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   India made its biggest rate cut in five years |
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                   Hi Sarah, here's what you need to know for
                   <strong>
                    June 7th
                   </strong>
                   in
                   <strong>
                    3:06 minutes
                   </strong>
                   .
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                     Tesla’s stock suffered a record one-day loss, as its CEO engaged in a very public spat with the US president
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                     Our analyst busted ten dangerous but common investing myths –
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                      Read Now
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                     India’s central bank announced a jumbo interest rate cut, aiming to rev up the country’s economy even as global uncertainty grows
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                     🍫 Finimized over a hot chocolate at
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                      Black River Roasters
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                     in New Jersey, USA (🌧 29°C/84°F)
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               Fall Out Boys
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               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="cdsaa" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               President Trump and Elon Musk have been going down swingin’ – and Tesla’s stock has been taking the hits, falling 14% on Thursday alone.
              </p>
              <p data-block-key="6jqpr" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="as6f6" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The pair’s very public dispute has upset the stock market more than anything else. On Thursday, the president threatened – via social media – to end the government contracts and subsidies benefiting all of Musk’s firms. That was enough of a warning for investors, who dumped Tesla’s shares in a hurry. The selloff left the stock down 41% from its December peak and stripped $153 billion from the firm’s market value – its worst one-day loss ever. The whole snafu is a good reminder of just how tightly Tesla’s valuation is tied to the personality and politics of its loved and loathed CEO.
              </p>
              <p data-block-key="ampk4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="dmeup" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                A demand problem wrapped in a reputation problem.
               </i>
              </p>
              <p data-block-key="13go2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Tesla’s stock price has always been about more than EV sales: it’s ridden both the Musk mythos and a healthy flow of federal backing. Now, both are on unstable ground. Political risks are changing the calculations – as is having a CEO who now divides as much as he innovates. At the same time, Tesla’s grip on the market has been stalling: UK and German sales plunged last month, even as overall EV sales in both countries surged. Blame a product lull if you want, but drivers are clearly shifting away from Tesla.
              </p>
              <p data-block-key="30nm1" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 The bigger picture:
                </i>
               </b>
               <i>
                Political… capital.
               </i>
              </p>
              <p data-block-key="76mne" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The EV maker’s fall from grace shows just how much political turmoil feeds into investor returns. Forget earnings forecasts: markets these days are responding more to regulatory swings, political friendships, and where firms stand in the culture wars. With every headline that stirs uncertainty, “risk premiums” go up. Translation: investors will demand higher returns to stomach a bit of drama. And right now, Tesla’s got drama in spades.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
              </p>
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              <p data-block-key="arelz" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
               <b>
                You might also like:
               </b>
               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                Political risk is part of a stock’s value now, and you can’t afford to tune it out
               </a>
               .
              </p>
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/fallout-boys
                  </a>
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                         <span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
                          FROM OUR RESEARCH DESK
                         </span>
                        </td>
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                         <h2 style="font-weight: 700; line-height: 1.25; margin-bottom: 16px; font-size: 24px; color: #FFFFFF; margin: 0 0 4px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                          Ten Dangerous Investment Myths: Busted
                         </h2>
                         <p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
                          Theodora Lee Joseph, CFA
                         </p>
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                    </td>
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                    <td style="padding: 8px 32px 0 0;">
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                      <img alt="Ten Dangerous Investment Myths: Busted" 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%252Ften-dangerous-investment-myths-busted-Dhj0Iew.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Df7982ef784806c3503dec3416f365a6a/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NDkyNDc0NzguMDQzNjY2Nn0:1uNfB0:EBG02eg5_dLsObW5vWgYUKv5FnapaKtA1PeEUnE3Qmw" style="max-width: 300px; border-radius: 4px;" width="300"/>
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                     <p data-block-key="xjbe2" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      There are charlatans, fear-mongering news, and
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       wrong assumptions
                      </a>
                      lurking around every corner.
                     </p>
                     <p data-block-key="1n2dr" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      Some of them are easy to spot, but many of them – often with an ounce of truth behind them –
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       work their way into our psyches
                      </a>
                      , even if we’re not aware of it.
                     </p>
                     <p data-block-key="4ls99" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      And because those
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       false beliefs
                      </a>
                      could hinder your success, I’ve gone ahead and
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       busted ten of the most risky ones
                      </a>
                      to help keep you straight.
                     </p>
                     <p data-block-key="fhfav" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      So that’s today’s Insight:
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       I’ve busted ten of the most dangerous – and most common – investing myths
                      </a>
                      .
