S&P 500 Daily Perspective for Tue 2 Jan 2024

GDR Model Performance

The GDR Model returned 19.37% in Q4 vs the S&P 500’s Total Return of 11.69%. For calendar year 2023, the GDR Model returned 6.22% vs the S&P 500’s Total Return of 26.29%. 2023 was challenging for the GDR Model’s style due to low confidence in the market at the start of the year.

GDR Model Outlook

The GDR Model is bullish, but the Volatility Outlook has deteriorated slightly. This warrants caution in the near-term.

GDR Model Position

In light of underlying market strength, the GDR Model has a meaningful long position. The model is programmed not to overreact to any single adverse day in the market, but should the market start to deteriorate then the long position would likely be trimmed, if not closed entirely.

S&P 500 Futures Market Profile Chart