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   Daily 2026-07-23
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   Plus, an energy giant opens its books | | Your Daily Brief is ready |
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               3:14 read time
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                       All metrics are as of the latest market close.
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                         <td class="s21">
                          S&amp;P 500
                         </td>
                         <td class="s22">
                          1.20% ▼
                         </td>
                         <td class="s23">
                          7,409
                         </td>
                        </tr>
                        <tr>
                         <td class="s21">
                          GOLD
                         </td>
                         <td class="s22">
                          2.40% ▼
                         </td>
                         <td class="s23">
                          $4,052
                         </td>
                        </tr>
                        <tr>
                         <td class="s21">
                          BITCOIN*
                         </td>
                         <td class="s22">
                          1.51% ▼
                         </td>
                         <td class="s23">
                          $65,084
                         </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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                      <div style="font-family:Inter,sans-serif;font-size:1px;line-height:1.5;text-align:left;color:#000000;">
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                         <td class="s21">
                          FTSE 100
                         </td>
                         <td class="s22">
                          0.80% ▼
                         </td>
                         <td class="s23">
                          10,631
                         </td>
                        </tr>
                        <tr>
                         <td class="s21">
                          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">
                          6.81% ▲
                         </td>
                         <td class="s23">
                          $100.48
                         </td>
                        </tr>
                        <tr>
                         <td class="s21">
                          US BONDS*
                         </td>
                         <td class="s22">
                          0.04% ▲
                         </td>
                         <td class="s23">
                          4.70%
                         </td>
                        </tr>
                        <tr>
                         <td colspan="3" style="font-size:10px;font-family:Trispace,monospace;color:#7F879C;padding:0">
                          *10-year government yield
                         </td>
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                      </p>
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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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                     <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%252F154%252F322%252F527%252F8A5gBlRXpzoweVWezn2x19qkE%252F73f05d7547a7151dbd8c82b6d737896cd519f9e7.png%253Fauto%253Dformat%2526fit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D09ff5a23e628cac731ceb8b64e243d36/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3ODQ4NDQxNTguMzI4MTY4OX0:1wn1V0:LQCZ-zJBn9cxaQN-XGP-dKMWFiE5BNAyIrKgn83GEdw" width="536"/>
                    </td>
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                     <td align="left" class="s28">
                      <div class="s29">
                       <p data-block-key="10zqs">
                        <b>
                         🪖
                        </b>
                        Lockheed Martin, RTX, and Thales gained ground
                       </p>
                       <p data-block-key="2lt57">
                        <b>
                         👋 FOR PRO MEMBERS:
                        </b>
                        Meet the new market leaders
                       </p>
                       <p data-block-key="fbkt7">
                        🛢️ Oil giant Total had its slickest quarter since 2023
                       </p>
                       <p data-block-key="bvg40">
                        <b>
                         👇 Keep reading to find out more
                        </b>
                       </p>
                      </div>
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </td>
                </tr>
               </tbody>
              </table>
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<![endif]-->
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                   <mj-raw>
                    <span class="s17">
                     👀
                    </span>
                    <span class="s18">
                     Today's headlines
                    </span>
                   </mj-raw>
                  </div>
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                  <div class="s31">
                   <mj-raw>
                    <span class="s32">
                     Defense Mechanism
                    </span>
                   </mj-raw>
                  </div>
                 </td>
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                      <a target="_blank">
                       <img alt="Defense Mechanism" 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-230726-Defense_UyadSFg.original.jpg%253Fauto%253Dformat%2526fit%253Dcrop%2526h%253D600%2526ixlib%253Dpython-3.1.2%2526w%253D1200%2526s%253D1a772704cdd9dd1efdf330a6e17a9038/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3ODQ4NDQxNTguMzI4MzIyNH0:1wn1V0:6wK2Z0fGwgQ9_8cft3XSk8qcLmUvQ33J9ho1hK5eU_4" width="568"/>
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                 <td align="left" class="s5">
                  <div class="s29">
                   <p data-block-key="jo71z">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="3c0fm">
                    Defense contractors
                    <b>
                     Lockheed Martin
                    </b>
                    ,
                    <b>
                     RTX
                    </b>
                    , and
                    <b>
                     Thales
                    </b>
                    kicked into gear on Thursday, with all three reporting strong results.
                   </p>
                   <p data-block-key="5ih64">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="16bna">
                    The world is many things right now, but peaceful it’s not. And that’s got governments raising their military budgets and
making sure they’ve got the missiles, engines, radar systems, and tech to handle the next conflict.
                   </p>
                   <p data-block-key="cj2ad">
                    ▶
                    <b>
                     Lockheed Martin
                    </b>
                    pulled in a better-than-expected $2.5 billion in profit last quarter and raised its full-year profit outlook, to boot. The F-35 maker said its order backlog – a guide for future sales – grew 38% from a year ago.
