Market Misbehavior with David Keller, CMT

In this episode of the Market Misbehavior podcast, Dave is joined by Kevin Abbott, Senior Sector Research Strategist at State Street Investment Management and former Fidelity colleague. Recorded in August 2026.Kevin breaks down why the "AI" label is no longer a monolithic rising tide, emphasizing the critical need to identify the winners and losers as massive hyperscaler spending trickles down into cloud computing backlogs and infrastructure hardware (like semiconductors and memory). We explore why the software sector was "sold off indiscriminately" as business models faced AI disruption, how negative free cash flow isn't always a death knell if long-term analyst estimates hold strong, and the structural advantages of using sector rotation for risk management. The conversation also explores why investors must avoid getting "swept up in the momentum of the moment" by anchoring their decisions with a stable, uncorrelated sector framework.State Street Sector Insights: https://www.ssga.com/us/en/individual/capabilities/equities/sector-investing/select-sector-etfsState Street on LinkedIn: https://www.linkedin.com/company/state-street-investment-management/📈 Topics Covered• Differentiating the AI ecosystem: Why "AI" is no longer a monolithic block, and how to spot the actual winners in cloud computing backlogs and infrastructure hardware• Unpacking the hyperscaler spending boom: Why massive CapEx and negative free cash flow (similar to Amazon in 2020) can still yield long-term returns• The indiscriminate software sell-off: How AI disrupted traditional seat-based software models, creating mispriced opportunities for contrarian buyers• Evaluating the "circular financing" risk: Monitoring debt levels and free cash flow in legacy tech names like Oracle• The stability of the sector framework: Why the 11 GICS sectors provide a far more consistent tracking mechanism than rapidly shifting factor models (like Value or Growth)• Strategic sector correlations: How to hedge a tech-heavy index by maintaining core exposure to negatively correlated sectors like Energy, Staples, and Real Estate• The four-legged stool of investing: Balancing Fundamental, Technical, Quantitative, and Behavioral inputs to avoid making the wrong decisions• Generating yield in a low-dividend market: Utilizing premium income sector ETFs (like XLKI) for retirees seeking both market exposure and cash flow🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Callie Cox, Chief Market Strategist at Ritholtz Wealth Management. Recorded August 11th 2026.Callie shares her data-driven approach to why optimism is a long-term investor's greatest advantage—and how to build a disciplined framework to ensure that optimism doesn't bleed into dangerous complacency. We dig into her brilliant "chocolate chip cookie" metaphor for understanding the U.S. national deficit, the massive shift of capital from public exchanges to private markets, and why an investor's primary job is filtering out financial media noise. The conversation also explores the resilient strength of corporate earnings six years post-COVID, the rising term premium in long-term Treasury yields, and why Wall Street's year-end S&P 500 price targets are nothing more than a marketing tool.If you enjoyed today's interview with Callie (I know I certainly did) be sure to help out by checking these fantastic links! Callie's newsletter: https://www.optimisticallie.com/Follow Callie on LinkedIn: https://www.linkedin.com/in/callie-cox-553a1a28/ 📈 Topics Covered• Why historical data proves that long-term optimism is a statistical advantage, and how to avoid the trap of market complacency• Evaluating the 2026 earnings season: Sustaining 20% growth rates and navigating the divergence between mega-cap tech and consumer staples like McDonald's• The "Chocolate Chip Cookie" metaphor: How the U.S. national deficit operates like a binge-eating stomachache, slowly creeping into 30-year Treasury yields• Navigating the explosion of private markets: Weighing the illiquidity and high fees of private credit and equity against public market returns• Why 90% of financial headlines don't matter, and how to build an individualized investment framework to filter out the noise• The myth of the year-end price target: Why grasping for S&P 500 forecasts distracts investors from long-term generational wealth building• Transitioning from an emotion-based to an evidence-based process: Using probabilistic exercises to identify portfolio blind spots🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Howard Chan, CEO of Kurv Investment Management. Recorded August 4th 2026.Howard breaks down why highly specialized memory chips (High Bandwidth Memory) have become the ultimate bottleneck in the AI infrastructure buildout, explaining how hyperscalers are driving up costs across the entire consumer electronics ecosystem. We dig into the massive physical constraints of expanding semiconductor supply, why the global memory market is dominated by a tight three-company oligopoly, and how to gain pure-play exposure to this theme through the new KMEM ETF. The conversation also explores how to rethink the traditional 60/40 portfolio by using institutional-style covered call strategies to harvest volatility premia and generate synthetic income from traditionally non-yielding assets like mega-cap tech and gold.If you enjoyed today's episode with our Guest Howard Chan, check out this link to Kurv ETFs: https://www.kurvinvest.com/📈 Topics Covered• Why High Bandwidth Memory (HBM) is critical for reducing AI "hallucinations" and maintaining context in frontier models like ChatGPT and Claude• The physical and capital constraints limiting new chip supply, including $50 billion fab costs and multi-year ASML equipment backlogs• How the pivot to AI memory is crowding out traditional chip manufacturing, driving up prices for consumer electronics like Xbox, Nintendo, and Apple devices• The three-company oligopoly controlling 90% of the world's memory chips: Micron, Samsung, and SK Hynix• Navigating the limitations of single-country Korean ETFs and the impact of SK Hynix's recent US cross-listing• The dangers of excessive retail leverage in semiconductor momentum trades (and the recent margin call wipeouts in global markets)• Rethinking covered calls: How institutional call spread strategies allow investors to harvest volatility premia (income) without completely capping upside potential• Modernizing the 60/40 portfolio by generating synthetic yield from traditionally non-income producing assets like growth tech and precious metals🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Mary Ellen McGonagle, President of MEM Investment Research and former colleague of legendary investor William O'Neill. Recorded July 29th 2026.Mary Ellen shares timeless investing wisdom on how fear and greed continue to drive the markets despite today's information overload. The conversation explores how to navigate the highly anticipated SpaceX IPO using historical chart analogs (like Meta/Facebook), the transition into "Phase 2" of the AI trade where actual revenue generation dictates market winners, and the critical importance of a strict sell discipline using daily RSI and moving averages. We also dig into seasonal summer volatility, identifying the "haves and have-nots" in the software sector, and a brilliant strategy for reverse-engineering passive ETF fund flows to uncover hidden individual stock breakouts.If you've enjoyed today's episode, please check out these links! - How to Make Money in Stocks by William O'Neil https://amzn.to/4yK1bZ7- Bull: A History of the Boom and Bust, 1982-2004 by Maggie Mahar- MEM Investment Research: https://meminvestmentresearch.com/📈 Topics Covered• Timeless lessons from William O'Neill: Why fear, greed, and earnings remain the ultimate market drivers (the CANSLIM methodology)• Navigating information overload: How to filter the modern financial "fire hose" down to actionable technical insights• The SpaceX IPO playbook: Why waiting for profitability and a proper base formation beats chasing the initial euphoric spike• Entering Phase 2 of the AI trade: The shift from speculative infrastructure to actualized revenue, usage, and eventual quantum computing• Developing a strict sell discipline: Using daily RSI and 50-day moving averages to lock in profits on parabolic names like Micron• Summer seasonality: Why August brings historical volatility and how the fall often sparks renewed tech leadership (the classic "payphone indicator")• The software sector rotation: Differentiating between AI-enhancing "haves" (cybersecurity) and obsolete "have-nots"• A clever stock-picking hack: Tracking passive ETF fund flows (like the MOO Agribusiness ETF) to identify strong underlying individual holdings• Gauging true market breadth: Why the Nasdaq 100 Bullish Percent Index hitting the 30% floor signals a hidden bullish bounce despite index-level deterioration🎓 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. 

