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   Daily 2025-11-14
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   Plus, the US government got back to work. | Your Daily Brief is ready |
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               Fri, Nov 14 | 3:08 read time
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                     WHAT'S
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                       All metrics are as of the latest market close.
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                    <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">
                          1.64% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          6,739
                         </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">
                          0.87% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $4,177
                         </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">
                          3.14% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $98,469
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *24-hour change
                         </td>
                        </tr>
                       </tbody>
                      </table>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
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</td><td class="" style="vertical-align:top;width:32.16px;">
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                     <td align="left" style="font-size:0px;padding:10px 25px;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
                      <div style="font-family:Inter,sans-serif;font-size:1px;line-height:1.5;text-align:left;color:#000000;">
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                 </td>
                </tr>
               </tbody>
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</td><td class="" style="vertical-align:top;width:251.92px;">
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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;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>
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                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          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">
                          1.05% ▼
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          9,808
                         </td>
                        </tr>
                        <tr>
                         <td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
                          BRENT OIL
                         </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">
                          0.45% ▲
                         </td>
                         <td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
                          $62.99
                         </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:#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">
                          4.11%
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *10-year government yield
                         </td>
                        </tr>
                       </tbody>
                      </table>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
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</td></tr><tr><td class="" width="600px">
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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>
                </td>
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                    <td style="width:536px;">
                     <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%252F114%252F314%252F509%252FP0ev7XDZrzqNbrdX6MjR9og8N%252F5477553a8152837c59fa6fd3aabed5adddbee58f.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D6aabb59a175535d0ab2db3d6fdc1b915/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg3ODQ1NH0:1vJpHr:jbtUtnFIyrd4qIiXjCr9ohrb4H3P8b0pziM3Hy0E8vY" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
                    </td>
                   </tr>
                  </tbody>
                 </table>
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            </td>
           </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="10zqs">
                        ⚫️ Microsoft and OpenAI took things to the next level.
                       </p>
                       <p data-block-key="4tbqk">
                        ⚫️ The US government reopened for business.
                       </p>
                       <p data-block-key="4pcl4">
                        ➕ What to know if you’re wondering whether to buy more gold – or take profits.
                       </p>
                       <p data-block-key="fu4ld">
                        <b>
                         👇 Keep reading to find out more
                        </b>
                       </p>
                      </div>
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                          <a target="_blank">
                           <img alt="Trimaxian at MIS25 London" 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%252FMIS25-1000x250-EmailBanner-_DaveElkins.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D2859cebccda87493a437cf47469989b0/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg3OTY5fQ:1vJpHr:2LyNQzkbeoUFfl19rS7loZoKeA1D9MiZHSmb9hDiJ7E" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
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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">
                     Joined At The Chip
                    </span>
                   </mj-raw>
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                      <a target="_blank">
                       <img alt="Joined At The Chip" 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-131125-MsoftOpenAI.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D1bb77f222150d0e30b23ae8881d58d53/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg4MDg4MX0:1vJpHr:HQmfF9m_OcP6K_lLQ3qJtgFA_LufoG53mkrzmERZntU" 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="f6xcq">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="4dav1">
                    Microsoft is officially
                    <a>
                     working
                    </a>
                    with OpenAI to develop custom AI chips, so the duo’s basically now close enough to finish each
other’s (ambitious) sentences.
                   </p>
                   <p data-block-key="3o4dr">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="b846b">
                    The Big Tech firm just so happens to be the ChatGPT maker’s biggest financial backer. And under the new setup, Microsoft will get access to OpenAI’s models and – importantly – its custom chip research. OpenAI will build the new chips and networking hardware, and let Microsoft adapt the designs for its own systems. For a company that's lagged way behind both Google and Amazon in
semiconductor design, it’s a friendship with huge benefits – where OpenAI's hardware will essentially become Microsoft's.
