S&P 500 Daily Perspective for Wed 23 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 mostly bullish. The market is showing significant strength and volatility has been largely stifled, which helps even weak rallies survive for longer. However, it’s notable that the first two days of this week have shown short-term weakness.

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 all but closed its long position after the market has shown weakness over the last couple of days. Time will tell if this is the start of a liquidation or if the market will resume its uptrend shortly.