In this episode of the Market Misbehavior podcast, Dave sits down with JoAnne Bianco, Senior Investment Strategist at BondBlox. Recorded July 28th 2026.JoAnne shares her deep fixed-income expertise to help investors navigate the current credit environment, detailing why resilient corporate earnings and low default rates continue to support a "sweet spot" in BBB to single-B debt. The conversation explores the hidden risks of circular financing in the AI infrastructure buildout (drawing stark parallels to the early 2000s telecom bubble), the rising accessibility of middle-market private credit for everyday investors, and why elevated yields have transformed bonds from defensive portfolio insurance into a truly offensive asset class. They also discuss redefining the classic 60/40 portfolio and why focusing on income over duration is the ultimate key to managing interest rate volatility.If you enjoyed today's interview with JoAnne, please check out Bondbloxx ETFs! https://bondbloxxetf.com/📈 Topics Covered• Why corporate credit conditions remain structurally strong with low default and distress rates across the BBB to single-B "sweet spot"• Drawing historical parallels between the early 2000s telecom overbuild and today's "circular financing" in AI infrastructure CapEx• Shifting fixed income from defense to offense: How elevated yields and coupon income are driving total returns• Rethinking the traditional 60/40 portfolio in an era of historically high equity P/E ratios and concentrated stock market leadership• The mechanics and benefits of private credit: Accessing middle-market CLOs, floating-rate assets, and lower-volatility yields• Why chasing long-duration US Treasuries poses a massive, underappreciated risk to investors in the current interest rate regime• Implementing a "Core and Explore" bond strategy: Enhancing a standard aggregate base with active bets in BB corporates and short-duration emerging markets• Identifying the ultimate red flags in the credit markets, including debt-financed M&A and concentrated speculative issuance🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Mish Schneider, Director of Trading Education at Market Gauge. Recorded July 23rd 2026.Mish shares her unique "Economic Modern Family" framework for diagnosing the true health of the US economy beyond mega-cap tech leadership. We dig into why small caps ("Grandpa Russell") have shown surprising relative strength compared to overextended tech indices, the resurgence of agricultural commodities as primary inflation barometers, and how geopolitics and El Niño droughts are fueling higher food prices. The conversation also explores the impending sentiment "switch" from "everything is fine" optimism to inflation-driven anxiety, gold's key technical pivot near $4,000/oz, and her new AI-powered short-form educational series, Trades of Our Lives.📈 Topics Covered• The "Economic Modern Family" framework: Gauging the US domestic economy through "inside sectors" rather than mega-cap tech• Small-cap relative strength: Why "Grandpa Russell" (IWM) holding key technical levels reflects optimism in domestic manufacturing• The semiconductor cycle: Navigating CapEx pushback, data center fatigue, and consolidation in tech leadership• The agricultural commodity breakout: How El Niño droughts, fertilizer costs, and oil prices are driving DBA, wheat, and soybeans higher• Sugar as the ultimate economic barometer: Why watching soft commodities reveals true socioeconomic distress and inflation• The sentiment "switch": Preparing for the market shift from "buy-the-dip" optimism to macro anxiety• Re-allocating to Gold: Why holding the $4,000/oz level marks a key pivot point for safe-haven positioning• Midterm election seasonality: Historical market cycles, geopolitical risks, and navigating Q3/Q4 volatility• Trades of Our Lives: Using short-form AI video and soap-opera dramedy to teach trading literacy to the next generation of investors🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Steve Cress, Head of Quantitative Research at Seeking Alpha. Recorded July 21st 2026.Steve explains how quantitative methodologies eliminate emotional bias and act as an early-warning "Richter scale" for broader market corrections. We dig into why momentum remains the single strongest historical predictive factor, how his team's disciplined multi-factor model has consistently outperformed dynamic hedge funds like Bridgewater, and the staggering data behind buying top-tier "Strong Buy" stocks during a 15% market drawdown. The conversation also explores the launch of the new Quant Growth and Income product, how macro shifts like interest rates naturally bake themselves into consensus EPS revisions, and why generative AI still hasn't managed to beat a purely data-driven, bottom-up quant approach at stock picking.If you enjoyed our episode today, please make sure to check out our Market Misbehaviour collaboration with Seeking Alpha! These links will give you a unique bonus off just for being a podcast viewer.  Seeking Alpha Premium: https://marketmisbehavior.com/seekingalphaAlpha Picks: https://marketmisbehavior.com/alphapicks📈 Topics Covered• How quantitative models act as an early-warning "Richter scale" for sector rotations and market corrections• The historical data on buying the dip: Why buying top quant stocks during a 15% market drawdown creates generational wealth• Breaking down Seeking Alpha's five-factor model: Value, Growth, Profitability, EPS Revisions, and Momentum• Why momentum consistently ranks as the most powerful predictive market factor over the last 250 years• The danger of dynamic factor weighting: Why disciplined, static models often outperform complex hedge fund algorithms• How macro shifts (like rising interest rates or oil prices) are naturally priced into the model via consensus analyst EPS revisions• Assessing AI valuations on a stock-by-stock basis: Why names like Micron and SanDisk outranked Nvidia in the value grade• Launching the "Quant Growth and Income" model to capture non-tech sector rotations (like Financials)• The behavioral advantage of quant investing: Eliminating narrative bias, CEO sales pitches, and emotional panic selling• The intersection of generative AI and quantitative finance (and why AI hasn't beaten the models yet)🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Chris Tessin, Founder and Managing Partner at Acuitas Investments. Recorded July 14th 2026Chris breaks down why the often-ignored small and microcap space is currently the richest corner of the market for generating alpha. We dig into how the glaring lack of Wall Street analyst coverage creates massive inefficiencies for active managers to exploit, and how a "multi-manager" approach can smooth out volatility by blending complementary investment styles. The conversation also explores the critical differences between the Russell 2000 and S&P 600 benchmarks, how the AI boom is creating "picks and shovels" opportunities in small-cap industrials, and why performance chasing fails because "investing is not sports."If you enjoyed this interview, please check out Chris Tessin's work at: https://acuitasfunds.com/📈 Topics Covered• Why the glaring lack of Wall Street analyst coverage in small and microcaps creates massive alpha opportunities• Unpacking the "multi-manager" approach: How blending complementary managers removes single-manager volatility and smooths the ride• The critical difference between the Russell 2000 and the S&P 600 (and why the S&P's profitability/quality screen matters)• Understanding the "Russell Rebalance": How the pruning process works as stocks grow out of the index• Finding AI "picks and shovels" plays in the small-cap industrial sector rather than chasing overvalued mega-cap tech stocks• Why investing is not sports: The psychological dangers of bandwagoning and performance chasing in your portfolio• The structural argument for maintaining a permanent, evergreen allocation to small and microcap stocks🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by market veteran Tony Gallea, CEO of Working Profit and author of the classic investment text Bulls Make Money, Bears Make Money, Pigs Get Slaughtered. Recorded July 9th 2026. Tony draws on his illustrious 45-year career at Morgan Stanley to help investors tune out overwhelming macro noise and focus on locating structurally undervalued assets. We dig into his grounded take on the AI trade—likening generative AI to an overeager, unpaid intern prone to rookie mistakes—and analyze why the semiconductor boom is a classic "pig through the python" cycle. The conversation also explores Tony's early days updating printed Mansfield charts by hand in the late 1970s, his disciplined process for separating genuine value from dangerous value traps using activist catalysts, and why letting the stock price tell you what to do is vastly superior to getting lost in complex macro forecasting. Working Profit newsletter https://workingprofit.com/ Contrarian Investing https://amzn.to/4peRYn5 Bulls Make Money, Bears Make Money, Pigs Get Slaughtered https://amzn.to/4yfdZX3📈 Topics Covered • Tony's realistic perspective on the AI trade: Treating large language models as eager, junior research interns whose work cannot be blindly trusted • The "pig through the python" capital expenditure cycle of data centers and semiconductors, drawing stark psychological parallels to the 2000 dot-com bubble • Embracing a pure stock-picker's mindset: Looking at the market as a fluid system of "source of funds vs. use of funds" to buy uncool, defensive assets at deep discounts • Deconstructing value traps: Combining deep asset calculations (like Target's real estate or Honeywell's sum-of-the-parts setup) with near-term activist investor catalysts • Tuning out the macro noise: Why trying to factor in the Federal Reserve, geopolitical tensions with Iran, and election-year defense sector gyrations introduces unnecessary uncertainty • Old-school technical analysis: Reflecting on the pre-digital era of the 1970s and 1980s, where practitioners queued at the office door for weekly printed Mansfield chart binders • The critical baseline decision: Forcing yourself to define whether you are operating on a short-term trading lease or a long-term investment horizon🎓 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. 

