S&P 500 Daily Perspective for Tue 12 Nov 2024

GDR Model Performance

Please see the Performance page for more detailed performance numbers, how they’re calculated and a chart.

GDR Model Outlook

The market is back to strength and the GDR Model is bullish. The odds of another sustained leg higher have increased materially.

Note on the Fundamentals Outlook (as of 17 June 2024):

for the first time in a while the model showed stocks as being richly valued (i.e. overpriced). Note that this is just a barometer to help guide longer-term decision-making.

GDR Model Position

On the back of significant market strength, the GDR Model is carrying a meaningful long position. This is potentially not the best timing given how extended the market looks, but this is a statistical strategy, and for those to succeed over the long run process must be followed in a disciplined manner.