                     </p>
                     <p data-block-key="8s336" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; color: #fff;">
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       <b>
                        Read or listen to the Insight here
                       </b>
                      </a>
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                  <span style="display: inline-block; background-color: #4AF1E7; padding: 2px 8px 2px 4px; transform: skew(-15deg); -webkit-transform: skew(-15deg); -ms-transform: skew(-15deg);">
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                    <span class="text-heading1 font-black" style="font-weight: 900; font-size: 18px; line-height: 1;">
                     *
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                  <span class="text-small text-black font-black" style="font-weight: 900; color: #283444; font-size: 14px; margin-left: 8px; vertical-align: middle;">
                   SPONSORED BY BAILLIE GIFFORD
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                 <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
                  <h4 data-block-key="wnqe4" style="font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.25; margin-bottom: 16px; color: #171E27; font-size: 20px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                   <b>
                    You might be tempted to cash out and hide your money under the bed.
                   </b>
                  </h4>
                  <p data-block-key="fkj1c" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                   But don’t let volatility wipe out years of hard work and patience: investors can be rewarded for staying the course when markets fluctuate, while panic-sellers often lose out.
                   <br/>
                   <br/>
                   And don’t forget, you can take advantage of moving prices by
                   <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                    making quality investments at cheaper prices
                   </a>
                   .
                  </p>
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                   Baillie Gifford is a prime example of long-term conviction. The firm’s Scottish Mortgage Investment Trust invests in transformational companies (from Big Tech to early-stage disruptors) over a time horizon of at least five years each,
                   <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                    giving them the opportunity  to reach their potential and recover from market volatility
                   </a>
                   .
                  </p>
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                      Discover More
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                <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
                 <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
                  <p data-block-key="egu4h" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; font-size: 12px; color: #9FA1A5;">
                   Your capital is at risk. The Scottish Mortgage Investment Trust is managed by Baillie Gifford &amp; Co Limited. Baillie Gifford &amp; Co and Baillie Gifford &amp; Co Limited are authorised and regulated by the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford &amp; Co Limited are listed on the London Stock Exchange and are not authorised or regulated by the FCA. A Key Information Document is available by visiting
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               Half Way
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               <b>
                What’s going on here?
               </b>
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               India’s central bank cut its key interest rate by half a percentage point on Friday, in a bigger-than-expected move aimed at boosting consumer and business spending.
              </p>
              <p data-block-key="13a1n" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
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               The Reserve Bank of India (RBI) didn’t just trim the country’s benchmark lending rate to 5.5%: it also slashed the “cash reserve ratio” – the fraction of deposits that banks need to set aside – by a full percentage point. That’ll free up billions of rupees for banks to lend. The move comes at an interesting time: inflation has cooled and economic growth has gathered steam, but the global picture seems shakier by the day. That may be why the RBI took a more neutral tone on how things might go from here. The central bank’s message was less “cheap lending forever” and more “let’s play it by ear”.
              </p>
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               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="2l76l" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                Mo’ credit, mo’ spending.
               </i>
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              <p data-block-key="8vk6f" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               India’s economy expanded at a not-to-be-sneezed-at 7.4% last quarter. Now, this cut could keep that pace peppy – and maybe even push growth closer to the country’s 8% target. And on that point, stocks seemed hopeful. The Sensex – one of India’s main indexes – rose nearly 1% after the announcement, with banks leading the rally. Makes sense: cheaper credit means more spending by everyday folk and businesses alike, leading to higher economic growth. Or, that’s the idea at least.
              </p>
              <p data-block-key="f4d14" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 Zooming in:
                </i>
               </b>
               <i>
                Real estate could get real interesting.
               </i>
              </p>
              <p data-block-key="b2pil" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               Lower interest rates mean cheaper mortgages – a big win for potential homebuyers across India’s growing middle class. It’s also a win for the country’s property developers with places to sell. Put together with the cash reserve ratio cut, that’ll mean more funding for future real estate projects and the potential for quicker turnarounds. So you might be wise to keep an eye on India’s property sector.
              </p>
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               <b>
                You might also like:
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               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                India vs. China – The battle of the two biggest emerging markets
               </a>
               .
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                   Copy to share story:
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                  QUOTE OF THE DAY
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                  "The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it."
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                  – Terry Pratchett (an English author, humorist, and satirist)
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                    Thanks for reading this far. We appreciate it more than words can express.
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                        🎯 On Our Radar
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                        1.
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                         Let’s hit the beach… in six hours.
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                        Backward beach days can be
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                         a stress-saving hack for family holidays
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                        .
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                        2.
                        <b>
                         Don’t leave your options to chance.
                        </b>
                        Master
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         two powerful strategies
                        </a>
                        that can give your portfolio a serious edge.
                       </p>
                       <p data-block-key="3gip" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        3.
                        <b>
                         So much for toxic positivity.
                        </b>
                        ChatGPT won’t hold back when
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         critiquing your business idea
                        </a>
                        .
                       </p>
                       <p data-block-key="bghom" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        4.
                        <b>
                         Animals have been pulled into politics.
                        </b>
                        Border walls risk harming
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         American wildlife
                        </a>
                        .
                       </p>
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                        5.
                        <b>
                         The Altman Ultimatum:
                        </b>
                        The boardroom drama
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         that nearly broke OpenAI
                        </a>
                        is getting the Hollywood treatment (and no, it's not written by AI).
                       </p>
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