 100
                         </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">
                          0.90% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          10,309
                         </td>
                        </tr>
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                          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">
                          3.08% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $67.32
                         </td>
                        </tr>
                        <tr>
                         <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:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
                          0.08% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          4.21%
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *10-year government yield
                         </td>
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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" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fimages.bannerbear.com%252Fdirect%252F7Q4rjJzQn7vZo8qPOx%252Frequests%252F000%252F129%252F824%252F737%252FZwVbKlDe9Y88KxonY8moa3jPM%252F4445d0ba24955c918c8381fe4d8f5c3c7e421892.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Da1bdeb7e01d4479028277aaa29964e72/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzAzNjU3NzguODQxNzM0fQ:1voH0k:M4M67Bo161TJJRpMHNI5QMSp7gPtivHpVWxFqV4_Gdo" 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">
                        😮‍💨 Amazon’s incomings were a pretty package, but its outgoings weren’t exactly what investors ordered
                       </p>
                       <p data-block-key="8rrll">
                        🚀 Elon Musk
is taking SpaceX public, and he wants the firm to skip the stock market index waiting list
                       </p>
                       <p data-block-key="7b4gk">
                        ➕ Bitcoin slipped 40%: here’s why – and what now
                       </p>
                       <p data-block-key="34oei">
                        <b>
                         👇 Keep reading to find out more
                        </b>
                       </p>
                      </div>
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                   <mj-raw>
                    <span style="font-style:normal">
                     👀
                    </span>
                    <span style="font-style:italic">
                     Today's headlines
                    </span>
                   </mj-raw>
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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">
                     Signed, Sealed, Under‑Delivered
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
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                 <td align="center" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
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                     <td style="width:568px;">
                      <a target="_blank">
                       <img alt="Signed, Sealed, Under‑Delivered" 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-050226-AmazonEarnings.original.png%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D1ef9e9728931816be4f1c47f652e9674/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzAzNjU3NzguODQxODY5fQ:1voH0k:IkkisCLQnXvunifKnmVz7zw_W2322Rtb-r0h914Ed5I" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
                      </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="zwa6x">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="bt117">
                    <b>
                     Amazon
                    </b>
                    delivered more revenue than expected last quarter – but investors still marked the stock "return to sender".
                   </p>
                   <p data-block-key="efttn">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="2leh4">
                    Amazon made 14% more revenue than the same time the year before – a slightly better result than analysts expected. (Mind you, profit still came in a touch below forecasts.) That was mainly thanks to a solid performance from Amazon Web Services: revenue there grew by nearly a quarter compared to the year before – better than predicted. Ad sales came in higher than analysts had penciled in, too. Together, that reinforces Amazon’s reputation of doing more than just
retail.
                   </p>
                   <p data-block-key="6dfk3">
                    ⚠️ Problem is, the firm’s spending plans also came in, ahem, above expectations. Amazon’s earmarked $200 billion to splash this year – roughly $50 billion more than analysts were predicting. No prizes for guessing where it’s headed: AI infrastructure, chips, and robotics. That’ll tamp down profit, which Amazon thinks could land as low as $16 billion this quarter – $6 billion shy of analysts’ forecasts. And
                    <i>
                     that
                    </i>
                    helps explain why investors initially
sent the stock down about 10% after the results.
                   </p>
                   <p data-block-key="8hfel">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="c9326">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Amazon needs a robot-omy.
                    </i>
                   </p>
                   <p data-block-key="a8tdj">
                    Amazon is reportedly in advanced talks to pump up to $50 billion into OpenAI – one way to admit that Alexa needs a brain transplant.
                   </p>
                   <p data-block-key="7sub6">
                    ▶ See, the voice assistant has fallen behind smooth-talking rivals like OpenAI’s ChatGPT and
                    <b>
                     Google’s
                    </b>
                    Gemini. So by tapping into OpenAI’s know-how, Amazon could close that performance gap – and, more broadly, make AI feel less like a party trick and more like actual infrastructure across its whole ecosystem.
                   </p>
                   <p data-block-key="atbmc">
                    ▶ Besides providing tech support, OpenAI will say “thanks for the cash” by going to Amazon Web Services for more computing muscle and custom chips. That’d bolster Amazon’s most profitable segment – at a time when its AI tab is only growing.
