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   Daily 2026-04-18
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                      <div style="font-family:Trispace,monospace;font-size:12px;line-height:1.5;text-align:left;color:#7F879C;">
                       All metrics are as of the latest market close.
                      </div>
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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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                         <td class="s24">
                          S&amp;P 500
                         </td>
                         <td class="s25">
                          1.19% ▲
                         </td>
                         <td class="s26">
                          7,125
                         </td>
                        </tr>
                        <tr>
                         <td class="s24">
                          GOLD
                         </td>
                         <td class="s25">
                          1.33% ▲
                         </td>
                         <td class="s26">
                          $4,872
                         </td>
                        </tr>
                        <tr>
                         <td class="s24">
                          BITCOIN*
                         </td>
                         <td class="s25">
                          3.03% ▲
                         </td>
                         <td class="s26">
                          $77,430
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *24-hour change
                         </td>
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                      <table border="0" cellpadding="0" cellspacing="0" style="color:#000000;font-family:Inter,sans-serif;font-size:13px;line-height:22px;table-layout:auto;width:100%;border:none;" width="100%">
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                         <td class="s24">
                          FTSE 100
                         </td>
                         <td class="s25">
                          0.67% ▲
                         </td>
                         <td class="s26">
                          10,660
                         </td>
                        </tr>
                        <tr>
                         <td class="s24">
                          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">
                          8.69% ▼
                         </td>
                         <td class="s26">
                          $90.75
                         </td>
                        </tr>
                        <tr>
                         <td class="s24">
                          US BONDS*
                         </td>
                         <td class="s25">
                          0.06% ▼
                         </td>
                         <td class="s26">
                          4.26%
                         </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>
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                      </p>
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</td></tr></table>
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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" class="s11" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fimages.bannerbear.com%252Fdirect%252F7Q4rjJzQn7vZo8qPOx%252Frequests%252F000%252F141%252F890%252F060%252FbknAjN4e763MMd9lYXPRKxlD8%252Ff92367dd3b88c9ac5a957def57645f22eda28bd6.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D88fad7b6ccbf9f9f0d905a6f67bb30d8/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzY0NjU1OTcuNTI4NDY4MX0:1wDrqv:t2EhDG6oqScEsoU6oWKzJlqfxvdN9-_6vJIIBVUWbGQ" width="536"/>
                    </td>
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                   <tbody>
                    <tr>
                     <td align="left" class="s31">
                      <div class="s32">
                       <p data-block-key="10zqs">
                        🛢️ The Strait’s reopening – and oil flowing through it – pushed US stock indexes higher
                       </p>
                       <p data-block-key="65fgh">
                        😈 OnlyFans might be NSFW, but it’s trying to prove it’s safe for investment
                       </p>
                       <p data-block-key="biafp">
                        <b>
                         ⏰
                        </b>
                        200 years, 56 markets, and the 13 things they can tell you about investing
                       </p>
                       <p data-block-key="bvg40">
                        <b>
                         👇 Keep reading to find out more
                        </b>
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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<![endif]-->
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          </tbody>
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        </div>
        <!--[if mso | IE]>
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</td></tr></table>
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      </tr>
     </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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             <!--[if mso | IE]>
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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 class="s20">
                     👀
                    </span>
                    <span class="s21">
                     Today's headlines
                    </span>
                   </mj-raw>
                  </div>
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                 <td align="left" class="s14">
                  <div class="s34">
                   <mj-raw>
                    <span class="s35">
                     Strait Up
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
                <tr>
                 <td align="center" class="s5">
                  <table border="0" cellpadding="0" cellspacing="0" class="s9" role="presentation">
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                     <td class="s10">
                      <a target="_blank">
                       <img alt="Strait Up" class="s11" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-170426-USStocks-motion.original.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjaGl2YXMtYXNzZSIsInRpbWUiOjE3NzY0NjU1OTcuNTI4NjUxNX0:1wDrqv:RQzcpxwQzXvz5wqAP_MDGMwqCmQsUlEmGDC6VmmUGEU" width="568"/>
                      </a>
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                <tr>
                 <td align="left" class="s5">
                  <div class="s32">
                   <p data-block-key="4xv0b">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="fcu66">
                    US stocks popped to a new record high after oil prices headed in the other direction on Friday, as Iran announced the reopening of the Strait of Hormuz.
                   </p>
                   <p data-block-key="33ed8">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="r7v3">
                    With ships set to pass through that key Middle Eastern shipping channel again, key oil benchmark Brent crude slid back
to a more affordable $90 a barrel – and that gave extra energy to an already boisterous stock rally.
                   </p>
                   <p data-block-key="4dq0a">
                    ► See, oil prices affect everything. When they’re cheaper, that usually means lower inflation pressure, less need for higher interest rates, and more incentive for businesses and consumers to spend. And that combination is great for stocks.
                   </p>
                   <p data-block-key="6a738">
                    🔺 So on Friday, the
                    <b>
                     S&amp;P 500
                    </b>
                    rose above 7,100 for the first time
                    <i>
                     ever,
                    </i>
                    and the
                    <b>
                     Nasdaq
                    </b>
                    saw a 13th-straight day of gains – its longest winning streak since 2009.