                   </p>
                   <p data-block-key="2v761">
                    ▶
                    <b>
                     RTX
                    </b>
                    joined the formation. The Tomahawk cruise missile maker saw its sales rise 14% last quarter
to $24.7 billion, and has seen its order book expand, too.
                   </p>
                   <p data-block-key="4bu8b">
                    ▶
                    <b>
                     Thales,
                    </b>
                    Europe’s biggest defense electronics group, also had a strong showing. It reported better first-half earnings, raised its order forecast, and showed off some high-testosterone cash flow.
                   </p>
                   <p data-block-key="d6fuu">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="qfih">
                    <b>
                     <i>
                      Zooming out:
                     </i>
                    </b>
                    <i>
                     Drone on.
                    </i>
                   </p>
                   <p data-block-key="5ijr6">
                    Lockheed is planning to launch a cheaper version of
its Patriot missiles. And there’s a ready market for them: the current Patriot interceptors cost around $4 million each and are being deployed against drones that cost just $50,000 (or less). Those economics are why NATO members are investing $40 billion to produce cheaper, faster, more scalable drone and counter-drone systems.
                   </p>
                   <p data-block-key="at48j">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Safety isn’t cheap.
                    </i>
                   </p>
                   <p data-block-key="8832o">
                    Military spending isn’t hard to justify in a
dangerous world – but it still requires compromise. Governments can raise taxes or take on more debt, sure. But many countries have already borrowed more than is comfortable. So to spend more on defense, they have to spend less somewhere else.
                   </p>
                   <p data-block-key="eoo2g">
                    ⚠️ US lawmakers, faced with rising costs from America’s war in Iran, approved a record $1.15 trillion defense budget this week. Good news for defense contractors, maybe, but it points to bigger trade-offs for everyone else.
                   </p>
                  </div>
                 </td>
                </tr>
                <tr>
                 <td align="left" style="font-size:0px;padding:10px 25px;padding-top:24px;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>
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                  <div class="s16">
                   <mj-raw>
                    <span class="s17">
                     📈
                    </span>
                    <span class="s18">
                     Chart Of The Day
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
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                      👀
                     </span>
                     <span class="s18">
                      Today's Research
                     </span>
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                    <span class="s32">
                     The Market Has New Leaders – And They’re Not The Usual Suspects
                    </span>
                   </mj-raw>
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                   <p data-block-key="pr7ai">
                    Something strange happened in the first half of 2026. The
                    <a>
                     S&amp;P 500
                    </a>
                    did… fine.
                   </p>
                   <p data-block-key="p90m">
                    It rose about 10% – and in a normal year you'd happily take that. But this year hasn’t been
normal, because
                    <a>
                     almost everything else
                    </a>
                    did better.
                   </p>
                   <p data-block-key="ar7uq">
                    In the first half of this year,
                    <a>
                     US small-cap stocks
                    </a>
                    , measured by the S&amp;P SmallCap 600 index, gained nearly 24%, their best start in decades.
                    <a>
                     Emerging market stocks
                    </a>
                    pulled further ahead, too: the MSCI Emerging Markets index rose 27%.
                   </p>
                   <p data-block-key="7dhi">
                    Meanwhile, the Magnificent Seven – the mega-cap tech stocks that have carried the market for years – stopped doing quite so much of the heavy lifting. And some of them,
like
                    <b>
                     Meta
                    </b>
                    and
                    <b>
                     Microsoft
                    </b>
                    ,
                    <a>
                     actually did worse
                    </a>
                    than the index.
                   </p>
                   <p data-block-key="5oq6s">
                    For me, the question is whether this reversal of fortunes will last – and whether your portfolio is ready for
                    <a>
                     what comes next
                    </a>
                    .
                   </p>
                   <p data-block-key="992hi">
                    That’s today’s Insight:
                    <a>
                     the market’s new
leaders aren’t who you think
                    </a>
                    .
                   </p>
                   <p data-block-key="1lo8v">
                    <a>
                     <b>
                      Read or listen to the Insight
                     </b>
                    </a>
                   </p>
                   <p data-block-key="a4ue4">
                    <a>
                     <b>
                      Or sign up for a free one-week trial of Finimize Pro
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                    </a>
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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%253Fauto%253Dformat%252Ccompress%2526fit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D100%2526s%253D8b991a12af4297baf3ad9e4dbbaa28c3/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3ODQ4NDQxNTguMzI5MTQxNn0:1wn1V0:9dBlWX7Yr49BgArhSkRE-r1d1iHtVMPfMhykN9FK8ys" 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>
                    <span class="s18">
                     Today's headlines
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                   <mj-raw>
                    <span class="s32">
                     Grand, Total
                    </span>
                   </mj-raw>
                  </div>
                 </td>
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                <tr>
                 <td align="center" class="s5">
                  <table border="0" cellpadding="0" cellspacing="0" class="s9" role="presentation">
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                      </a>
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                <tr>
                 <td align="left" class="s5">
                  <div class="s29">
                   <p data-block-key="wvtjj">
                    <b>
                     What’s going on here?