                   </p>
                   <p data-block-key="99ttc">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="41b6a">
                    <b>
                     <i>
                      For markets:
                     </i>
                    </b>
                    <i>
                     Microsoft’s ready to take things to the next level.
                    </i>
                   </p>
                   <p data-block-key="4pg1">
                    The new partnership pulls Microsoft deeper into every layer of the AI stack – chips, networking, models, applications. By coupling up with OpenAI, Microsoft locks down the software
brains
                    <i>
                     and
                    </i>
                    the hardware muscle behind AI’s next era.
                   </p>
                   <p data-block-key="53coo">
                    ► This arrangement redraws the industry’s power map: Microsoft has long leaned on Nvidia’s chips, but working with OpenAI on its own silicon will change that.
                   </p>
                   <p data-block-key="cf2rh">
                    ► Microsoft could quickly catch up to competitors who’ve built their own chips – more slowly – from scratch, like Google, Amazon, and Meta.
                   </p>
                   <p data-block-key="5mo9n">
                    <b>
                     <i>
                      Zooming out:
                     </i>
                    </b>
                    <i>
                     It’s complicated.
                    </i>
                   </p>
                   <p data-block-key="ca7ie">
                    Things aren’t exactly clear between Microsoft, OpenAI, and their investors. Under accounting rules, Microsoft has to count OpenAI as a “related party”, which means it’s
                    <i>
                     required
                    </i>
                    to share financial details with investors. But so far, it hasn’t – and the details that investors have gleaned from Microsoft’s latest earnings report are messy.
                   </p>
                   <p data-block-key="7nn15">
                    ► The Big Tech firm owns 27% of OpenAI, and it just took a $4 billion loss tied to that stake
– about 12% of Microsoft’s quarterly pre-tax profit.
                   </p>
                   <p data-block-key="ctnl4">
                    ► According to Microsoft, its OpenAI stake is worth $135 billion – but that number could feasibly fall to zero if the startup keeps torching cash.
                   </p>
                   <p data-block-key="8d8na">
                    ► Until Microsoft opens the books, investors will be left guessing about the real cost of tech's sexiest couple.
                   </p>
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                   You might also like ⇢
                   <a>
                    Don’t Chase AI – Back The Companies Using It
Best
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                      👀
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                      Today's Insight
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                    <span style="background-color:#EFFF0D;display:inline">
                     The Metal That Does Nothing Is Suddenly Saying A
Lot
                    </span>
                   </mj-raw>
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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">
                    Gold’s having a glittering year – no question about it. But what’s interesting about this rally is
                    <a>
                     what
                     <i>
                      isn't
                     </i>
                     driving it
                    </a>
                    .
                   </p>
                   <p data-block-key="cflol">
                    <a>
                     Inflation
                    </a>
                    isn’t spiraling like it was a few years ago –
let alone back in the 1970s. And we’re not reliving a catastrophic
                    <a>
                     financial collapse
                    </a>
                    like the one in 2008.
                   </p>
                   <p data-block-key="2qmf7">
                    Gold’s
                    <a>
                     rise
                    </a>
                    looks less like panic and more like reflection: a growing unease about the monetary system itself, mixed with geopolitical friction that’s making investors rethink what “safe” really means.
                   </p>
                   <p data-block-key="d6mo4">
                    <b>
                     So that’s today’s Insight:
                    </b>
                    <a>
                     is this a good time to invest in gold – or has its moment passed
                    </a>
                    ?
                   </p>
                   <p data-block-key="5ooon">
                    <a>
                     <b>
                      Read or listen to
the Insight here
                     </b>
                    </a>
                   </p>
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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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg4NDg0fQ:1vJpHr:-VrTtjnqkPiDTFUOjJ0u9tqrr3m3jnUVYLZKuLF02kI" 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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                       <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                        <a style="color:#4C5469;font-weight:400">
                         Theodora
Lee Joseph, CFA
                        </a>
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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:italic">
                     SPONSORED BY SURF AIR MOBILITY
                    </span>
                   </mj-raw>
                  </div>
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                      <a target="_blank">
                       <img alt="Surf Air Mobility" 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%252FFINIMIZE_1000x500px_2.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D05e4b260ab734c5c579a0d90016ee321/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg4NTk0M30:1vJpHr:rAwV4POpR926qeIjJRWBSp4TN024CTSrP6ik8S6cqP8" 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;">
                   <h3 data-block-key="n9wnr">
                    <b>
                     Every tech revolution has its pioneers.
