The Noble Update Podcast

The Final Cash Out

Wall Street tried to sell WeWork to the public at $45 billion, and weeks after the IPO fell apart, SoftBank put it on its own books at $4 billion. My friend David Traine

Replay for the Noble Update Zoom Call (with Peter Boockvar)

This is a free preview of a paid episode. To hear more, visit georgenoble.substack.com Our subscriber call last night was TERRIFIC. The election is today, and I told su

Don’t be their exit liquidity

The tech bros are lining YOU up to be their exit liquidity, and the Anthropic IPO is how they plan to do it. Anthropic just disclosed $895B in spending commitments ahead

The S&P 500 went NOWHERE in October

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),

The Most Hated Sector Is Where the Value Is

All it takes to break the AI picks and shovels trade is order growth slowing from 30% to 15%. That's STILL double-digit growth, but the stocks can get crushed anyway. My

The bond market just started calling the AI trade's bluff

Last week CoreWeave's bonds traded at yields around 15%, and the cost of insuring its debt implied roughly a 60% chance of default within 5 years. Oracle's default insura

The Insurance Reckoning with Tom Gober

This is the final episode of our series with Tom Gober. Last episode ended with Tom challenging the offshore reinsurers to show us the $1.5 trillion, and in Episode 4,

The Insurance Reckoning with Tom Gober

Last episode, we left off with Tom Gober about to reveal a secret document he found in a company president’s personal files, and Episode 3 opens with what it said. A CFO

The era of easy money is over, and the market made that very clear today.

Our long/short spread widened to 67.4% today, with our longs up 25.9% on average and our shorts down 41.6%. This post has bonus content for paid subscribers. Upgrade to

LAST CHANCE: The investment event of the year doubles in price tomorrow

Today is the last day you can get into the Best Technical Ideas Online Summit for $99, and I couldn’t be MORE EXCITED about this one. I like to say that putting on these

The Emperor Has No Clothes: Oil, AI & What Breaks Next

1. Strategic Actions and Decisions * Maintain a heavy 50% allocation to energy trades: The risk of escalation remains elevated, physical inventories are depleted, and su

Stocks Could Go Nowhere While Inflation Eats Your Money

Grab your seat for The Best Technical Ideas Online Summit at $99 before the early bird doubles to $199 on Friday: noble-capevents.com 1. Strategic Actions and Decisions

2 DAYS LEFT: Wall Street's best technicians present their 60 best ideas for $99

20 of the best technicians on Wall Street are bringing you 60 ideas, and the $99 price ends Friday. On October 27 and 28, John Roque, Rich Ross, David Keller, Brian Shan

The Insurance Reckoning with Tom Gober

Last week we showed you the $2 trillion time bomb sitting inside America's life insurance companies, and in Episode 2 of our series with Tom Gober, we start naming names.

Oil, AI & Debt: Who Blinks First?

1. Strategic Actions and Decisions * Adopt a defensive investment posture and hold cash: Leaders should consider defensive positioning and holding cash because high infl

The Insurance Reckoning with Tom Gober

I believe the scandal building inside America's life insurance industry is bigger than Madoff and bigger than Enron, and it might approach the size of the 2008 financial

ANNOUNCEMENT: Wall Street's best technicians present their 60 best ideas

20 of the BEST market technicians on Wall Street are bringing 60 ideas to the summit I’m hosting together with Bill Kelleher on October 27 and 28, and the timing couldn’t

Noble Update Subscriber Call - Oct. 5 Replay

This is a free preview of a paid episode. To hear more, visit georgenoble.substack.com Our subscriber call today was TERRIFIC. We talked about: * Why rates still have

REMINDER: Noble Update Call today at 12 PM EST

The Noble Update has doubled in the last 60 days, and that's because of YOU. Thank you for the extraordinary support. Our longs are up 24.4% on average and our shorts ar

The Ultimate AI Demolition With Ed Zitron, Gary Marcus, Julien Garran, and Nobody Special

This panel is the AI skeptics' version of the '92 Dream Team: Ed Zitron, Gary Marcus, Julien Garran and Nobody Special, all on one stage. This is what you'll hear: * We