S&P 500 Daily Perspective for Fri 6 Feb 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 5 Feb 2026): BULLISH TO NEUTRAL. The model has detected some improvement in the market over at the start of the week, but today showed some real deterioration. There may be an imminent change in outlook…
Fundamentals Outlook (as of 24 Dec 2025): Fair Value/Rich. The model has adjusted valuations slightly upward following the release of new data. Going forward GDR Model positioning should tactically tilt a little more towards the long side, all else equal. Note that this is just a barometer to help guide longer-term decision-making rather than short-term market timing.
Long-Term Outlook (as of 30 Jan 2026): Bullish. The market closed the week strong, but it was right on the fence between strength and weakness. For now the long-term outlook remains bullish, but it’s certainly something to watch…
Short-Term Outlook (as of 5 Feb 2026): Bullish. For the first time the current sell-off started, the market is showing weakness. Tomorrow will likely be key in whether the current weakness will result in a downgrade.
Breadth Outlook (as of 5 Feb 2026): Bearish. Breadth has dropped from bullish at the start of last week all the way to bearish, and remains so through today. This is something to keep an eye on as it is starting to produce the kind of readings that tend to happen before a meaningful sell-off…
Volatility Outlook (as of 5 Feb 2026): Shaky. Volatility has deteriorated to shaky. At this point, along with the bearish breadth, this is definitely something to pay attention to.
GDR Model Position
The market showed enough strength for the GDR Model to re-open a meaningful long position, however if the more recent weakness persists the model will likely close it soon.
