S&P 500 Daily Perspective for Mon 7 Oct 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 mostly bullish as the market has regained most of its strength since the sell-offs from a few weeks ago.

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

Following the strong response to employment data last Friday, the GDR Model has found higher chances of upside continuation to start next week. As such, it has boosted its long position.