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Paid Subscriber – Despite a Risk off market, Quant model portfolios hold their own – 11/2/26

What are ten baggers and how to spot them

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Position Trader
Nov 02, 2026
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  • Quant Alpha’s II – Up over 45% since June 2025

  • Quant 30 – Up over 55% since June 2025

  • Legacy – Up over 270% since April 2023

  • Changes to the Quant Portfolios

  • Education – What are ten baggers and how to spot them

  • Quick Links


Bar graph comparing performance percentages for Quant Alpha's II and EQAL for 2025-2026, showing 45.84% for Quant Alpha's II and 21.60% for EQAL.

USA Stock market week ending 10/30/26

  • SPY (S&P 500): -0.6% — The S&P 500 declined modestly, extending pressure on large-cap stocks.

  • DIA (Dow Jones Industrial Average): -0.8% — The Dow finished lower, slightly underperforming the S&P 500.

  • ^IXIC (Nasdaq Composite): -2.0% — The Nasdaq posted the largest decline among the major indexes, reflecting weakness in technology and growth stocks.

  • IWM (Russell 2000): +1.3% — Small-cap stocks bucked the broader market trend, posting the strongest weekly gain.

  • SPMO (Invesco S&P 500 Momentum ETF): -1.7% — Momentum stocks struggled, underperforming the broader S&P 500.


Market Drivers this Week (11/2/26 –11/6/26)

MONDAY, NOVEMBER 2

  • 10:00 a.m. ET: ISM Manufacturing PMI (October), providing an update on factory activity.

  • After the close: Apple (AAPL) and Palantir (PLTR) report earnings. Both companies are important indicators of technology spending and AI demand. Conference calls are scheduled for 5:00 p.m. ET.

TUESDAY, NOVEMBER 3

  • Midterm Election Day: All 435 House seats, 35 Senate seats and 36 governorships are up for election. The results could influence expectations for future tax, spending and regulatory policies.

  • 10:00 a.m. ET: JOLTS Job Openings (September).

  • Before the open: Pfizer (PFE) and Shopify (SHOP).

  • After the close: AMD (AMD), Super Micro Computer (SMCI), Arista Networks (ANET) and Booking Holdings (BKNG).

WEDNESDAY, NOVEMBER 4

  • 8:15 a.m. ET: ADP Private Employment Report.

  • 10:00 a.m. ET: ISM Services PMI (October), an important measure of activity across the services sector.

  • Before the open: Uber (UBER), Novo Nordisk (NVO) and Datadog (DDOG).

  • After the close: Qualcomm (QCOM), Arm Holdings (ARM), AppLovin (APP) and CAVA (CAVA).

THURSDAY, NOVEMBER 5

  • 7:00 a.m. ET: Bank of England interest-rate decision.

  • 8:30 a.m. ET: Weekly Jobless Claims and third-quarter productivity data.

  • Before the open: ConocoPhillips (COP).

  • After the close: Airbnb (ABNB), Cloudflare (NET), Atlassian (TEAM), Affirm (AFRM) and IonQ (IONQ).

Friday, November 6

  • 8:30 a.m. ET: October Employment Report. September payroll growth was just 29,000, with unemployment at 4.2%.

  • 10:00 a.m. ET: Preliminary November University of Michigan Consumer Sentiment.

  • Before the open: Moderna (MRNA), Oklo (OKLO) and Humana (HUM).


The CNN Fear & Greed Index

The CNN Fear & Greed Index continues to reflect a deeply cautious investment environment, ending October 30 at 26 (Fear). Investor sentiment deteriorated significantly during October, with the index falling into Extreme Fear territory at 18 on October 16 and 21 on October 23, before recovering modestly. The index briefly reached Neutral territory at 45 on October 9 but has otherwise remained in Fear territory since early September. Compared with the Neutral reading of 54 on August 28, the latest reading represents a substantial decline in investor confidence.

  • 10/30/26 – 26 Fear

  • 10/23/26 – 21 Extreme Fear

  • 10/16/26 – 18 Extreme Fear

  • 10/9/26 – 45 Neutral

  • 10/2/26 – 31 Fear

  • 9/25/26 – 37 Fear

  • 9/18/26 – 29 Fear

  • 9/11/26 – 33 Fear

  • 9/4/26 – 42 Fear

  • 8/28/26 – 54 Neutral


The Quant Model Portfolios had a mostly flat week despite Risk Off firmly remaining in control in the stock market. With the USA mid-term elections fast approaching and the possibility of a renewed conflict in the middle east very real, it is wise to be cautious in the market. Look for attractive lower prices for your favorite stocks over the next few weeks.

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