S&P 500 Daily Perspective for Thu 14 Nov 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 market has shown weakness on the daily timeframe for two days in a row, which has brought the GDR Model back to neutral. Time will tell if this is the start of a pullback or if it’s just consolidation before the next leg higher.

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

for the first time in a while the model showed 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 has effectively closed its long position as it picked up on near-term weakness in the market. The small residual short position is solely based on fundamentals, which are slightly overvalued.