                    </b>
                   </h3>
                   <p data-block-key="3eqgu">
                    Electric cars had Tesla. Space had SpaceX. Now, air travel has
                    <a>
                     Surf Air Mobility
($SRFM)
                    </a>
                    .
                   </p>
                   <p data-block-key="hnpp">
                    The company is already one of America’s biggest commuter airlines, pulling in $100 million-plus in revenue. And now, it’s creating a platform that combines an AI-enabled operating system (powered by Palantir), future electrified aircraft, and a nationwide flight network.
                   </p>
                   <p data-block-key="424qu">
                    In other words,
                    <a>
                     it’s aiming to disrupt regional air mobility
                    </a>
                    – a market forecast to
hit $100 billion by 2035.
                   </p>
                   <p data-block-key="5cc88">
                    You could say the next transportation revolution is airborne: check out
                    <a>
                     Surf Air Mobility ($SRFM)
                    </a>
                    .
                   </p>
                  </div>
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                      <a style="display:inline-block;background:#204CE9;color:#ffffff;font-family:Inter,sans-serif;font-size:13px;font-weight:700;line-height:1.2;margin:0;text-decoration:none;text-transform:none;padding:10px
25px;mso-padding-alt:0px;border-radius:1000rem;" target="_blank">
                       <span style="color:#FFFFFF">
                        Learn More
                       </span>
                      </a>
                     </td>
                    </tr>
                   </tbody>
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                 <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:12px;line-height:1.5;text-align:left;color:#5E6984;">
                   Please see important disclosures below*
                  </div>
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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>
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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">
                     43 Days Later
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
                <tr>
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                    <tr>
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                      <a target="_blank">
                       <img alt="43 Days Later" 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-131125-43Days.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D1de84b87871427374485381236f07ebb/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg4NzA4NX0:1vJpHr:2z_7yxeUDp_pvOUI7lYHnUCc4eKyWYczdEu1D2VX-1Q" 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="1anb4">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="fr3cn">
                    The US government is getting back to business after a record 43-day shutdown that furloughed hundreds of thousands of workers and turned the country’s economic data dark.
                   </p>
                   <p data-block-key="koor">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="dv79k">
                    Congress pushed through a last-minute spending bill late on Wednesday, reopening offices and restoring federal paychecks – at least, for now. See, the bill only funds the government until January 30th, leaving the door open for a 2026 sequel that the market definitely doesn’t want.
                   </p>
                   <p data-block-key="4jrpr">
                    ⚠️ The shutdown was an economic jump scare, slashing an estimated 1.5 percentage points off quarterly growth.
And only
                    <i>
                     some
                    </i>
                    of that is expected to bounce back as workers receive backpay and agencies return to normal operations.
                   </p>
                   <p data-block-key="933ae">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="djooc">
                    <b>
                     <i>
                      Zooming in:
                     </i>
                    </b>
                    <i>
                     The shutdown’s over, but the fallout isn’t.
                    </i>
                   </p>
                   <p data-block-key="8t4or">
                    Government shutdowns used to be rare political gambits. Now, they’re almost baked into the US budgeting process – and that creeping dysfunction carries real economic costs.
                   </p>
                   <p data-block-key="1rcpi">
                    ► Contractors charge more to protect against late payments, infrastructure projects get delayed, and agencies bleed talent and morale.
                   </p>
                   <p data-block-key="9j88m">
                    ► What’s more, every shutdown makes the country look a little less reliable as the world’s financial anchor.
