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Daily 2025-10-24
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All metrics are as of the latest market close.
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<td style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<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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S&P 500
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.58% ▲
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<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
6,738
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<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
GOLD
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
1.58% ▲
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<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$4,130
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<td style="font-size:12px;font-weight:700;width:40%;vertical-align:baseline;padding:10px 0 0 0">
BITCOIN*
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<td style="font-size:12px;color:#16B166;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
2.26% ▲
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<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$110,016
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*24-hour change
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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 style="vertical-align:top;padding:0;">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
<tbody>
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<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%">
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FTSE 100
</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">
0.67% ▲
</td>
<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
9,579
</td>
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<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">
5.19% ▲
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<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
$65.84
</td>
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US BONDS*
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<td style="font-size:12px;color:#EA3459;font-weight:500;font-family:Trispace,monospace;width:30%;vertical-align:baseline;padding:10px 0 0 0">
0.04% ▲
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<td style="font-size:12px;width:30%;vertical-align:baseline;text-align:right;padding:10px 0 0 0;font-family:Trispace,monospace">
4.01%
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<td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
*10-year government yield
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<div style="font-family:Inter,sans-serif;font-size:14px;font-weight:700;line-height:1.5;text-align:left;color:#181c25;">
WALL STREET FEAR GAUGE INDEX
(
<a style="font-weight:400;font-family:Trispace,monospace">
VIX
</a>
)
</div>
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<img alt="Wall Street Fear Gauge Index" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fimages.bannerbear.com%252Fdirect%252F7Q4rjJzQn7vZo8qPOx%252Frequests%252F000%252F110%252F750%252F015%252FNxmo39RaVQ9WOBLRzAOe2Ewg5%252F97a7339e27e6590805aceeca6d63e63884833068.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D68b638dd8c67cc976538a1330a010f01/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA1NDQzNH0:1vCD2Y:O6AoLTe2qTtkfZtAnv7aDL1aKMmwLBlbdoQio_GIp-c" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="10zqs">
🟡 Conflicting reports said the US government may (or may not) take stakes in a handful of quantum computing startups, creating a political
will-they-won’t-they saga
</p>
<p data-block-key="6rh81">
⚠️ The US and Europe tightened sanctions on Russia’s biggest energy firms, and investors made sure oil prices felt the squeeze
</p>
<p data-block-key="92a1j">
➕ Six money things our analyst wishes she’d known at 25
</p>
<p data-block-key="2fug3">
<b>
👇 Keep reading to find out more
</b>
</p>
</div>
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👀
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<span style="font-style:italic">
Today's headlines
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<span style="background-color:#EFFF0D;display:inline">
Quantum Of Solace
</span>
</mj-raw>
</div>
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<a target="_blank">
<img alt="Quantum Of Solace" 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-231025-Quantum.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D0631fbc5d2a024777b8c3faf3b2498d9/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA1NTcyfQ:1vCD2Y:zgi6iKtz7PEj6hMAHRYoUbyOLKhlHxnBuRMMt7XsVzM" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
</a>
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<p data-block-key="zkb9p">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="1ku35">
The US government was
<a>
reported
</a>
to be
taking stakes in quantum computing startups – a move straight out of the Bond playbook: keep your enemies close, and your tech closer.
</p>
<p data-block-key="gff9">
<b>
What does this mean?
</b>
</p>
<p data-block-key="dvpcm">
Quantum computing sounds complicated – mainly because it is. That’s why startups are
<i>
still
</i>
trying to crack the code that would create computers capable of solving problems that traditional ones can’t.
</p>
<p data-block-key="89sbh">
▶ The US may have faith in them,
though. Reports out on Thursday said it was extending funding from its Chips Research and Development Office, handing companies including IonQ, Rigetti, and D-Wave at least $10 million each. In return, it would take stakes in the startups.
</p>
<p data-block-key="80spp">
▶ However, a conflicting
<a>
source
</a>
has since denied that the government has made any decisions, adding that any
potential deals might take a different form.
</p>
<p data-block-key="3j6i8">
<b>
Why should I care?
</b>
</p>
<p data-block-key="f336o">
<b>
<i>
For markets:
</i>
</b>
<i>
Slow and steady won’t win this race.
</i>
</p>
<p data-block-key="5ndtf">
Quantum computers could simulate whole chemical reactions, financial markets, or supply chains – all with millions of variables, all at once.
</p>
<p data-block-key="bdemm">
▶ That’s why quantum computers are seen as AI’s perfect partner. They could train AI models
exponentially faster than the current rate, bringing key discoveries – from new drugs to chemicals – closer. This power couple would support each other, with AI correcting errors in quantum computers, too.
</p>
<p data-block-key="4d10n">
<b>
<i>
The bigger picture:
</i>
</b>
<i>
Billion-dollar brains.
