S&P 500 Daily Perspective for Mon 14 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, Friday’s rally was strong. 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 has added a long position, but it is effectively still flat. While Friday’s rally was strong, the model often looks for confirmation that that strength is not fleeting, especially following as much weakness as we saw to start last week.