                   </p>
                  </div>
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                     👀
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                    <span style="font-style:italic">
                     Today's headlines
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                    <span style="background-color:#EFFF0D;display:inline">
                     Priority Boarding
                    </span>
                   </mj-raw>
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                      <a target="_blank">
                       <img alt="Priority Boarding" 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-050226-SpaceX.original.png%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D01902c2da9e311d2807195e0707911cb/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzAzNjU3NzguODQyNDUxOH0:1voH0k:F_pkTGJtBSEDBTStyGGDL3PFtLfw6vfK3mY_4RDkUeg" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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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="7dao0">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="50qcb">
                    Not content with simply launching SpaceX into the stock market, Elon Musk wants the firm added to major indexes at light speed.
                   </p>
                   <p data-block-key="dde2k">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="9eb02">
                    Musk is lining up the newly
                    <a>
                     merged
                    </a>
                    SpaceX-xAI entity for a stock market debut later this year – targeting a valuation as high as $1.5 trillion, no less. That would instantly rank the firm among the biggest publicly traded companies in the US. But Musk, of course is shooting
for the stars: not satisfied, he’s already sounding out index providers about getting SpaceX added to major benchmarks much earlier than is normally allowed.
                   </p>
                   <p data-block-key="1hdsj">
                    ▶ See, once a company’s shares have been added to an index, all the funds tracking it (and there are a lot) have no choice but to buy in. That creates a steady source of demand for the stock.
                   </p>
                   <p data-block-key="6rnaa">
                    ▶ But newly listed firms typically have to prove themselves for a few months before being
included, in order to demonstrate that their shares can handle heavy trading without crazy price swings. SpaceX – on brand – wants to accelerate that part of the process.
                   </p>
                   <p data-block-key="ai03">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="3ac2f">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Buy, buy, baby.
                    </i>
                   </p>
                   <p data-block-key="e8anq">
                    Musk is basically trying to dodge one of the trickiest moments for freshly listed companies. When a firm first goes public, employees and early backers are
usually barred from selling their shares for a few months – but once that “lockup” period ends, a ton of shares can hit the market all at once. That can hit their price hard – especially if the company in question is already highly valued and not making a lot of profit.
                   </p>
                   <p data-block-key="dofqs">
                    ⚠️ If Musk can line up index funds to start buying SpaceX shares early, that built‑in demand
                    <i>
                     could
                    </i>
                    help soak up those insider sales and keep the price steadier. But there’s no guarantee that’ll
fully plug the gap. And if the share price does take a hit, SpaceX being included in major indexes means that the drop will show up in your portfolio, too.
                   </p>
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                    "Life is like a game of cards. The hand you are dealt is determinism; the way you play it is free will."
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                   – Jawaharlal Nehru (a statesman and
former prime minister of India)
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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">
                     On Our
Radar
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
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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>
                         Robin Hood, if he just
                        </b>
                        <b>
                         <i>
                          loved
                         </i>
                        </b>
                        <b>
                         streaming.
                        </b>
                        Everyone’s stealing TV from the rich and giving it… well,
                        <a>
                         to themselves
                        </a>
                        .
                       </p>
                       <p data-block-key="b0ela">
                        2.
                        <b>
                         The Apple of my “i”.
                        </b>
                        <a>
                         China decided it likes iPhones again
                        </a>
                        .
                       </p>
                       <p data-block-key="18q4u">
                        3.
                        <b>
                         Grab your dehydrated astronaut snacks and strap in.
                        </b>
                        Inside NASA’s mission to
                        <a>
                         put humans
back on the moon
                        </a>
                        .
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
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          </tbody>
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        <!--[if mso | IE]>
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</td></tr></table>
<![endif]-->
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      </tr>
     </tbody>
    </table>
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</td></tr></table>
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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">
                     Finimize Live
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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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="444pp">
                        <a>
                         Grab your free ticket
                        </a>
                        🎟️
                       </p>
                       <p data-block-key="bf3pd">
                        🪙
                        <a>
                         Crypto In A Modern Portfolio
                        </a>
                        : February 24th, 5pm UK time
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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<![endif]-->
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        <!--[if mso | IE]>
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</td></tr></table>
<![endif]-->
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        <!--[if mso | IE]>
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          <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">
               Naomi
              </a>
              and
              <a style="color:inherit;font-weight:inherit">
               Theodora
              </a>
              . Got an idea? A question?
              <a>
               Get in touch
              </a>
              .
             </div>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
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<![endif]-->
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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>
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        </div>
        <!--[if mso | IE]>
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<![endif]-->
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     </tbody>
    </table>
   </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;">
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     <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;">
<![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">
                   🔥
                  </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]-->
        <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>
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          </tbody>
         </table>
        </div>
        <!--[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="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>
                  ...Meh
                 </a>
                </td>
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        <!--[if mso | IE]>
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<![endif]-->
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<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;">
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             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-spacing:0px;">
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