📰 Market Headlines

Stocks rallied sharply yesterday after President Trump signaled a willingness to reduce Chinese tariffs.

• The Dow added 1.07%, the S&P 500 gained 1.7%, and the Nasdaq soared 2.5%.

• The Trump Administration considered cutting China tariffs significantly, although Treasury Secretary Scott Bessent denies.

A dozen states sued the Trump administration, aiming to block the recent tariffs as an illegal tax and overreach of executive power.

President Trump criticized Ukrainian President Zelensky for refusing to recognize Russian control of Crimea, calling the position "very harmful" to peace efforts.

The Trump administration is considering a $5,000 "baby bonus" for new mothers as part of efforts to boost the nation's declining birth rate.

Despite conflicting updates regarding trade deal progress, with China denying that active conversations with the US are happening, the S&P has continued to go up today. SPY is up another 1.15% today and up over 2.2% this week as of the sending of this newsletter.

With so much choppiness and uncertainty in the market, it’s getting exceedingly difficult to invest and plan longterm. We at Stocks & Income want to advocate for a measured and conservative strategy that allows you to stay liquid and avoid chasing or being reactive, as that’s what typically leads to major losses. We suggest that everyone stay ready, build conviction and invest what you can afford.

The underrated way to invest in US housing

​Hometap​ lets you invest directly in the future value of US homes — without the complexity that historically comes along with large-scale residential real estate investing.

This is a brand-new asset class that has experienced tremendous growth in the past couple of years. It’s not a REIT. Not a mortgage. And not a flip.

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This is actual equity in real homes, held by real people. When home values increase, you share in the appreciation. If they don't? Your investment includes downside protection.

Why invest in HEIs?

• High Sharpe ratio

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This is one of the most overlooked stories in US housing. Now’s a great time to take a closer look.

Express interest

Clicking the the button below will:

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😱 Fear and Greed Index

🧠 Make yourself heard

With this being the first time in a while that the Fear and Greed Index has not shown “Extreme Fear” I’d love to get your take on the market today…

📊 Earnings this week

• AT&T met Q1 earnings estimates and added 324,000 postpaid phone subscribers, beating expectations with shares climbing 0.8%.

• Boeing reported better-than-expected Q1 results, boosted by positive tariff comments from President Trump; shares jumped 6.1%.

• Chipotle missed Q1 revenue estimates, citing a spending slowdown, lowering its full-year outlook, and shares dropped over 5% after hours.

• GE Vernova saw Q1 revenue increase driven by power and electrification, so shares rose 9%.

• IBM beat Q1 estimates, maintaining its full-year forecast despite a fluid environment; shares slipped 4% in extended trading.

• NextEra Energy reported a strong start to 2025, detailing plans for $50 billion in strategic investments through 2029; shares gained 2.5%.

• O’Reilly Automotive missed Q1 earnings and revenue estimates, providing weaker full-year guidance; shares slipped 1.6%.

Market movers

• Tesla added global anti-Musk protests to its SEC risk disclosures, citing potential harm to sales, operations, and brand.

• Google warned remote workers to return to the office three days a week or risk termination.

• JetBlue expanded its loyalty program by allowing TrueBlue members to redeem points for Japan Airlines flights.

• OpenAI expressed interest in acquiring Google Chrome during antitrust trial testimony.

• THOR Industries issued layoff notices to over 500 workers across three RV brands: Heartland, Cruiser, and DRV.

 📊 Ideas, trends, and analysis

🎤 What you said last time

“BTC will ride a huge wave of euphoria up and then settle back to where it was at the start of this year. I wouldn't call that choppy, though, that's how BTC has functioned since it was $2.”

📺 What to watch today