S&P 500 Daily Perspective for Wed 16 Oct 2024

GDR Model Performance

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

GDR Model Outlook

The GDR Model is back to mostly bullish. Unlike the first four days of last week, the market is now showing significant strength even taking into account today’s sell-off. Moreover, volatility has been largely stifled, which helps even weak rallies survive for longer.

Note on the Fundamentals Outlook (as of 17 June 2024):

for the first time in a while the model is showing stocks as being richly valued (i.e. overpriced). Note that this is just a barometer to help guide longer-term decision-making.

GDR Model Position

The GDR Model is opening a meaningful long position. Despite today’s sell-off, the market remained relatively strong beneath the hood. Nevertheless, this is a bold move by the model to try and take advantage of this pullback.