| | | | Editor’s note: | This is the last week Stocks & Income will be sent from Stefan & Wyatt at Alts.co | Starting next Monday, Alts community member Brandon Harris will be taking over the sending. | Brandon’s sports media company Playmaker, was acquired in 2023 for up to $54m, since then he’s dedicated his time to finance. | We’re excited to have Brandon put his energy into growing this newsletter! |
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Introducing BMAX from REX Shares |
The Bitcoin Corporate Treasury Convertible Bond ETF |
REX Shares specializes in alternative exchange-traded funds. |
BMAX is a pioneering ETF offering investors access to convertible bonds issued by companies that have integrated Bitcoin into their corporate treasuries. |
 | This innovative fund provides a unique blend of debt stability and potential equity upside, allowing investors to engage with the evolving intersection of digital assets and traditional finance. |
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Why invest in Convertible Debt? |
Convertible bonds are hybrid securities that offer interest payments and the potential for equity conversion. They provide interest yields during the bond's life, with an option to convert into stock if the issuing company's share price exceeds a set conversion threshold at maturity. This dual benefit structure offers exposure to Bitcoin-related corporate strategies while maintaining a foothold in traditional securities
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Details |
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Investing involves risk, including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges, and expenses of BMAX before investing. This and other important information are contained in the Prospectus, which can be obtained by visiting the link above. Please read the Prospectus carefully before investing. |
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📰 Market Headlines |
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Markets whipsawed violently yesterday before closing sharply lower. |
The S&P 500 tumbled 1.6% to 4,982, its lowest level since April 2024, while the Dow dropped 0.8%. The US economy showed resilience before the tariff shock, adding 228,000 jobs in March and beating forecasts of 140,000.
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A major hack of the Office of the Comptroller of the Currency exposed "highly sensitive information" about banks' financial conditions. |
The White House confirmed 104% tariffs on Chinese imports will take effect Wednesday. |
🏎️ Alternative investing news |
Classic Ferraris, Porsches, and Astons are fully exempt from Trump’s 25% import tariff under a special clause. |
 | 🚘 Classic car collectors dodge Trump’s 25% tariff | Alts | New tariffs on imported vehicles? Not a problem — if your dream ride is 25+ years old. Classic Ferraris, Porsches, and Astons are fully exempt from Trump’s 25% import tariff under a special clause. That means standard 2.5% duties apply, so long as th... | alts.circle.so/c/news/classic-car-collectors-dodge-trump-s-25-tariff-here-s-how |
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📊 Ideas, trends, and analysis |
 | Holger Zschaepitz @Schuldensuehner |  |
| Trump's tariff announcement this week has wiped out $8.2 TRILLION in stock market value — more than was lost during the worst week of the 2008 financial crisis. | |
 | | | 10:06 AM • Apr 6, 2025 | | | |
| | 947 Likes 240 Retweets | 89 Replies |
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🧠 Make yourself heard |
The S&P 500 is now down 19% from its peak, making this one of the biggest dips of all time. |
Are you buying? |
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😱 Fear and Greed Index |
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📊 Earnings this week |
Cal-Maine reported Q1 revenue of $1.42 billion, up 102% year-over-year but missing estimates as shares dropped 5%. Tilray missed Q3 revenue estimates with $185.78 million, down 1.4% year-over-year, as cannabis sales fell 14.4%; shares tumbled 11%. Walgreens beat Q2 earnings expectations but posted a $2.85 billion net loss, and shares slid 3.3%. WD-40 topped Q2 profit estimates and raised its 2025 outlook as margins expanded 213 basis points; shares climbed 1.17%.
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Market movers |
Microsoft fired two engineers who protested the company's AI contracts with Israel's military during its 50th anniversary celebration. Transcarent completed its $621 million merger with health benefits platform Accolade. Razer halted all US laptop sales. Gallagher poached Aon's M&A chief revenue officer, Hunter Davis, to lead its private equity practice.
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Here are some other ones popular with Stocks & Income readers: | Check out a few → |
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📊 Crypto | DOJ axes crypto unit under President Trump's regulatory pullback, ending "regulation by prosecution". Ripple acquires Hidden Road for $1.25 billion, marking one of crypto's largest M&A deals.
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🌍 Global Perspectives | | 🇮🇱 Israeli strikes killed 25 Palestinians in Gaza as the Supreme Court blocked Prime Minister Netanyahu from firing the head of internal security. 🇨🇳 🇺🇦 Ukraine captured two Chinese nationals fighting for Russia in eastern Ukraine. 🇷🇺 🇺🇦 Russian forces retook control of Guyevo village in the Kursk region, one of the last Ukrainian strongholds in Russian territory. 🇵🇭 Mount Kanlaon volcano in the Philippines erupted, sending ash 2.5 miles into the sky and forcing school closures in four villages.
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🎤 What you said last time |
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“Don't trust anyone. Especially anyone claiming they know stuff.” |
🧠 Miscellanea | Scientists successfully brought back the dire wolf from extinction after 10,000 years. A mysterious underwater pyramid discovered near Taiwan could be 12,000 years old, potentially rewriting human history. South Korea is using abandoned coal mines as mock lunar landscapes to test space mining equipment.
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📺 What to watch today |
 | Scientists: Dire wolf brought back from extinction after 13,000 years |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Or find me in the Alts Community. | Cheers,
Stefan and Wyatt |
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