S&P 500 Daily Perspective for Thu 19 Oct 2023

GDR Model Performance

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

After reflecting some improvement in the market, the GDR Model picked up on some notable weakness at the close of last week. This coming week will likely be pivotal.

GDR Model Position

The GDR Model is cautiously long after underlying market conditions have improved. Whether this position is increased or closed out will likely depend on how the market develops this week.

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