</i>
</p>
<p data-block-key="1msgf">
McKinsey estimates the quantum market could be worth $72 billion within a decade – a total overhaul from today’s $4 billion.
</p>
<p data-block-key="3q8i6">
▶
After all, while the tech is still experimental, we are making progress. Google's "Willow" chip ran a task 13,000 times faster than our best supercomputers, and HSBC just used IBM's Heron processor to improve predictions of bond prices by a third.
</p>
<p data-block-key="5qa6o">
▶ That said, even when we have souped-up systems running, they’ll be costly, extremely sensitive, and require rooms of near-absolute-zero temperatures. That means stable returns are a long way off – so unless you can afford
to wait for a breakthrough, the investing opportunities are still limited.
</p>
</div>
</td>
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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:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
You might also like ⇢
<a>
Profiting From Quantum Computing Is An Art, Not
A Science
</a>
</div>
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</span>
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<img alt="Pro section" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3.eu-west-1.amazonaws.com%252Fstatic%252Fdaily-email%252Fpro-roundal-no-gradient.png%253Fixlib%253Dpython-3.1.2%2526s%253D935baadb6eae5c9abd1479997c269c60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA1NzMyOX0:1vCD2Y:wj9fboyyVYIilUdfghfIGtvPJS-qYX9uInkwkC9VsfI" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="100"/>
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Money Things I Wish I Knew When I Was 25
</span>
</mj-raw>
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<img alt="Insight" 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%252FInsight-231025-25-V2.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D6ad73bd9a8b39249fd784fd58124cb74/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA1ODUzNX0:1vCD2Y:NB7Ta-30ykuSTM_4ywRrrs4QYklX_81-SMJkkyZvXMg" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="536"/>
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="pr7ai">
It’s true what everyone says: time
<a>
moves faster
</a>
than
you think.
</p>
<p data-block-key="47bad">
One day, you’re settling into your first job, socking away a little money, and trying to make sense of
<a>
investing
</a>
. And before you know it, a decade (or more) has gone by.
</p>
<p data-block-key="383f2">
I’ve made plenty of
<a>
financial decisions
</a>
– good
<i>
and
</i>
bad – since starting out. And I’ve learned a few lessons the hard way: by getting things wrong before I got them right.
</p>
<p data-block-key="55huo">
So that’s today’s Insight:
<a>
six things I wish I’d known at 25
</a>
.
</p>
<p data-block-key="c0url">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA1OTY5NH0:1vCD2Y:f-mJUTONgr21zY_dQm4JjVkf2ANexpcRILnqPBXk5Ms" style="border:0;border-radius:50%;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="30"/>
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<a style="color:#4C5469;font-weight:400">
Theodora
Lee Joseph, CFA
</a>
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<span style="font-style:italic">
SPONSORED BY STATE STREET
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<a target="_blank">
<img alt="State Street Investment Management" 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%252Fdiabanner1.original.jpg%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253D917a2e174c6c10a0e1ca3190b3a334f6/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA2MDg1fQ:1vCD2Y:accexVdqmG9Ks26TsjQsmTbqvYh3yUn-jZg_JbvoOaA" 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>
<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:16px;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<h4 data-block-key="fyxx5">
<b>
If you’d invested $1,000 in DIA ten years ago, your pot would be worth $3,446 today.¹
</b>
</h4>
<p data-block-key="rpc0">
See, you can get 30 blue-chip stocks with exposure to 172 countries and 160 different industries – all in
one single trade with DIA.² That gives you US picks, as well as global diversification.
</p>
<p data-block-key="fu3hp">
And you can trust the experts - DIA is managed by State Street Investment Management, one of the world’s biggest asset managers. Plus, DIA is benchmarked to the Dow Jones Industrial Average, the longest, most widely quoted index from S&P Dow Jones Indexes, one of the most trusted index providers.
</p>
<p data-block-key="f19h6">
If you are trying to make the next decade better
than the last,
<a>
you might want to consider DIA.
</a>
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="58u5b">
<i>
Footnotes
</i>
</p>
<p data-block-key="7jnoj">
¹ Source: Bloomberg Finance L.P., as of September 30, 2025. All results are historical and assume the reinvestment of dividends and capital gains.
</p>
<p data-block-key="f853c">
² Factset, as
of December 31, 2024.
</p>
</div>
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<div style="font-family:Inter,sans-serif;font-size:12px;line-height:1.5;text-align:left;color:#5E6984;">
Please see important disclosures below*
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<span style="font-style:normal">
👀
</span>
<span style="font-style:italic">
Today's headlines
</span>
</mj-raw>
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Bubble Bubble, Oil’s In Trouble
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<a target="_blank">
<img alt="Bubble Bubble, Oil’s In Trouble" 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-231025-OilSanctions.original.jpg%253Ffit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253Da6e51be74260ca5e73bbff22084c81a1/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NjEyOTQwNTAuNDA2MjAxMX0:1vCD2Y:4v4fihcPiTJlCYEvOT1s0y1aspmiKvVVpSl2o2IbTTM" style="border:0;display:block;outline:none;text-decoration:none;height:auto;width:100%;font-size:13px;" width="568"/>
</a>
</td>
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</table>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:10px 25px;padding-right:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<p data-block-key="0b7kn">
<b>
What’s going on here?