                    </b>
                   </p>
                   <p data-block-key="9rp5s">
                    The wars in Iran and Ukraine pushed fuel prices higher last quarter, and that really added up for
                    <b>
                     TotalEnergies
                    </b>
                    .
                   </p>
                   <p data-block-key="f4g3l">
                    <b>
                     What does this mean?
                    </b>
                   </p>
                   <p data-block-key="8hmjl">
                    The French energy giant unveiled its slickest quarter in almost three years on Thursday, posting $6 billion in adjusted profit – a measure that strips
out unusual, one-time costs. That’s a 68% increase from a year earlier.
                   </p>
                   <p data-block-key="at7rh">
                    Energy shocks are miserable things for motorists, airlines, and anyone sensitive to inflation. But for oil companies, they tend to be good business. The near-shutdown of the Strait of Hormuz has choked global supply, and Ukraine’s attacks on Russian infrastructure have helped knock out roughly a tenth of the world’s fuel-refining capacity.
                   </p>
                   <p data-block-key="fr66m">
                    🔺 That sent the average
price of the global benchmark Brent crude up 45% last quarter, compared to a year ago, and put Total in a pretty sweet position. Its refining and chemicals division pulled in $1.8 billion, up
                    <i>
                     362%,
                    </i>
                    as margins swelled.
                   </p>
                   <p data-block-key="7rg7n">
                    <b>
                     Why should I care?
                    </b>
                   </p>
                   <p data-block-key="2f339">
                    <b>
                     <i>
                      For markets:
                     </i>
                    </b>
                    <i>
                     Flammable material.
                    </i>
                   </p>
                   <p data-block-key="o1ng">
                    Oil climbed above $100 a barrel on Thursday, a two-month high, after Iran-backed Houthi militants said they'd
struck two Saudi tankers in the Red Sea. It marked an escalation: Saudi Arabia was dodging the Strait of Hormuz by sending 4.9 million barrels a day the other way, through the Red Sea. Now, a Houthi blockade could end that workaround.
                   </p>
                   <p data-block-key="7fdm1">
                    ▶ For energy companies like Total, pricier oil helps – but only until the unrest poses a risk to its Mideast assets.
                   </p>
                   <p data-block-key="ebq3o">
                    <b>
                     <i>
                      The bigger picture:
                     </i>
                    </b>
                    <i>
                     Nobody puts this baby in a corner.
                    </i>
                   </p>
                   <p data-block-key="2jjjv">
                    Energy costs have a way of breaking out of energy markets – since they feed into, well, everything. A yearlong oil price rise of 10% can increase global consumer prices by 0.4% and shave up to 0.2 percentage points off economic growth.
                   </p>
                   <p data-block-key="6445u">
                    ⚠️ That’s uncomfortable for central banks: they’ve been using higher interest rates to tamp down inflation. And if energy keeps climbing, they may have to hike them even higher.
                   </p>
                  </div>
                 </td>
                </tr>
                <tr>
                 <td align="left" style="font-size:0px;padding:10px 25px;padding-top:24px;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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             </div>
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             <!--[if mso | IE]>
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              <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td align="left" class="s15">
                  <div class="s16">
                   <mj-raw>
                    <span class="s17">
                     ✨
                    </span>
                    <span class="s18">
                     ​​​​​​​​​​​​​​​​​​​​​​​​​Sarah's Digest
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
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        <!--[if mso | IE]>
</td></tr></table>
</td></tr><tr><td class="" width="600px">
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            <td style="direction:ltr;font-size:0px;padding:20px 0;padding-bottom:32px;padding-left:16px;padding-right:16px;padding-top:8px;text-align:center;">
             <!--[if mso | IE]>
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                  <div class="s35">
                   Alphabet’s capex hike and Tesla’s negative free cash flow helped drag stocks lower as oil briefly hit $100 a barrel.
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                 <td align="left" class="s34">
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                   🤖
                   <a>
                    AMD Takes On Nvidia With New AI Data Center Hardware
                   </a>
                  </div>
                 </td>
                </tr>
                <tr>
                 <td align="left" class="s5">
                  <div class="s35">
                   Reuters says AMD will debut Helios server racks and a Venice CPU as it targets inference work and big deals with Anthropic and OpenAI.
