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The S&P 500 went NOWHERE in October artwork

The S&P 500 went NOWHERE in October

The Noble Update Podcast

October 30, 2026

Energy was up 11.8% and tech was down 2.7% through Thursday, and we were long energy and short tech the whole time. Our long/short spread is now 70.1% (119% annualized), and all 12 of our scored shorts are winners. If all you owned was the index, you got a flat month and MISSED every bit of it.

Speakers George Noble

TopicsInvestingBusiness

George Noble (0:01)

What an amazing week it's been. And I'm not just talking about the action in the markets. We hosted the Best Stock Ideas Technical Conference earlier this week on Tuesday and Wednesday. 20 of the leading charters with 60 ideas. And my head's still spinning, I can't believe. I don't think there's ever been a collection, a gathering of so many brilliant technicians in one place at one time. 60 ideas over two days. You can go on our website and buy the replay. You want Alpha? This is Alpha. Pay no attention to the fruit of the woods on X, who are pushing Lululemon and AI stocks and Sprouts markets. It's not allowed around here. So anyway, the conference is phenomenal. I urge you to run, not walk, to go have a look.

Secondly, just the Noble Update. Going from strength to strength, we've emerged rather unscathed this week. We've done okay. Gold stocks didn't do much for us, but actually they hurt us. But our energy names and our shorts and tech are just absolutely killing it.

Our portfolio is up about 70% on a long-short basis year-to-date.

Just trying to help folks make money.

You know, we increased our shorts and tech in a very timely fashion a few weeks ago. But I think there's a lot more. I think the party is just getting started with the tech route. If you want to find out why I believe that, come to The Noble Update subscriber call on Sunday. Just a freebie.

I think SpaceX is about to crash.

Come find out why. The call on Sunday, we'll talk about the conference. We'll go over the portfolio. But I also want to talk about process. We're in a world now where fundamentals and valuation matter, and chasing narratives and momentum will not work anymore. That's how it's going out. We're going to separate the men from the boys, or the posers and the fakeers from the real money managers. Let's see how that works. Anyway, I hope to see you on Sunday. Have a great weekend. The markets, you know, the markets always be there, so whatever you do, don't get too freaked out by whatever is happening. If you're out of gear, as we always happen to all of us, clear the necks, clear out your head, can always start over. All right. See you guys on Sunday. Take care. Bye.

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