                   </p>
                   <p data-block-key="488kn">
                    ► That nudges America’s borrowing costs up and the value of the US dollar down.
                   </p>
                   <p data-block-key="6s15b">
                    <b>
                     <i>
                      Zooming out:
                     </i>
                    </b>
                    <i>
                     Flying blind.
                    </i>
                   </p>
                   <p data-block-key="14qpi">
                    Stocks didn’t flinch through the disruption: the S&amp;P 500 even rose 2.4% to hit new highs. But that calm might not last. Key reports on inflation, jobs, and consumer spending were all delayed – and some important data might never be collected at all. That leaves the Federal Reserve heading into its next interest rate decision with stale numbers and patchy estimates, raising the odds of it making the wrong move.
                   </p>
                  </div>
                 </td>
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                   <a>
                    Why This Could Be A Good Time For
Short-Term Corporate Bonds
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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>
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                <tr>
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                   🦾
                   <a>
                    Cisco Systems Outpaces Wall Street With
Strong Quarterly Results
                   </a>
                  </div>
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                 <td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
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                   💉
                   <a>
                    Novo Nordisk Ups Its Game After Losing
Weight-Loss Drug Lead
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                   <mj-raw>
                    <span style="font-style:normal">
                     🖋️
                    </span>
                    <span style="font-style:italic">
                     Quote
of the day
                    </span>
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                  <div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
                   <strong>
                    "Art is not what you see, but what you make others see."
                   </strong>
                   — Edgar Degas (a French Impressionist artist)
                  </div>
                 </td>
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               </tbody>
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                      <a target="_blank">
                       <img alt="21shares at Modern Investor Summit" 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%252FMIS25-SpeakerAnnouncement-email-1000x500-21shar.original_MLAFoZn.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253De932de824c1efacd756159361fca5254/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjMxMDkzNjcuNDg4OTQ2N30:1vJpHr:xAzTpXUb7gNuoDGitrbYFQCN54tBAtEXlllIYpJHDyQ" 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;">
                   <h4 data-block-key="oj2gk">
                    <b>
                     Bitcoin’s record-breaking run might make you feel like you’ve missed your chance.
                    </b>
                    <br/>
                   </h4>
                   <p data-block-key="epdbk">
                    Sure, a time machine wouldn’t go amiss right now – but there’s still plenty of opportunity if you know where to
look. In fact, if you know your way around the ecosystem, you could find cheaper (and maybe even better) ways to invest in digital assets.
                    <br/>
                    <br/>
                    So consider this your map: Duncan Moir – president of cutting-edge crypto platform
                    <a>
                     21shares
                    </a>
                    – is joining our Modern Investor Summit in December.
                    <a>
                     Join our sessions to find out why, how, and when you might consider crypto.
                    </a>
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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>
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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>
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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%">
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                        1.
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                         I see you’ve been missing work...
                        </b>
                        The
                        <a>
                         $120 million crypto hack
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                        built on an Office Space exploit.
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                         iPhone, therefore iD.
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                        Apple just launched
                        <a>
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                        that the TSA will accept.
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                         Talk about paying dividends…
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                        Find out which country
                        <a>
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                        .
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                        4.
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                         The economy’s getting weird.
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                        Here’s how to
                        <a>
                         future-proof your career
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                        .
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                        🔐
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                         <b>
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                        with Zac Townsend (CEO at Meanwhile): December 2nd, 5:00pm UK time
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             <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>
              ,
              <a style="color:inherit;font-weight:inherit">
               Russell
              </a>
              , and
              <a style="color:inherit;font-weight:inherit">
               Theodora
              </a>
              .
Got an idea? A question?
              <a>
               Get in touch
              </a>
              .
             </div>
            </td>
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          <tbody>
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                    <span style="font-style:normal">
                     💌
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                     THAT
WAS GREAT FOR US... HOW WAS IT FOR YOU?
                    </span>
                   </mj-raw>
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