S&P 500 Daily Perspective for Mon 23 Mar 2026

GDR Model Performance

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

For the fine print (a.k.a. the lawyer-approved stuff), don’t miss the Disclaimers section—it’s where all the “officially important” bits live!

GDR Model Outlook

Overall Outlook (as of 20 Mar 2026): BEARISH. Market conditions have continued to worsen and the market is well on its way to a significant sell-off.

Fundamentals Outlook (as of 20 Mar 2026): Fair Value. The market has dropped far enough that fundamentals have improved slightly giving the model a slightly more bullish tilt.

Long-Term Outlook (as of 20 Mar 2026): Bearish. The market showed weakness at the end of the week again. The long-term outlook is downgraded to bearish.

Short-Term Outlook (as of 20 Mar 2026): Bearish. The short-term outlook showed weakness throughout the day yet again. Weakness on the short-term outlook has persisted for over two weeks now.

Breadth Outlook (as of 20 Mar 2026): Bearish. Breadth is bearish again and is confirming the model’s overall bearish stance.

Volatility Outlook (as of 20 Mar 2026): Volatile. Volatility is at volatile, which is the worst reading. Continue expecting wide ranges whether that comes in the form of bigger sell-offs or nasty short-covering rallies.

GDR Model Position

The GDR model’s read of the current market has continued to deteriorate. As such, the model is carrying a short position. Let’s see if we finally get followthrough for once…