S&P 500 Daily Perspective for Wed 11 Dec 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 is weak on the short-term timeframe and the GDR Model overall is back to neutral. There is key data coming out tomorrow morning (CPI) so the recent weakness can turn into strength in a flash. On a separate note, a deterioration in the Volatility Outlook would likely be needed for this to turn into a meaningful sell-off.

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 rather than short-term market timing.

GDR Model Position

After a third consecutive day of short-term weakness, the GDR Model is opting to open a modest short position. It will probably not add to the short unless the market weakens on the long-term timeframe.

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