In this episode of the Market Misbehavior podcast, Dave sits down with fixed-income portfolio manager and veteran Fed observer Jeff Klingelhofer of Aristotle Pacific Capital. Recorded July 7th 2026.Jeff shares his perspective on the monumental regime shift at the Federal Reserve following Kevin Warsh’s first official FOMC meeting and press conference in June. We pull back the curtain on the Fed's "triple mandate," why the era of aggressive forward guidance and central bank transparency is likely coming to an end, and why the market's "glass-half-full" complacency regarding the conflict with Iran and the Strait of Hormuz introduces significant hidden risk. The conversation also breaks down the structural mechanics of the flattening yield curve, why a rate hike is currently more statistically probable than a cut, and how to intelligently structure the 40% fixed-income sleeve of a balanced portfolio using intermediate-duration Treasuries yielding mid-5% to low-6% returns.📈 Topics Covered• Navigating the Fed's learning curve: Assessing incoming Chair Kevin Warsh's initial policy moves and the formation of five new task forces• The true definition of the Federal Reserve’s triple mandate: Balancing price stability, maximum employment, and moderate long-term interest rates• The unwinding of Fed transparency: Why a high-inflation environment requires significantly less forward guidance than the zero-rate eras of the past• Analyzing Jerome Powell's historical legacy: Major wins during the global pandemic balanced against being too slow to acknowledge systemic inflation in 2021–2022• Deconstructing the yield curve: How Warsh's inflation-fighting credibility is driving front-end rates up while narrowing long-term uncertainty• Debunking rate-cut expectations: Why the Fed is likely to remain completely on hold indefinitely unless a full-blown economic recession materializes• Geopolitical complacency: The dangerous disconnect between active Middle East tensions, erratic oil prices, and baseline market expectations• The structural strength of the US Dollar: Evaluating interest rate differentials and the rising cost of servicing US national debt (now consuming 20% of revenue)• Redefining the 60/40 portfolio: Positioning into high-quality, intermediate-duration (3-to-7 year) credit as a true defensive asset ballast🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by legendary technical analyst Carter Worth, Founder and CEO of Worth Charting and CNBC's "Chart Master." Recorded July 1st 2026.Carter shares his timeless, price-and-volume-centric approach to market analysis, stripping away the noise of macro headlines and complex oscillators. We dig into why context is the ultimate lens for understanding price action, the enduring value of hand-drawing charts to truly feel the rhythm of institutional money flow, and how the current market's severe tech bifurcation signals a classic "shooting the generals last" environment. The conversation also explores Carter's core risk management principle that "entry points are absolute, exit points are subjective," alongside the exact data-science rules driving his newly launched Worth Charting Options Income ETF (WRTH).If you enjoyed this episode's insights and would like to dive deeper, please check out Carter's website at: https://www.worthcharting.com/Also check out the Worth Charting Options ETF!: https://worthchartinggroup.com/📈 Topics Covered• The fundamental philosophy of price action: Why the study of price and volume ultimately trumps corporate fundamentals• Contextualizing the 2026 market sequence: Interpreting June’s sloppy, sideways consolidation as a healthy, normative pause following May’s aggressive post-conflict recovery• Minimalist technical tools: Eliminating analytical clutter by focusing strictly on the high, low, close, volume, relative strength, and the 150-day moving average• Lessons from mentor Vincent Boening: Embracing the "lost art" of updating graph paper charts by hand to accurately gauge the physical behavior of capital• The fragility of tech bifurcation: Navigating a market where investors cluster into a shrinking handful of overextended semiconductor generals while abandoning entire software spaces• The contrarian case for energy: Why severe relative underperformance has left defensive giants like Exxon and Chevron "so bad they're good" contrarian buys• Managing the downside: Why there is nothing wrong with being wrong, but why sticking with a high-volume gap-down is a catastrophic error• Inside the WRTH ETF: Utilizing cash-secured, out-of-the-money strangles on large-caps specifically after a 10% earnings gap to capture immediate volatility crush and time decay🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Mike Willis, CEO of Cyber Hornet ETFs. Recorded June 30th 2026.Mike shares his journey from spending 30 years in traditional finance (TradFi) to fully embracing decentralized finance (DeFi) after diving into the immutable math behind Bitcoin. We dig into the stark contrast between unchecked fiat currency debasement and Bitcoin's absolute scarcity, why the massive energy expenditure used for mining is actually a foundational security feature, and the structural advantages of a 75/25 (S&P 500/Bitcoin) portfolio allocation. The conversation also explores how Cyber Hornet's monthly rebalancing mechanism acts as a vital guardrail to protect clients from devastating "crypto winters" while still allowing them to capture outsized upside.🎓 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🎯 Upgrade your market awareness with Seeking Alpha Premium https://marketmisbehavior.com/seekingalpha👉  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/marketmisbehavior📈 Topics Covered• Mike's transition from Wall Street traditional finance to embracing Bitcoin and the DeFi ecosystem• The contrast between the Federal Reserve's unchecked monetary printing and Bitcoin's hard-capped 21-million coin scarcity• Why the significant electricity cost required for Bitcoin mining (roughly $53,000 per coin) serves as a critical network feature, not a bug• The psychology behind Cyber Hornet's BBB ETF: Combining 75% S&P 500 with 25% Bitcoin to find the "sleep-at-night" volatility sweet spot• Why a strict monthly rebalancing strategy is the ultimate key to surviving 50-70% drawdowns during "crypto winters"• Why pure technical analysis works exceptionally well for analyzing Bitcoin due to its lack of corporate management or product cycles• How decentralized, borderless networks offer frictionless financial sovereignty to the two billion unbanked people worldwide🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Andrew Skatoff, CEO and CIO of Bancreek Capital Advisors.Andrew shares his journey from traditional, deep-dive fundamental value investing to a highly systematic, quantitative approach. We dig into the data science behind the Kelly Criterion and how to apply gambling's "edge and odds" to optimize stock position sizing without risking gambler's ruin. The conversation explores the massive tax and behavioral benefits of the ETF wrapper, why the sweet spot for portfolio concentration sits between 30 and 50 stocks, and the strategy behind his new Billionaire's Club ETF, which uses founder wealth creation as a definitive signal for structural business advantages.If you enjoyed today's interview with Andrew Skatoff, be sure to check out his firms Billionaire's Club ETF!  https://www.billionairesclubetf.com/And don't forget the book we discussed, Fortune's Formula. If you would like to pick up a copy for yourself, or just see what the book is all about, check out this link!  https://amzn.to/3SpOq5h📈 Topics Covered• Andrew's transition from traditional fundamental value investing to a data-driven systematic approach• Understanding the Kelly Criterion: How to mathematically size positions based on edge and odds• The danger of going "Super Kelly" and why over-betting destroys long-term compounding• Identifying structurally advantaged businesses (monopolies, high margin stability) using volatility metrics• Why the ideal portfolio concentration sweet spot sits between 25 and 50 stocks• The psychological and tax advantages of using the ETF wrapper to eliminate behavioral anchoring and manage turnover• Lessons from the Great Financial Crisis: Why the "path" of volatility matters just as much as the overall return• The strategy behind the new Billionaire's Club ETF: Using founder wealth creation as a long-term momentum and durability signal🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by John Kolovos, Chief Technical Strategist at Macro Risk Advisors and President of the CMT Association. Recorded in late June 2026.John shares his top strategies for navigating the mature phases of a bull market and how to spot crucial momentum divergences when the "character" of the market begins to change. We dig into why momentum is the only true leading indicator, the danger of the US Dollar Index breaking out and flattening the yield curve, and how to combine textbook measured moves with Elliott Wave extensions to pick precise upside targets. The conversation also explores how to embrace uncomfortable market concentration using relative strength and honors the lost art of hand-drawing Point and Figure charts.📈 Topics Covered• Understanding the "Momentum Trifecta": Combining price, volume, and breadth to confirm buy/sell signals• Recognizing "Good" vs. "Bad" overbought conditions when exiting a V-bottom or entering a mature trend• Why relative strength is the ultimate tool for navigating uncomfortable market concentration in institutional portfolios• How a US Dollar Index (DXY) breakout above 105.5 could aggressively flatten the yield curve and trigger a macro "risk-off" event• Why seasonal weakness (the "Sell in May" strategy) should make you highly skeptical of unseasonal market strength• The tactical case for a pullback in crude oil and a broader secular bearish trend in precious metals (Gold/Silver)• Combining traditional Edwards and Magee measured moves with Elliott Wave Fibonacci extensions to set price targets• Remembering the legacy of Steve Shobin and the "lost art" of hand-drawing charts to feel the rhythm of the tape🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Dave Lundgren, founder and Chief Market Strategist at MOTR Capital Management & Research. Recorded in mid-June 2026.Dave Lundgren shares his systematic approach to combining momentum and trend following to build necessary guardrails against our worst investing impulses. We dig into why trying to completely eliminate your behavioral biases is a guaranteed way to fail, how the Jurassic Park franchise perfectly explains the storytelling psychology of market bubbles, and why investors must learn to operate in a dual environment—riding the robust bull market in leadership while avoiding the stealth bear market in everything else. The conversation also explores the fractal nature of trends and why the ultimate secret to navigating a bubble is to act as the "Sentinel," staring strictly at the market structure "fence" rather than the monsters of overvaluation.