S&P 500 Daily Perspective for Fri 4 Aug 2023
The market has continued to look weaker today...
***ANNOUNCEMENT***
As per the August 2023 announcements, starting with the S&P 500 Daily Perspective for 1 August 2023 the GDR Model has been upgraded. Today’s position follows the upgraded version of the GDR Model.
GDR Model Performance
The GDR Model returned 3.11% in July, falling just short of the S&P 500 Total Return’s 3.21%. This year has been 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 picked up on considerable weakness this week. It remains to be seen whether it will be sustained.
GDR Model Position
The GDR Model is long, but has once again cut down on its position as the market has continued to weaken. Should the market regain its strength the model will likely add back risk.
S&P 500 Futures Market Profile Chart
