Mr. Waffle House at the Fed | 2026 Market Momentum with Tom Bowley

In this episode of the Market Misbehavior podcast, Dave is joined by Tom Bowley, Chief Market Strategist at Earnings Beats. Recorded 4/30/2026.Tom shares his insights from a recent fantasy stock-picking draft and reveals his powerful strategy of marrying relative strength technicals with strict fundamental filters—specifically, only trading companies that beat revenue and earnings expectations. We dig into why risk management is like piloting a plane, the importance of establishing your exit strategy before the trade goes wrong, his shift from a cautious stance to a bullish outlook after the recent V-shaped market bottom, and why the unprecedented dissension at the Fed has earned Jerome Powell the nickname "Mr. Waffle House."📈 Topics Covered• Using relative strength to identify and stick with market leaders (like Caterpillar and VIAVI)• Filtering technical breakouts by strictly requiring fundamental revenue and earnings beats• Establishing exit strategies (like the 20-day moving average or strict time limits) before entering a trade• The shift in market conditions that forced a rapid pivot from bearish caution to full bullishness• The "new normal" of V-shaped market bottoms and sharp, fast recoveries• Unprecedented FOMC dissension and why Tom compares Fed Chair Jerome Powell to a great coordinator but a bad head coach• Why gold typically struggles to outperform the S&P 500 when the VIX is low and the US Dollar is strong🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist👉  Follow Dave on X: https://x.com/DKellerCMT👉  Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.bsky.social👉  Follow Dave on Facebook: https://www.facebook.com/marketmisbehavior👉  Follow Dave on Instagram: https://www.instagram.com/marketmisbehaviorThe content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.