📈 Topics Covered• The MOTR philosophy: Combining momentum and trend to systematically identify true market leadership• Why systematic investing doesn't eliminate behavioral biases, but rather builds essential guardrails to navigate them• The "Tuning Fork" concept: Learning to recognize your own emotional impulses and objectively test them against your process• The reality of backtesting: Why capturing the top decile is a more sustainable strategy than chasing the number one performing stock• The Jurassic Park metaphor: How market bubbles follow the exact same storytelling structure throughout history, just with different characters• Operating in a dual market: Navigating the robust bull market in AI leadership alongside the stealth bear market in lagging sectors• The "Sentinel" approach: Ignoring the news, the narratives, and the monsters of excessive leverage to focus strictly on the "fence" of market structureIf you enjoyed this episode, be sure to go check out The Official podcast of the CMT Association Fill the Gap! https://cmtassociation.buzzsprout.com/🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Jeff Huge, Chief Investment Strategist at JWH Investment Partners. Recorded June 9th 2026.Jeff brings the hard data to explain why the current market concentration and speculative options trading represent an unprecedented historical extreme. We dig into the private-equity accounting methods artificially boosting mega-cap tech earnings, why the S&P 500’s return is completely flat if you subtract the semiconductor sector, and how the Elliott Wave theory signals a terminal market top. The conversation also explores the looming oil supply shock caused by the Strait of Hormuz closure, why rotating tech profits into defensive sectors is like pouring "buckets of capital into thimbles," and how to utilize a 25/25/25/25 "Perfect Portfolio" framework to protect your wealth.📈 Topics Covered• Unprecedented market concentration: The top 10 stocks now make up 41% of the S&P 500 (matching the dot-com bubble peak)• The stark reality that the S&P 500 is completely flat off the March lows if you subtract the semiconductor sector• How equity ownership accounting (like mega-cap investments in Anthropic) is artificially boosting tech earnings beats• The "Speculation Generation": How retail call option volume on the S&P 500 has massively doubled to $2.6 trillion• Using Elliott Wave theory to identify a terminal "ending diagonal triangle" pattern, signaling a major market top• Why rotating massive tech profits into tiny defensive sectors (real estate, staples) is like pouring "buckets of capital into thimbles"• The hidden structural oil shortage caused by the Strait of Hormuz closure and the 12-16 week lag before consumers feel it at the pump• Navigating volatility with the "Perfect Portfolio" framework: Equally weighting 25% across equities, fixed income, cash, and alternatives (commodities/REITs)🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by JC O'Hara, Chief Technical Strategist at Roth Capital Partners. Recorded June 4th 2026. JC shares his deep institutional experience to help investors understand why current market valuations aren't the ultimate timing tool and how trailing stops must adapt to volatile momentum trends. We dig into why quantitative trend-following models (CTAs) are the "secret rockstars" of this market, the danger of letting media headlines dictate your portfolio, and how to use short-term tools like the NYSE Tick Index to gauge intraday buying pressure. The conversation also explores the massive upcoming SpaceX IPO, looking back at historical analogs like Facebook's shaky debut to understand how to handle the hype of a new listing.📈 Topics Covered• Why broad valuation metrics are better suited for bear market bottoms rather than timing bull market tops• Adapting trailing stops for momentum markets: Why a static 7% stop-loss will shake you out of a 1,000% gain• Understanding the "boogeyman in the room": Why quantitative trend-following systems (CTAs) are driving current market rotations• Being comfortable with uncomfortably narrow market leadership in year four of a bull market• Using the NYSE Tick Index (and its 20-day smoothed average) to spot intraday institutional buying pressure and market tops• Evaluating the massive upcoming SpaceX IPO by looking at historical analogs like Meta/Facebook's initial public offering• Debunking the "Sell in May" seasonality myth in favor of pure, immediate price action• Why trading based on news headlines (tariffs, COVID, geopolitics) is a surefire way to get the market wrong🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Andrew Horowitz, money manager at Horowitz & Company and host of the long-running Disciplined Investor podcast. Recorded May 28th 2026. Andrew shares his perspective on tuning out the 24/7 news cycle and maintaining an objective, long-term mindset. We dig into why the stock market continues to hit all-time highs despite global conflicts and dismal consumer confidence, the hidden impact of government stimulus and "circular financing" fueling big tech earnings, and why paying too much attention to high valuations is a surefire way to miss a bull market. The conversation also explores the danger of getting trapped by economic narratives, why you should never take a stock tip on the golf course, and the ultimate importance of prioritizing process over prediction.📈 Topics Covered• Navigating the 24/7 financial noise: Why zooming out to long-term charts is crucial for emotional discipline• The disconnect between record-low consumer sentiment (University of Michigan survey) and actual resilient consumer spending• Understanding "circular financing" and vendor financing: How big tech balance sheets are artificially pumping up current earnings• The massive underlying impact of government stimulus (CHIPS Act, Inflation Reduction Act) on corporate profits• Why traditional stock valuations don't matter in a momentum-driven, market-cap-weighted environment• The danger of "narrative bias" and why investors must adapt to the tape rather than fighting it• Why shorting the market as a long-term strategy historically destroys wealth• Process over prediction: Why having a repeatable, quantitative system is better than trying to guess the next market crashIf you enjoyed this episode, please check out Andrew's Podcast as well! You can find him here: https://thedisciplinedinvestor.com/blog/Also, don't forget to check out DH Unplugged as well for a more unscripted experience!: https://www.dhunplugged.com/🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by psychologist Dr. David Bonanno, author of The Consistently Calm Trader. Recorded 5/26/26. Dr. Dave shares his clinical expertise to help investors understand the physical and subconscious forces that hijack our decision-making. We dig into why adrenaline is the ultimate enemy of the trader, the involuntary mechanics of the fight, flight, freeze, or fawn response, and why simply "trying harder" or gaining more market knowledge won't fix emotional trading. We also explore the dangers of "global thinking," why cultivating the ability to be sad is a psychological superpower, and how unique techniques leveraging eye movements can help traders reset their nervous systems and get out of their own way.If you enjoyed this interview and want to learn more about the psychology of good trades, check out Dr. Dave's book! https://amzn.to/4u4sBoM.  You can learn more about Dr. Dave's coaching services here https://maxdiscipline.com/ and also check out his YouTube channel https://www.youtube.com/@dr.bonanno.📈 Topics Covered• Why smart, analytical people consistently make irrational trading decisions under pressure• The physiological impact of adrenaline and how it forces the logical brain offline• Understanding the involuntary fight, flight, freeze, or fawn responses in the financial markets• Why "State Beats Thought" and why traditional journaling isn't always enough to fix subconscious habits• The danger of "global thinking" and tying your personal character or self-worth to individual trades• Embracing imperfection and learning to process sadness rather than anger or revenge trading• Using eye movement techniques (rooted in EMDR) to regulate the nervous system before a session• The crucial difference between emotional reactivity and trusting your market intuition🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Paisley Nardini, Managing Director and Head of Multi-Asset Solutions at Simplify Asset Management. Recorded May 12th, 2026Paisley shares her perspective on why the traditional 60/40 portfolio faces significant challenges in a modern regime defined by sticky inflation and positively correlated stock-bond movements. We dig into why diversification requires more than just two asset classes, the tactical role of "liquid alternatives" like trend following to manage volatility, how hard assets can act as a natural hedge against inflationary pressures, and why Paisley believes "volatility is the price of entry" for long-term investors who want to participate in the market successfully.If you enjoyed this podcast, please give Paisley's a shot! You can catch her and her co-host Josh Flade talking about improving investor resilience at: https://buildingbetterportfolios.my.canva.site/📈 Topics Covered• The breakdown of stock-bond diversification in a high-inflation regime• Why the Fed is now "between a rock and a hard place" regarding interest rate policy• Why the "Fed Put" is no longer a reliable safety net for investors• Liquid alternatives and systematic trend following as essential negative correlation hedges• Hard assets (commodities/real assets) as an underrepresented inflation protection• Understanding the "everything else" category: Liquid alts, global macro, and tail-risk strategies• The educational gap in alternative investments for retail and advisor portfolios• Defining the "active" fee budget: Paying for risk management versus paying for traditional stock picking🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Dean Christians, founder and lead market strategist at Turning Point Market Research. Recorded May 8th, 2026Dean shares what he’s learned from his early days in the Chicago Board of Trade options pits and how that "kill or be killed" mentality shaped his highly disciplined, evidence-based approach to technical analysis. We dig into how the market is currently climbing a macro "Wall of Worry," why 52-week lows are the single most critical indicator to monitor in a bull market, and how to use trend persistence and relative strength to find market leaders. The conversation also explores why current weak market breadth feels eerily similar to the stealth bull market of the early 1990s, and why investors must constantly ask themselves the ultimate Ned Davis question: "Do you wanna be right, or do you wanna make money?"📈 Topics Covered• Lessons from the Chicago Board of Trade pits: Why grit and determination often beat an Ivy League education• Climbing the 2026 "Wall of Worry": The impact of elevated oil prices and interest rates on the Consumer Discretionary and Housing sectors• Dean’s technical framework: Blending macro composite models with absolute trend and relative strength• Why "trend persistence" (consecutive closes above the 10-day moving average) is a massive sign of a healthy market• Debunking the "Sell in May" seasonality myth in favor of pure price action and trend analysis• Why current weak market breadth—driven by rolling stealth corrections—mirrors the grinding bull market of the early 1990s• Understanding sentiment: Why high optimism isn't necessarily a top, because "you need bulls to have a bull market"• Why 52-week lows (not 52-week highs) are the ultimate warning sign to monitor for a major market correction• Non-AI market opportunities: Identifying bullish technical rotations in industrial metals (lithium, copper) and agricultural grains🎓 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. 

