Joe Williams

President@Williams Wealth Management| Wealth Advisor | Financial Planning |Investment Management. Tweets are personal views & don’t represent financial advice.

[Joe Williams @williamwealthm2]

Here are some recent examples. 1994-1995, 2015-2017 and now.
Note the strong persistent accumulation and support at the red line, which is the 10wk moving average. History appears to be repeating itself.

[Joe Williams @williamwealthm2]

This data continues to be a guide post for this market. When the S&P 500 finally makes a new high, after it hasn’t made a new high in 12+ months, the uptrend is strong. +14.84 % 12 months later, but more important, it generally only pulls back just 3% during that advance.

[Joe Williams @williamwealthm2]

@mwebster1971 @marketsurge Got it. Thanks Mike!

[Joe Williams @williamwealthm2]

Mike, I know this isn’t your area, but anyone I can touch base with regarding MarketSurge rendering time? It has been taking 4-5 seconds to render a chart when double clicking on a symbol. Hasn’t improved. Customer service hasn’t had answers. Thx!!

@mwebster1971 @marketsurge

[Joe Williams @williamwealthm2]

@maxpashman Perplexity ‘pings’ all of them and synthesizes results while also allowing specific models to be chosen.

https://t.co/tvU2rhEJqu

[Joe Williams @williamwealthm2]

@CubbieBears I hear you. When I look at crypto weekly chart all I see is the potential for three legs down. We only just finished the 2nd. For now, good solid support at the top of the 21-24’ base. However, $80K-$85K might be resistance & if it takes out this recent low, 3rd leg time. 😬

[Joe Williams @williamwealthm2]

@CubbieBears $IGV undercut its April 25’ tariff low on Mon and rallied Tues on the highest volume ever. We should be due for at least a squeeze of anyone that has been short. Need to get over $83.01, then the 21 day etc… to have confidence of a true bottom. The 22’ low is a long way down.

[Joe Williams @williamwealthm2]

@sweatystartup Yep. Started at NWM. It took me about 6 months to realize the whole thing was rotten. Policies have low (3%) net annualized returns. Withdrawals are loans.

Brokerage is better option. 7%-10% returns, if equity. Same tax-free loans. Step up in cost basis at death = tax free inh.

[Joe Williams @williamwealthm2]

Agree. Definitely a tilt of rotation happening beneath the surface. $VTV, $VOE, $ACWV, $VFMV, $DVY all hitting new highs while $ARKK, $FFTY, $VOT all deeply below their 50 DMA.

[Christian Flanders @CFlanders7]

With ARKK/FFTY lagging and IWM/MDY doing much better last week, I wonder if we are in a period like after growth topped in feb 2021. That was a difficult period for me, laggards were breaking out and the growth leaders had topped.

[Hopkinton Independent @NewsHopkinton]

This week’s Move in Style Athlete Spotlight shines on field hockey senior Ella Fowler, a four-year varsity player and second-year captain described by coach Ally Valencia as “a cornerstone” of the program.
https://t.co/qxeAjYmU7Y

[Joe Williams @williamwealthm2]

When you look at the market, a few things:
7 out of 10 years are up. When up, the average return is 21.5%
3 out of 10 are down years. Most, are down 0-14%.
Some are serious pain. Many of those years are clustered around events. O’Neil style will help you avoid those events.

[Justin Nielsen @IBD_JNielsen]

@dvandenbord Believe me, Don, I’m wondering the same thing…

[Joe Williams @williamwealthm2]

Ask how that’s possible when natural gas prices are down 90% during the same time frame. 🧐

[zerohedge @zerohedge]

In one year, this will be the most popular chart on this site

[Joe Williams @williamwealthm2]

@mitchdmoore You go it. There are tutorial videos somewhere on Advisor Center. There is also a separate support group at Schwab for Portfolio Connect. Here is the number; [phone]

[Joe Williams @williamwealthm2]

Someone gave you bad info. When you’re in Schwab Advisor Center, go under More, Portfolio Connect. That is where you set up Reports and Billing. You can set fee schedules, group accounts to aggregate AUM at a household level and produce invoices, monthly or quarterly.

[Mitch Moore @mitchdmoore]

@williamwealthm2 @CharlesSchwab Oh I guess not.

Will check into it. I didn’t know they had a billing platform.

I called them and they said they didn’t have a software for it lol

[Joe Williams @williamwealthm2]

@mitchdmoore @CharlesSchwab Portfolio Connect is the integrated billing platform with Schwab. Have you explored that?

[Joe Williams @williamwealthm2]

@rksmythe @TKopelman 👍

[Joe Williams @williamwealthm2]

@TKopelman @rksmythe I believe each Roth inheritance beneficiary has 10 years, barring special circumstances. Therefore, in this example, your children will have 10 years from your death, not the original account owner.

[Joe Williams @williamwealthm2]

Inflation trending down. Incomes trending up. 🤷‍♂️

[Liz Ann Sonders @LizAnnSonders]

April personal income +0.8% m/m vs. +0.3% est. & +0.7% prior (rev up from +0.5%) … personal spending +0.2% vs. +0.2% est. & +0.7% prior

[Joe Williams @williamwealthm2]

Where is this inflation they speak of?

[Liz Ann Sonders @LizAnnSonders]

April PCE Price Index +2.1% y/y vs. +2.2% est. & +2.3% prior … core +2.5% y/y vs. +2.5% est. & +2.7% prior (rev up from +2.6%)

[Joe Williams @williamwealthm2]

Interesting. It was the start of the run before the 73-74’ two yr bear market when we actually undercut that low. The 70’s was a brutal decade of bear markets every few years.

[Scott Brown, CMT @scottcharts]

Last week, the S&P 500 opened lower by more than 2% but closed up more than 5%.

May 1970 was the only other time we've seen that. It marked a multi-year low and stocks gained an additional 56%

[Joe Williams @williamwealthm2]

Thomas, you know those guys don’t care about tax planning, so form 8606 is not even on their radar. Or they’re instructing their clients to fill it out fraudulently or with total ignorance. For them, ignorance is bliss. Or at least until the IRS sends their client a letter. 🤦‍♂️

[Thomas Kopelman 💵 @TKopelman]

@InvestGCM @TheJacobTurner He is saying you can do a backdoor Roth if it from an IRA that is after tax

Even if you have another IRA that is pre-tax

This is 100% false

IRS looks at all IRA balances at year end and taxes the conversion on a pro rata basis

[Joe Williams @williamwealthm2]

The headlines say we’re heading into a recession. Dr. Copper (i.e copper commodity) $CPER is saying something different. It appears about ready to breakout out of a CWH base like $GLD did back in March 2024. We’ll see who is right.