S&P 500 Daily Perspective for Thu 7 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

Monday and Tuesday’s rally have showed more than enough underlying strength for the GDR Model to upgrade the short-term outlook back to 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

The GDR Model remains effectively flat, however if the market’s current strength and lower volatility is sustained, the model is very likely to open a meaningful long position.