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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Bruce Fraser, an educator, professor, market veteran of 45 years, and world-renowned expert in the Wyckoff Method. Recorded 04/28/2026Bruce shares his incredible wisdom to help us view the markets through a "Wyckoffian" lens. We dig into the psychology of the "Composite Operator" (the smart money), the mechanics of accumulation and distribution phases, why stocks must be absorbed into "strong hands" to trend higher, and how to conquer the psychological hurdle of paying up for strength once a breakout occurs. We also reflect on the fractal nature of charts, the current reaccumulation structures in semiconductors, and pay tribute to Bruce's mentor, the legendary technical analyst Hank Pruden.Links we discussed during the episode:📈 Learn more about Bruce's work at https://www.wyckoffanalytics.com/ and check out Bruce and Roman Bogomazov's Wyckoff course at https://www.wyckoffanalytics.com/demand/basic-charting-course/.📈 Stan Druckenmiller's interview with Morgan Stanley: https://www.youtube.com/watch?v=z_pk4eBDaLA📈 Hank Pruden's fantastic book "The Three Skills of Top Trading" : https://amzn.to/49pehQe📈 Classic trading book "Reminsicences of a Stock Operator": https://amzn.to/4cLZNMG📈 Topics Covered• Understanding the core premise of the Wyckoff Method and tracking the "Composite Operator"• The law of supply and demand: why stocks must be absorbed by strong hands to trend higher• Breaking down the specific phases (A through E) of market accumulation and distribution• The psychological difficulty of paying for strength and staying in a trend (featuring a great Stanley Druckenmiller anecdote about Nvidia)• The fractal nature of the Wyckoff Method and applying it across multiple timeframes• Identifying "reaccumulation" structures in current 2026 market leaders, such as semiconductors• Honoring the legacy of technical analysis giant Hank Pruden and the Golden Gate University program🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Chris Vermeulen, founder of The Technical Traders and author of Asset Revesting. Recorded 04/21/2026Chris shares his purely technical approach to navigating the 2026 market, highlighting the recent euphoric run and subsequent correction in precious metals. We dig into his "Asset Revesting" philosophy of never holding an asset in a downtrend, why managing a portfolio is exactly like flying an airplane with a damaged wing, the importance of strict discipline over emotional reactions, and why a breakout in the US Dollar Index could trigger the next major market reset for both equities and metals.📈 Topics Covered• Navigating early 2026 volatility and the controlled equity sell-off around the Strait of Hormuz• The euphoric blow-off top in gold and silver, and Chris's targets for a precious metals reset (down to $40 silver) before the next massive leg up• How piloting an airplane with a damaged wing mirrors disciplined trading, relying on checklists, and strict risk management• The core philosophy of "Asset Revesting": avoiding assets in downtrends and rotating seamlessly into cash, bonds, or currencies• Why following pure price action and trend momentum is superior to trading fundamental news or earnings• Monitoring the US Dollar Index (DXY) at the 100-101 level as a massive potential warning sign for both stocks and precious metalsIf you enjoyed this interview and are hungry for more, please check out Chris Vermeulen at: https://thetechnicaltraders.com/And check out his book, "Asset Revesting: how to xclusively hold assets rising in value, profit during bear markets, and continue building wealth in retirement."🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Nick Raich, founder and CEO of The Earnings Scout. Recorded 4/16/2026. Nick shares what he’s learned from years of analyzing corporate earnings data and guiding institutional investors. We dig into the crucial difference between a bearish "Alligator Jaw" divergence and a bullish "Rocket Ship" setup, why the smart money focuses on the delta in earnings estimates rather than simple quarterly beats, how to separate consumer sentiment noise from actual spending data, and why robust earnings growth means the Federal Reserve doesn't need to cut interest rates anytime soon.📈 Topics Covered• Defining the "Alligator Jaw" (a major warning sign) versus a bullish "Rocket Ship" market setup• Why the delta (rate of change) in forward earnings estimates matters far more than simple quarterly beats• How the recent spike in oil prices is—and isn't—impacting corporate earnings guidance• Reconciling weak consumer sentiment surveys with the reality of strong consumer spending• The current state of the AI trade: fears in the software space versus booming semiconductor estimates• How private equity and delayed IPOs have structurally changed the small-cap market• The debate over quarterly earnings reporting and the importance of management transparency• Why the Fed cutting interest rates in the face of above-trend growth would be a massive mistake• The power of combining fundamental earnings data with technical price momentum (1 + 1 = 3)And If you enjoyed our conversation today with Nick, be sure to dive deeper into his insights at: https://www.earningsscout.com/🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Thomas Urano, Co-CIO of SAGE Advisory. Recorded 4/14/26.Thomas shares his fixed-income expertise to help us make sense of the bond market's wild ride in early 2026. We dig into how the conflict in the Middle East has shifted the driver of bond yields from macroeconomic data to oil and inflation, what a new Fed Chair means for the future of quantitative easing and rate cuts, and why the Core CPI is actually a better gauge for monetary policy than headline numbers. We also redefine the true role of bonds as a portfolio diversifier and explore where investors should look across the yield curve—from the 0-5 year maturity range to credit risk and mortgage securities—to find stability and yield today.📈 Topics Covered• How the Middle East conflict shifted the bond market's focus strictly to oil and inflation• Why the market priced out 2026 rate cuts and how to think about the 3% neutral rate (R-star)• The critical difference between Headline and Core CPI, and why the Fed focuses on the latter• Why the unreliability of initial economic data prints requires a broader "mosaic" approach to analysis• The impact of incoming Fed Chair Kevin Warsh and a potential shift toward a more traditionalist monetary policy• Redefining bonds as a diversifier: relying on low return volatility rather than strict negative correlation to equities• Where to allocate in fixed income right now: the 0-5 year maturity range, investment-grade credit risk, and mortgage bonds🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Ross Mayfield, an Investment Strategist for Baird Private Wealth Management. Recorded 3/31/26.Ross shares his macro perspective on navigating a highly volatile and shifting 2026 market. We dig into why corporate earnings are the ultimate line in the sand for maintaining the bull market, the shifting landscape of AI valuations, and why energy has become an essential geopolitical portfolio hedge. We also discuss the "meme-stock-ification" of silver, how to spot a market bottom using the discretionary-versus-staples ratio, and why the biggest risk to equities right now would be the Fed hiking rates into a commodity-driven energy shock.