S&P 500 Daily Perspective for Wed 6 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

On a short-term basis, the GDR Model still reads the market as weak and volatility is elevated, however the model remains bullish over the long-term and Monday was one of the first days in a while that showed some true strength…

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 picked up on the market’s weakness as well as the increase in volatility well in advance. However, the market may be starting to how some strength again, which increases the odds the model will reopen a long position.