S&P 500 Daily Perspective for Wed 20 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

The market has rallied for the second day in a row, but the GDR Model still sees it as weak. Indeed, short-term weakness has persisted for several days and is keeping the model neutral to bearish. The volatility outlook will likely be the deciding factor in whether the market liquidates further or rallies back up to all-time highs.

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 is flat as it has continued to pick up on near-term weakness in the market.