S&P 500 Daily Perspective for Thu 2 Apr 2026

GDR Model Performance

Please see the Performance page for more detailed performance numbers, how they’re calculated, and a chart.

For the fine print (a.k.a. the lawyer-approved stuff), don’t miss the Disclaimers section—it’s where all the “officially important” bits live!

GDR Model Outlook

Overall Outlook (as of 1 Apr 2026): BEARISH TO NEUTRAL. Market conditions are showing some signs of improvement. Let’s see if there is followthrough…

Fundamentals Outlook (as of 1 Apr 2026): Fair Value/Rich. The market has rallied enough to make fundamentals slightly less favorable so the model will tilt slightly less long at certain points.

Long-Term Outlook (as of 27 Mar 2026): Bearish. The market showed weakness at the end of the week again. The long-term outlook remains bearish.

Short-Term Outlook (as of 1 Apr 2026): Neutral. The short-term outlook has improved to neutral as the market saw a full day of strength again.

Breadth Outlook (as of 1 Apr 2026): Neutral. Breadth improved to neutral. This could be temporary, though it could also be coming in lockstep with the short-term strength observed today and yesterday.

Volatility Outlook (as of 1 Apr 2026): Shaky. Volatility improved to shaky, however since this is still a negative reading continue expecting wide ranges. This could come in the form of bigger sell-offs or nasty short-covering rallies (like today’s).

GDR Model Position

The GDR model’s read of the current market remains bearish, but has improved. The model is now slightly long.