📈 Topics Covered• Transitioning into a high-volatility, high-dispersion market regime• Why earnings stability and guidance dictate the difference between a correction and a bear market• Evaluating the AI sector: Attractive forward multiples versus broken technical charts• The self-correcting nature of crude oil demand and energy as a mandatory portfolio hedge• Gold's "sell the news" reaction and the sudden meme-stock-ification of silver• The necessity of evolving the traditional 60/40 portfolio with alternative assets• Using the equal-weight Discretionary vs. Staples ratio ("the best economist on Wall Street") to spot risk-on market bottoms• The danger of the Federal Reserve hiking interest rates into an energy supply shock🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Stephen Suttmeier, founder of Suttmeier Technical Strategies. Recorded 3/18/26. Steve shares what he’s learned from his extensive career on Wall Street, including his time working alongside legendary technicians like Bob Farrell and Mary Ann Bartels. We dig into his daily progression process for evaluating macro markets, the critical role of absolute versus relative price charts, and his strategic use of specific weekly moving averages. The conversation also explores current market breadth, the recent struggles of mega-cap growth stocks, his four-bucket framework for sector rotation, and how financial advisors can seamlessly translate complex technical analysis into actionable insights for their clients.📈 Topics Covered• The legacy of technical analysis at Merrill Lynch and learning from industry legends• Defining secular and cyclical trends using 13, 26, 40, and 200-week moving averages• Analyzing market breadth via advance/decline lines and the new highs versus new lows spread• Evaluating the current market dynamic of equal-weight outperformance versus mega-cap weakness• The "four-bucket" methodology for categorizing absolute and relative stock performance to find leadership• Identifying sector rotations, including the recent strength in Technology versus Staples• Practical ways financial advisors can integrate technical nuggets and risk management into client communications🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Rob Thummel, Managing Director and Senior Portfolio Manager at Tortoise Capital. Recorded 3/17/26.Rob shares what he’s learned from 30 years of investing in the energy sector, including his perspective on navigating unprecedented global supply shocks. We dig into the ongoing conflict in the Middle East and its impact on the Strait of Hormuz, the critical differences between WTI and Brent crude, the mechanics of Master Limited Partnerships (MLPs), how the AI boom is supercharging natural gas demand, and why high free cash flow and dividend yields matter so much in a tricky 2026 environment.📈 Topics Covered• The closure of the Strait of Hormuz and its immediate impact on global oil supply• Key differences between West Texas Intermediate (WTI) and Brent crude oil benchmarks• The role of the US Strategic Petroleum Reserve (SPR) during supply disruptions• How US energy independence and shale technology buffer against hyper-inflationary oil prices• The fundamental shift in energy sector balance sheets toward high free cash flow and dividend yields• Understanding Master Limited Partnerships (MLPs) and their unique structure• How the massive electricity demand required for AI data centers is driving the long-term bull case for natural gas🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Alex Carteau, president and co-founder of EPSMomentum. Recorded 3/12/26.Alex shares what he’s learned from years of analyzing stock performance, including his firsthand experience working with institutional investors and analysts during his time at Bloomberg. We dig into the true relationship between price and earnings, the critical difference between raw earnings and earnings acceleration, how to navigate the intense volatility of earnings gaps, and why understanding post-earnings drift and technical indicators like Average True Range matters so much in a tricky 2026 macro environment.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Justin Nielsen, Market Research Director at Investor’s Business Daily. Recorded 3/10/26.Justin shares what he’s learned from years of applying the William O’Neil methodology, including his firsthand experience working with Bill O’Neil himself. We dig into market awareness, idea generation, the challenge of sideways markets, how CANSMLinvestors think about market direction, and why flexibility, humility, and disciplined risk management matter so much in a tricky 2026 environment.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Lindsey Bell, Chief Investment Strategist at 248 Ventures.We dig into one of the most important themes for investors in 2026: why earnings still matter more than headlines. Lindsey explains how market narratives around AI, inflation, and geopolitics can distract from the evidence that really drives long-term returns—revenue growth, margins, productivity, and consumer behavior. We also explore the rotation from AI producers to AI users, why consumer staples are quietly improving, and how logistics, transportation, and selected retail names may be telling a stronger story than many investors realize.  Recorded 3/5/26.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by legendary investor George Noble. George began his career as an intern for Peter Lynch at Fidelity and later managed the Fidelity Overseas Fund, which at one point was the number one mutual fund in the world.We dig into what George sees as a major regime shift in 2026: rotation over recession, real assets over liquidity trades, and valuation over narrative. We discuss the unwind of the AI euphoria, why price is not the same as value, the case for energy and precious metals, and George’s strong views on gold versus Bitcoin. Along the way, he shares timeless lessons on humility, conviction, and avoiding the trap of emotional attachment to positions.Check out George Noble's newsletter https://georgenoble.substack.com/ and also sign up for his upcoming event on March 11th at https://noble-capevents.com/.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Clint Sorenson, CMT, Co-Founder of Ascentis Asset Management.We dig into how Clint uses technical analysis as a complete decision-making and communication system—from his “price, price, price” philosophy to his GRIP framework (Growth, Risk appetite, Inflation, Policy). Clint explains why market indices don’t always “confirm” economic data, why factor rotation often tells the story better, and how intermarket relationships (credit, commodities, global equities, crypto, and more) help identify regime change. We also explore the weekly/monthly routines that keep him consistent—and how advisors can use technical tools to build trust and communicate more clearly with clients.  Recorded 2/25/26.You can learn more about Clint's work at https://www.linkedin.com/in/csorensoncfacmt/ and https://ascentisasset.com.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Tom Martin, Senior Portfolio Manager at Globalt Investments. Recorded 2/18/26.We dig into what’s driving markets in early 2026—why the S&P has gone “flat at the highs,” what elevated valuations mean in a screen-based, highly connected economy, and how AI CapEx is shifting the conversation from hype to ROI. Tom also shares how an active manager navigates a highly concentrated benchmark, what he looks for in earnings to validate secular themes, and why real assets (including gold) and supply-chain security are back in focus. We close with Tom’s perspective on international equities after a long base-building phase—and why the U.S. dollar may be the swing factor.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Gina Martin Adams, Chief Market Strategist at HB Wealth. Recorded 2/17/26.We dig into what’s driving markets in early 2026—why leadership has shifted away from large-cap growth, how earnings season changed the outlook (even as Q4 results beat expectations), and why price-to-sales ratios may be the most “bubble-like” signal in the market today. Gina also explains why consumer staples strength can be a warning sign, what small caps need to finally lead, why financials matter so much right now, and why 2026 may look calm on the surface while churning underneath—like a duck gliding across a pond.🎓 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. 