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                 </td>
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                <tr>
                 <td align="left" class="s34">
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                   📈
                   <a>
                    Reddit’s US User Growth Is Turning Into An Ad Tailwind
                   </a>
                  </div>
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                 <td align="left" class="s5">
                  <div class="s35">
                   Wedbush expects a strong Q2, pointing to better ad tools, Reddit Answers, and firmer AI licensing terms ahead of results due July 30th.
                  </div>
                 </td>
                </tr>
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                 <td align="left" class="s34">
                  <div class="s29">
                   🏡
                   <a>
                    US Households Put More Wealth In Stocks Than Real Estate
                   </a>
                  </div>
                 </td>
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                 <td align="left" class="s5">
                  <div class="s35">
                   Goldman Sachs says equity holdings now top real estate for the first time since World War Two, raising both the wealth effect and the risk from a market correction.
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                 </td>
                </tr>
               </tbody>
              </table>
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                  <div class="s16">
                   <mj-raw>
                    <span class="s17">
                     🖋️
                    </span>
                    <span class="s18">
                     Quote of the day
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
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             <!--[if mso | IE]>
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          <tbody>
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             <!--[if mso | IE]>
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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="s29">
                   <strong>
                    "It is not the mountain we conquer, but ourselves."
                   </strong>
                   – Sir Edmund Hillary (a New Zealand mountaineer, explorer, and philanthropist)
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
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<![endif]-->
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        <!--[if mso | IE]>
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          <tbody>
           <tr>
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             <!--[if mso | IE]>
<table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="" style="vertical-align:top;width:568px;">
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              <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td align="left" class="s30">
                  <div class="s16">
                   <mj-raw>
                    <span class="s17">
                     🎯
                    </span>
                    <span class="s18">
                     On Our Radar
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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             <!--[if mso | IE]>
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<![endif]-->
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                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="" width="100%">
                   <tbody>
                    <tr>
                     <td align="left" class="s28">
                      <div class="s29">
                       <p data-block-key="aaghi">
                        <b>
                         1. Ketchup of champions.
                        </b>
                        Two World Cup winners just took home
                        <a>
                         their weight in tomatoes
                        </a>
                        .
                       </p>
                       <p data-block-key="90qi5">
                        <b>
                         2. GPT goes rogue.
                        </b>
                        OpenAI says its model hacked into another
company –
                        <a>
                         without being prompted to
                        </a>
                        .
                       </p>
                       <p data-block-key="cttvn">
                        <b>
                         3. Marilyn had the booth. You can have the $46 salad.
                        </b>
                        Inside the Polo Lounge’s
                        <a>
                         star-studded, 85-year history
                        </a>
                        .
                       </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>
<![endif]-->
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      </tr>
     </tbody>
    </table>
   </div>
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        <!--[if mso | IE]>
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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="s29">
              Stay classy, Sarah 😉 This issue of the Daily Brief was curated by
              <a class="s36">
               Karen
              </a>
              ,
              <a class="s36">
               Charlie
              </a>
              , and
              <a class="s36">
               Russell
              </a>
              . Got an idea? A question?
              <a>
               Get in touch
              </a>
              .
             </div>
            </td>
           </tr>
          </tbody>
         </table>
        </div>
        <!--[if mso | IE]>
</td></tr></table>
<![endif]-->
       </td>
      </tr>
     </tbody>
    </table>
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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;">
<![endif]-->
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    <table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 16px;text-align:center;">
        <!--[if mso | IE]>
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          <tbody>
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             <!--[if mso | IE]>
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              <table border="0" cellpadding="0" cellspacing="0" class="s4" role="presentation" width="100%">
               <tbody>
                <tr>
                 <td align="left" class="s30">
                  <div class="s16">
                   <mj-raw>
                    <span class="s17">
                     💌
                    </span>
                    <span class="s18">
                     THAT WAS GREAT FOR US... HOW WAS IT FOR YOU?
                    </span>
                   </mj-raw>
                  </div>
                 </td>
                </tr>
               </tbody>
              </table>
             </div>
             <!--[if mso | IE]>
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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;">
<![endif]-->
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    <table align="center" border="0" cellpadding="0" cellspacing="0" class="s1" role="presentation">
     <tbody>
      <tr>
       <td class="s33">
        <!--[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="s37">
             <table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
                 <a class="s40" 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="s37">
             <table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
                 <a class="s40" 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;">
<![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="s37">
             <table border="0" cellpadding="0" cellspacing="0" class="s38" role="presentation">
              <tbody>
               <tr>
                <td align="center" bgcolor="#f8f9ff" class="s39" role="presentation" valign="middle">
                 <a class="s40" target="_blank">
                  <span aria-hidden="true" role="img">
                   😒
                  </span>
                  ...Meh
                 </a>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
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