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/marketmisbehavior

The 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/marketmisbehavior

The 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 structure

If 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/marketmisbehavior

The 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/marketmisbehavior

The 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/marketmisbehavior

The 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 crash

If 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/marketmisbehavior

The 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/marketmisbehavior

The 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, 2026

Paisley 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/marketmisbehavior

The 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, 2026

Dean 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/marketmisbehavior

The 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/marketmisbehavior

The 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.