In this episode of the Market Misbehavior podcast, Dave is joined by Rob Haworth of U.S. Bank Asset Management.We dig into what’s driving markets in early 2026—economic momentum vs headline risk, the real story behind consumer strength, how tariffs have filtered through inflation and earnings, the role of the Fed amid data uncertainty, and why elevated valuations make the 10-year Treasury yield the most important risk signal to watch. Rob also shares why midterm election years are often misunderstood—and why the economy, not politics, tends to matter most.🎓 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. 

In this episode of the Market Misbehavior podcast, I’m joined by John Kolovos, CFA CMT, Chief Technical Strategist at Macro Risk Advisors and current President of the CMT Association.  Recorded 1/29/26.We dig into what’s driving markets in early 2026—earnings season “gap lessons,” breadth and rotation, small caps vs large caps, precious metals, international equities, and why the U.S. dollar may be the most important “non-equity” chart to watch right now. John also shares a key teaching insight from his work at Brandeis University: don’t force your opinion onto the chart—let the market guide you.🎓 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. 

A wide-ranging macro conversation with Simeon Hyman, Global Investment Strategist at ProShares. We explore what the first Fed meeting of 2026 may (and may not) change, why the “easy” rate cuts could be behind us, how to think about the dollar’s pullback, and what the strength in gold, commodities, and international equities may be signaling. Recorded 1/27/26.Simeon introduces a simple but powerful “2-3-4” framework connecting inflation, Fed funds, and the 10-year yield, then explains why today’s environment looks very different from the late-1990s. We also discuss volatility, diversification beyond U.S. equities, the role of crypto in asset allocation, and why broader market participation is a constructive sign for 2026.Key takeaway: This isn’t a market driven by one trade or one narrative. Investors who stay diversified across assets, align decisions with a clear mandate, and avoid overreacting to headlines are better positioned to navigate a slower, more balanced phase of the cycle.You can learn more about Simeon's work at https://www.proshares.com/.🎓 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. 

Surviving the short term is often the price of admission for long-term success. In this episode of the Market Misbehavior podcast, Dave is joined by Ted Hicks—portfolio manager, wealth manager, founder of Hicks & Associates Wealth Management, and author of Evidence-Based Investing—to unpack what “evidence-based” decision-making looks like in practice, especially in a choppy market environment.We discuss why many popular investing myths persist, how historical context can improve your market awareness, and why diversification can fail right when investors need it most. Ted also shares how he uses a simple, “stoplight”-style composite indicator to communicate risk and opportunity with clients—and why process matters more than predictions.You can check out Ted's book at https://theodorehicks.com/.🎓 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. 