</b>
</p>
<p data-block-key="dei6e">
The US and European Union placed new sanctions on Russia’s biggest energy companies this week, summoning a stir in the world’s oil market.
</p>
<p data-block-key="293j9">
<b>
What does this
mean?
</b>
</p>
<p data-block-key="bsfcq">
The US sanctioned Russia’s top oil producers,
<b>
Rosneft
</b>
and
<b>
Lukoil
</b>
, stopping them from accessing the stateside financial system – think banks or dollar-denominated assets. And it’s willing to extend the punishment, saying any foreign firm still dealing with the twosome could face secondary sanctions.
</p>
<p data-block-key="78tb1">
Europe followed with restrictions of its own. It blocked Russia from exporting liquified natural gas to the
region from 2027 and banned transactions with five of the country’s banks.
</p>
<p data-block-key="acg5m">
▶ That leaves China and India in a bind. They’re the country’s biggest customers: together, they buy more than three million barrels of Russian crude oil a day.
</p>
<p data-block-key="3dji4">
<b>
Why should I care?
</b>
</p>
<p data-block-key="5hd2d">
<b>
<i>
Zooming in:
</i>
</b>
<i>
Not everything’s bigger in Texas.
</i>
</p>
<p data-block-key="6auq0">
The International Energy Agency expects supply of oil
to outstrip demand by nearly four million barrels a day next year. All else equal, that will keep a cap on prices – and it’s already limited investors’ interest levels, too.
</p>
<p data-block-key="b0f9n">
🔻 Case in point: the energy sector has only managed a meager 6% climb this year, making it one of the S&P 500’s weakest performers. And, even after today’s 5% uplift,
<b>
West Texas Intermediate crude oil
</b>
– a benchmark price for the slippery stuff – is down some 15% since
the start of the year.
</p>
<p data-block-key="2uo21">
<b>
<i>
Zooming out:
</i>
</b>
<i>
Solid gold.
</i>
</p>
<p data-block-key="7qggr">
Liquid gold might be out of favor, but the real stuff isn’t. Gold prices have been pushed up by over 50% this year, coming close to a record price. Investors and central banks have both stockpiled the shiny stuff, hoping that the famously stable asset could protect them from financial shocks – a result of, say, political shifts or more of these sanctions.
</p>
</div>
</td>
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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:14px;font-weight:bold;line-height:1.5;text-align:left;color:#000000;">
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✨
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Sarah's Digest
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<a>
Tesla Posts Record Revenue, But Questions Linger On
Growth
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<a>
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<mj-raw>
<span style="font-style:normal">
🖋️
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<span style="font-style:italic">
Quote
of the day
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<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<strong>
"Quality is everyone's responsibility."
</strong>
— W. Edwards Deming (an American composer and economist)
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<td align="left" style="font-size:0px;padding:0;padding-right:0;padding-bottom:0;padding-left:0;word-break:break-word;">
<div style="font-family:Inter,sans-serif;font-size:14px;line-height:1.5;text-align:left;color:#000000;">
<h4 data-block-key="cggk0">
<b>
Our Modern Investor Summit has one purpose: to help you make even smarter investment decisions.
</b>
</h4>
<p data-block-key="4gtbg">
That’s why we’re partnering with
<a>
Goodfin
</a>
: the platform bringing institutional-quality investments from private markets to accredited investors.
</p>
<p data-block-key="27sbg">
You’ll soon meet the team responsible for merging private equity opportunities with AI-powered guidance.
</p>
<p data-block-key="og3k">
But in the meantime, take a look around
<a>
Goodfin’s website
</a>
– not least for the slick graphics
inspo.
</p>
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Elon Musk wants to
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Stay classy,
<mj-raw>
Sarah
</mj-raw>
😉 This issue of the Daily Brief was curated by
<a style="color:inherit;font-weight:inherit">
Theodora
</a>
,
<a style="color:inherit;font-weight:inherit">
Russell
</a>
, and
<a style="color:inherit;font-weight:inherit">
Naomi
</a>
.
Got an idea? A question?
<a>
Get in touch
</a>
.
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<tr>
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<span style="font-style:normal">
💌
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<span style="font-style:italic">
THAT
WAS GREAT FOR US... HOW WAS IT FOR YOU?
</span>
</mj-raw>
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1 week, 2 days ago - hello@finimize.com
🚀 To quantum or not to quantum
Plus, money stuff our analysts wishes she knew at 25 | Your Daily Brief is ready | Fri, Oct 24 | ...