S&P 500 Daily Perspective for Thu 12 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

Today was certainly a tough day for the model, but the market remained weak on the short-term timeframe today. The GDR Model overall still neutral. There is another key release coming out tomorrow morning (PPI) 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 a sustained 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

The GDR Model is keeping its modest short position. Moreover, it will probably not add to the short unless the market weakens on the long-term timeframe.