In this episode, Dave is joined by Joe Rabil of Rabil Stock Research—one of my favorite chart-focused voices and a fellow StockCharts contributor. Joe describes his process as “trend following on steroids,” and he explains why this environment demands discipline: the major indexes can look fine on the surface, but momentum has been fading and leadership has been shifting beneath the hood.We dig into Joe’s use of ADX to judge trend strength, why a market can drift higher without real momentum confirmation, and how a consistent bottom-up routine (reviewing hundreds of charts) can give you an edge versus only watching indexes and sectors. Joe also highlights where he’s seeing emerging relative strength in early 2026—especially in materials, energy, healthcare, and select industrials—and how to think about risk, stops, and timeframes when conditions get choppy.  Recorded 1/20/26.You can check out Joe's book at https://amzn.to/4bNkFmp and learn more about his work at https://rabilstockresearch.com/.🎓 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. 

Markets don’t just move on fundamentals—they move on themes, positioning, and policy. In this episode, I’m joined by Matt Tuttle, founder of Tuttle Capital Management, to break down his “HEAT” framework: Hedge, Edge, Asymmetry, and Themes—and how those four ideas shape his daily approach to risk and opportunity.We discuss why Matt believes you should always be hedged, what real “edges” look like (and why many disappear once Wall Street markets them), how to structure trades for asymmetric payoffs, and how he’s thinking about 2026. Topics include the shift from AI creators to AI adopters, the importance of AI capex and the Fed as key pillars supporting the market, and how policy shocks can create both landmines and upside.You can learn more about Matt's work at https://www.tuttlecap.com/ and check out his podcast here https://www.youtube.com/@TuttleCap.🎓 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. 

Jason Shapiro—featured in Unknown Market Wizards as “the contrarian”—joins me to unpack what actually creates longevity in trading: surviving drawdowns, learning from mistakes, and building a repeatable process built on risk-reward rather than prediction. We talk about how early wipeouts shaped his discipline, why “being right” is a trap, and why the best traders can lose more often than they win and still come out ahead.Topics covered include: Jason’s three “blow-up” lessons and how they forged his process, why predicting markets is “worth zero” compared to managing risk, the casino/card-counting analogy for trading edges, how to define exits based on your entry thesis, the value of a trading journal for finding what works over time, and how positioning/participation—not price—can signal when a trade is truly crowded (including how he uses Commitment of Traders data).Key takeaway: Sustainable trading isn’t about calling tops and bottoms—it’s about staying in the game. Define risk before you enter, only take trades where reward meaningfully outweighs risk, and let the market validate (or invalidate) your thesis quickly. Discipline plus a repeatable edge beats conviction every time.You can learn more about Jason's work at https://www.crowdedmarketreport.com/.🎓 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. 

Sector rotation doesn’t always show up clearly on the index chart—it often reveals itself underneath the surface. In the 83rd episode of the Market Misbehavior podcast, I’m joined by Julius de Kempenaer, founder of RRG Research and creator of the Relative Rotation Graph, to discuss the late-2025 change in market character and what relative strength analysis is signaling as markets hover near all-time highs.  Recorded 12/15/25.Topics covered include: 📈 how Julius uses Relative Rotation Graphs to identify sector rotation in real time📈 why fading tech momentum alongside improving defensive sectors can be a cautionary signal📈 how to read RRG “heading” and momentum shifts📈 how to combine RRGs with traditional price charts to build a disciplined, top-down workflow from asset allocation to sector selection.Key takeaway: Relative strength is most powerful when used as context, not in isolation. RRGs can highlight where leadership is improving or deteriorating, but confirmation from price and trend remains essential. When market leadership narrows or rotates toward defense, patience and discipline matter more than prediction.Julius' blog on StockCharts: https://articles.stockcharts.com/author/julius-de-kempenaer/Julius' videos on StockChartsTV: https://youtube.com/playlist?list=PLyNJu-3PikrQwgy7LU70BXWzU2hKOYUtMLearn more about Julius and his work: http://www.relativerotationgraphs.com/🎓 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. 

Seasonality isn’t a crystal ball—it’s a framework. In the 82nd episode of the Market Misbehavior podcast , Dave chats with Jeff Hirsch, editor of the Stock Trader’s Almanac, to review what surprised us in 2025 and how seasonal tendencies, election-cycle history, and market signals can help investors set expectations for 2026.Topics covered include: what the Almanac says about midterm election years, why 2025 didn’t follow the classic seasonal script, what the Santa Claus Rally actually measures, how the “January indicator trifecta” is used as an early-year gauge, and how macro shocks can overwhelm (or reinforce) seasonal tailwinds and headwinds.Key takeaway: Use seasonality as context—not certainty. When markets don’t behave as expected during traditionally bullish or bearish windows, it can be a clue that other forces are in control. The goal is a disciplined process: understand the playbook, watch the confirmations, and stay flexible when conditions change.You can learn more about Jeff's work at https://www.stocktradersalmanac.com/ and grab your copy of the 2026 Stock Trader's Almanac at https://amzn.to/4oYiQGm.🎓 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. 

In the 81st episode of The Market Misbehavior Podcast, Dave Keller sits down with Steve Sosnick, Chief Strategist at Interactive Brokers. With a career that spans from the 1982 market low through the crash of ’87, the dot-com boom, and today’s AI-driven markets, Steve brings a rare combination of historical perspective and real-world trading wisdom. They dig into the AI trade, bubble analogies, trend following vs. valuations, dip-buying psychology, and practical ways investors can hedge in an increasingly concentrated market.  Recorded 12/4/25.🎓 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. 

In the 80th episode of the Market Misbehavior Podcast, Dave speaks with Joanne Bianco, Senior Investment Strategist at BondBloxx and longtime fixed income portfolio manager. Joanne shares how she thinks about the macro backdrop, why corporate credit fundamentals remain strong, and how investors can use bond ETFs—across Treasuries, investment grade, high yield, and private credit—to build smarter fixed income allocations. Recorded 12/2/25.🎓 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. 

In the 79th episode of The Market Misbehavior Podcast, host Dave Keller sits down with Alan Ellman, founder of The Blue Collar Investor and a longtime educator on options strategies. Alan walks through a live example of a cash-secured put, explaining how he screens for elite stocks, sets strikes for downside protection, and manages risk through disciplined trade management. He also contrasts covered calls vs. cash-secured puts—and why macro conditions guide how he structures every trade.  Recorded 11/18/25.Find out more about Alan's work at https://www.thebluecollarinvestor.com/.🎓 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. 

For the 78th episode of the Market Misbehavior podcast, Dave Keller sits down with technical analyst Andrew Thrasher, a two-time Charles H. Dow Award winner and portfolio manager at Financial Enhancement Group. Andrew shares how he built a routine-driven process, why market breadth is his primary tell in a concentrated market, and what his research reveals about volatility compression and the “5% canary” that can precede major drawdowns. They also dig into commodities, crypto, and how to communicate risk to real-world clients.  Recorded 11/11/25.🎓 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. 

In the 77th episode of the Market Misbehavior podcast, Dave Keller sits down with Jerry Robinson (FollowTheMoney.com) to explore his journey from day trading to swing trading to position trading—and the mindset shifts required along the way. Jerry shares how he “follows the money” with weekly trend models, the 40-week/200-day moving average, RSI, stochastics, and candlesticks, plus why he trades around long-term core positions he knows well. The conversation dives into diversification (stocks, gold, Bitcoin, real estate, businesses), his PACE framework (Precious metals, Agriculture, Commodities, Energy), and how mindfulness and turning down the media noise can improve decisions. They also touch on valuations, the AI narrative, liquidity, and staying disciplined through pullbacks. Recorded 11/5/25.You can learn more about Jerry's work at https://followthemoney.com/.🎓 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.