                   </p>
                   <p data-block-key="5sdu7">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="7161p">
                    <b>
                     <i>
                      Zooming in:
                     </i>
                    </b>
                    <i>
                     Tech, tech… boom.
                    </i>
                   </p>
                   <p data-block-key="144dk">
                    Big Tech has been struggling over the past few months, with investors fretting over the industry’s plans to spend an eye-watering $650 billion on AI infrastructure this year. And the war’s potential impacts certainly weren’t helping things. But,
more recently, the sector’s been doing pretty okay – and that’s eased some of those fears. So now, tech’s biggest stocks (the ones that went down fast at the war’s start) are back on their feet again.
                   </p>
                   <p data-block-key="ehauh">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Run, robot, run.
                    </i>
                   </p>
                   <p data-block-key="c0seq">
                    Investors might also be cheering some signs that AI’s finding new ways to make money. Case in point: a Rolex-wearing humanoid was seen
                    <a>
                     chasing
                    </a>
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                    <span class="s20">
                     👀
                    </span>
                    <span class="s21">
                     Today's headlines
                    </span>
                   </mj-raw>
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                   <mj-raw>
                    <span class="s35">
                     OnlyBuyers
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
                <tr>
                 <td align="center" class="s5">
                  <table border="0" cellpadding="0" cellspacing="0" class="s9" role="presentation">
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                      <a target="_blank">
                       <img alt="OnlyBuyers" class="s11" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FEditorial-170426-OnlyFans-4.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253Df11f1c1faa017b10d1c4d6f049054680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NzY0NjU1OTcuNTI5NDEzN30:1wDrqv:Ce7bqvr1xTk19W_qjLWPxKwJde617LE51jcoBB8oiss" width="568"/>
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                  <div class="s32">
                   <p data-block-key="etcwf">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="4o510">
                    <b>
                     OnlyFans
                    </b>
                    is close to selling a 20% stake that would value it at more than $3 billion because, hey, sex
                    <i>
                     does
                    </i>
                    sell.
                   </p>
                   <p data-block-key="5fotk">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="899go">
                    The London-based company is in advanced talks to sell a chunk of itself to
                    <b>
                     Architect Capital
                    </b>
                    . The American private investment firm has
been seduced by the platform’s $7.2 billion in revenue, as well as the $701 million in dividends that it handed its exclusive investors last year.
                   </p>
                   <p data-block-key="4ihio">
                    ▶ The X-rated streaming site is one of the biggest content creation platforms, with more than 377 million registered users as of 2024 (the most recent figures available). But it’s struggled for years to attract outside investors. Financial institutions have always been shy about doing business with adult content – and
that’s not just prudishness. The sex industry comes with a host of legal and regulatory risks, not least of which is ensuring that performers and consumers are all over the age of 18.
                   </p>
                   <p data-block-key="1q8mq">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="8rbvt">
                    <b>
                     <i>
                      Zooming in:
                     </i>
                    </b>
                    <i>
                     It’s getting steamy in here.
                    </i>
                   </p>
                   <p data-block-key="3c1ac">
                    This deal also hints at where OnlyFans might try to grow next. Currently, subscribers pay the platform’s creators, and it takes a 20% cut.
That marketplace is lucrative, but the company has its eye on a new revenue stream: financial products for content creators.
                   </p>
                   <p data-block-key="84sf3">
                    ▶ See, sex workers sometimes struggle to secure financial services – loans, payment processing, even bank accounts – from mainstream institutions that see their work as risky or controversial.
                   </p>
                   <p data-block-key="6htgd">
                    <b>
                     <i>
                      Zooming out:
                     </i>
                    </b>
                    <i>
                     What’s good for the goose…
                    </i>
                   </p>
                   <p data-block-key="c849s">
                    <a>
                     Private equity
                    </a>
                    and
                    <a>
                     credit
                    </a>
                    investors have been obsessed lately with one thing: how
easily they can get their money back when they want out. This OnlyFans deal is a reminder of two things. First, that there’s money to be made in, umm, private – for the price of locking up some cash. And second, that online businesses with loyal users and real growth potential can raise serious money – even if that business sits in a racy part of the internet.
                   </p>
                  </div>
                 </td>
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                   <h3 data-block-key="1xdoe">
                    <b>
                     A few years back, you might’ve shrugged off a Reddit-literate teen telling you about
                    </b>
                    <a>
                     <b>
                      the wonders of
digital assets.
                     </b>
                    </a>
                   </h3>
                   <p data-block-key="19qek">
                    Well, we bet you wish you’d listened to that kid in baggy jeans – because nowadays, the pros in suits are waxing lyrical about
                    <a>
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                    , too.
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                   <p data-block-key="bkl0t">
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                    benefits. And with prices trending lower right now, we could be headed for a
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                    .
