S&P 500 Daily Perspective for Fri 22 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

Today was the first day in several that the GDR Model found strength in the market. The model is programmed to not overreact to a single day of change, but if strength persists then this sell-off is likely over. The fact that the volatility outlook has been improving is certainly encouraging.

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 flat due to the recent near-term weakness in the market. However, if today’s strength is sustained, the model is likely to open a new long position.