S&P 500 Daily Perspective for Tue 2 Jul 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, but the market has been showing sustained weakness of late. Either some strength returns to the market, or there may be a chance for some material downside ahead…

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 GDR Model currently has a modest short position due to the market’s weakness being counterbalanced by a lack of volatility. The model is likely to remain nimbler than usual for the foreseeable future.

S&P 500 Futures Market Profile Chart