Today: Neutral daily and weekly forecasts, negative monthly and annual forecasts.
Tomorrow: Negative forecasts across the board.
Positioning: In cash. If tomorrow’s forecast holds, I’ll short, but not with leverage. I trust the model less with the days around Thanksgiving. I don’t have variables regarding Thanksgiving, and the raw data suggests a strongly positive seasonal effect surrounding the holiday weekend.
Disclaimer: I make no guarantees, invest at your own risk.