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                   <p data-block-key="59hvf">
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         <table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
          <tbody>
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            <td class="s30">
             <!--[if mso | IE]>
<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" class="s4" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td align="left" class="s5">
                  <div class="s32">
                   <strong>
                    "A leader’s job is to have all the questions. You have to be incredibly comfortable looking like the dumbest person in the room."
                   </strong>
                   – Jack Welch (an American CEO)
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
            </td>
           </tr>
          </tbody>
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        </div>
        <!--[if mso | IE]>
</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]-->
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        <!--[if mso | IE]>
<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 class="s27">
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          <tbody>
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             <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
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               <tbody>
                <tr>
                 <td align="left" class="s33">
                  <div class="s19">
                   <mj-raw>
                    <span class="s20">
                     🎯
                    </span>
                    <span class="s21">
                     On Our Radar
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
</td></tr></table>
</td></tr><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]-->
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             <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
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                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
                   <tbody>
                    <tr>
                     <td align="left" class="s31">
                      <div class="s32">
                       <p data-block-key="aaghi">
                        <b>
                         1. RIP, cocaine hippo.
                        </b>
                        Colombia is planning a cull of
                        <a>
                         Pablo Escobar’s invasive hippos
                        </a>
                        .
                       </p>
                       <p data-block-key="chb1i">
                        <b>
                         2. Who’s better at beef?
                        </b>
                        <i>
                         Beef
                        </i>
                        star Carey Mulligan on how Americans and Brits
                        <a>
                         handle conflict
                        </a>
                        .
                       </p>
                       <p data-block-key="c1q4e">
                        <b>
                         3. The Starbucks of weed.
                        </b>
                        Meet the marijuana industry’s
                        <a>
                         Trump whisperer
                        </a>
                        .
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
            </td>
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        </div>
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</td></tr></table>
</td></tr></table>
<![endif]-->
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     </tbody>
    </table>
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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]-->
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        <!--[if mso | IE]>
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             <div class="s32">
              Stay classy, Sarah 😉 This issue of the Daily Brief was curated by
              <a style="color:inherit;font-weight:inherit">
               Russell
              </a>
              and
              <a style="color:inherit;font-weight:inherit">
               Linda
              </a>
              . Got an idea? A question?
              <a>
               Get in touch
              </a>
              .
             </div>
            </td>
           </tr>
          </tbody>
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<![endif]-->
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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]-->
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        <div class="s27">
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<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
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               <tbody>
                <tr>
                 <td align="left" class="s33">
                  <div class="s19">
                   <mj-raw>
                    <span class="s20">
                     💌
                    </span>
                    <span class="s21">
                     THAT WAS GREAT FOR US... HOW WAS IT FOR YOU?
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
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             <!--[if mso | IE]>
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<![endif]-->
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         </table>
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        <!--[if mso | IE]>
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</td></tr></table>
<![endif]-->
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     </tbody>
    </table>
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   <!--[if mso | IE]>
</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 class="s0">
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     <tbody>
      <tr>
       <td class="s36">
        <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:189.33333333333337px;">
<![endif]-->
        <div class="mj-column-per-33-333333333333336 mj-outlook-group-fix s6">
         <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
          <tbody>
           <tr>
            <td align="center" class="s39">
             <table border="0" cellpadding="0" cellspacing="0" class="s40" role="presentation">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" class="s41" role="presentation" valign="middle">
                 <a class="s42" 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 s6">
         <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
          <tbody>
           <tr>
            <td align="center" class="s39">
             <table border="0" cellpadding="0" cellspacing="0" class="s40" role="presentation">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" class="s41" role="presentation" valign="middle">
                 <a class="s42" 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;">
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        <div class="mj-column-per-33-333333333333336 mj-outlook-group-fix s6">
         <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
          <tbody>
           <tr>
            <td align="center" class="s39">
             <table border="0" cellpadding="0" cellspacing="0" class="s40" role="presentation">
              <tbody>
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                <td align="center" bgcolor="#f8f9ff" class="s41" role="presentation" valign="middle">
                 <a class="s42" target="_blank">
                  <span aria-hidden="true" role="img">
                   😒
                  </span>
                  ...Meh
                 </a>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
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<![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
   </div>
   <!--[if mso | IE]>
</td></tr></table>
<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;">
<![endif]-->
   <div class="s43">
    <table align="center" border="0" cellpadding="0" cellspacing="0" class="s16" role="presentation">
     <tbody>
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        <!--[if mso | IE]>
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                  </tbody>
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             <!--[if mso | IE]>
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<![endif]-->
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             <!--[if mso | IE]>
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             <!--[if mso | IE]>
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                <td class="s45">
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<![endif]-->
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        <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
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     </tbody>
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   </div>
   <!--[if mso | IE]>
</td></tr></table>
<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;">
<![endif]-->
   <div class="s43">
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       <td style="direction:ltr;font-size:0px;padding:20px 0;padding-top:0px;text-align:center;">
        <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:600px;">
<![endif]-->
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             <div class="s32">
              See your name in
              <s>
               lights
              </s>
              newsletter pixels:
              <a>
               partner with us
              </a>
              .
             </div>
            </td>
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