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
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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.
It’s an HEI, or Home Equity Investment.
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.
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Why invest in HEIs?
High Sharpe ratio
Strong, risk-adjusted returns
Low correlation to stocks
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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.
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😱 Fear and Greed Index
We’re up out of Extreme Fear for the first time in a while!!!
🧠 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…
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.
📊 Crypto
Bitcoin's market cap climbed, surpassing Google and becoming the world's fifth-largest asset.
Cantor Fitzgerald, Tether, and SoftBank are reportedly discussing a $3 billion vehicle designed to absorb cryptocurrency assets.
While the US focuses on private stablecoins to maintain dollar influence, other nations are advancing their own central bank digital currencies (CBDCs).
📊 Ideas, trends, and analysis
President Trump's job approval rating dipped to 40%, approaching the 100-day mark of his second term.
The world's coral reefs are experiencing the largest global bleaching event in history, affecting 83.7% of reef areas across 83 countries since January 2023.
🌍 Global Perspectives
🇻🇦 Thousands of Catholics faithfully filed through St. Peter's Basilica to pay final respects to Pope Francis at the start of a three-day public viewing.
🇮🇳🇵🇰 India suspended the decades-old Indus Waters Treaty indefinitely after a terror attack in Kashmir killed 26 people.
🇮🇱🇵🇸 Israeli airstrikes hit a Gaza school sheltering displaced families, killing 10 people.
🇹🇷 A powerful 6.2 magnitude earthquake shook Istanbul, injuring 151 people who jumped from buildings in panic.
🇰🇪🇧🇪 Two Belgian teenagers caught with 5,000 ants valued at $9,200 await sentencing in Kenya for alleged wildlife trafficking.
🎤 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.”
🧠 Miscellanea
An entrepreneur saved India's Dal Lake by harvesting lake weeds and transforming them into organic fertilizer.
Scientists have defined a new color called “olo,” a hyper-saturated blue-green imperceptible to the natural human eye.
The FDA approved the first new oral antibiotic for UTIs in nearly 30 years.
A Michigan farm's escaped zedonk (a zebra-donkey hybrid) was caught on security cameras wandering through a residential neighborhood.
📺 What to watch today
Zebra-donkey hybrid disrupts traffic in Jackson County
That’s all for today. Did I miss anything? Smash the reply button to let me know.
