S&P 500 Daily Perspective for Mon 24 Jun 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 GDR Model is neutral. The recent CPI data release brought meaningful strength back, but the market has been showing weakness ever since.

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

for the first time in a while the model is showing 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 trend up is undeniable, but after sustained weakness for the whole of last week the GDR Model has increased its short position. The model is likely to remain nimbler than usual for the foreseeable future.

S&P 500 Futures Market Profile Chart