S&P 500 Daily Perspective for Mon 22 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 mostly bullish as strength has returned to the market. Despite the sell-off and some weakness, the market continues to be strong overall, so for now odds are the trend will resume…
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 has meaningfully increased its long position as it’s picking up on an opportunity to buy the dip.