IVV over past 60 days: cumulative return +9.9%, annualized vol 11.4%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=456.71, end=502.08, cumulative_return=+9.9%, annualized_volatility=11.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.39, 't10y3m_spread': -1.14, 'breakeven_10y': 2.31, 'hy_oas': 3.13, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.74, 'vix': 14.329999923706056}
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Predict whether the return of IVV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for IVV starting 2024-03-19 was -3.15%, which classifies as 'negative'.


MATIC-USD over past 60 days: cumulative return -21.2%, annualized vol 54.8%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=1.49, end=1.17, cumulative_return=-21.2%, annualized_volatility=54.8%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.61, 't10y3m_spread': -1.62, 'breakeven_10y': 2.28, 'hy_oas': 4.37, 'ig_oas': 1.37, 'ted_spread': 0.09, 'mortgage_30y': 6.27, 'vix': 16.829999923706055}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-18]

Predict whether the return of MATIC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for MATIC-USD starting 2023-04-19 was -19.18%, which classifies as 'negative'.


CSHI over past 60 days: cumulative return +1.0%, annualized vol 1.9%. Market regime: sideways.

Question:
Asset: CSHI
Historical prices (past 60 trading days): start=45.46, end=45.92, cumulative_return=+1.0%, annualized_volatility=1.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.18, 't10y3m_spread': -0.97, 'breakeven_10y': 2.17, 'hy_oas': 3.15, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 15.890000343322754}
Market regime: sideways

Predict whether the return of CSHI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for CSHI starting 2024-09-24 was +0.40%, which classifies as 'flat'.


IVV over past 60 days: cumulative return +16.3%, annualized vol 11.3%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=405.89, end=471.85, cumulative_return=+16.3%, annualized_volatility=11.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.26, 't10y3m_spread': -1.35, 'breakeven_10y': 2.31, 'hy_oas': 3.49, 'ig_oas': 1.01, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 13.1899995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-09] ["Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now? The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailin

Predict whether the return of IVV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for IVV starting 2024-01-23 was +4.68%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +22.7%, annualized vol 49.9%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=22955.67, end=28177.98, cumulative_return=+22.7%, annualized_volatility=49.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.49, 't10y3m_spread': -1.56, 'breakeven_10y': 2.23, 'hy_oas': 4.84, 'ig_oas': 1.45, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 19.07999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-05]

Predict whether the return of BTC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2023-04-06 was +5.10%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return -3.0%, annualized vol 40.5%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=605.58, end=587.11, cumulative_return=-3.0%, annualized_volatility=40.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.45, 't10y3m_spread': -1.25, 'breakeven_10y': 2.25, 'hy_oas': 3.23, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 13.279999732971191}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for BNB-USD starting 2024-06-21 was -8.90%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +3.2%, annualized vol 58.2%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3647.86, end=3763.20, cumulative_return=+3.2%, annualized_volatility=58.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.35, 't10y3m_spread': -0.85, 'breakeven_10y': 2.36, 'hy_oas': 3.15, 'ig_oas': 0.88, 'ted_spread': 0.09, 'mortgage_30y': 6.94, 'vix': 14.279999732971191}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ETH-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for ETH-USD starting 2024-05-30 was -6.29%, which classifies as 'negative'.


VLUE over past 60 days: cumulative return +7.6%, annualized vol 12.3%. Market regime: sideways.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=82.60, end=88.85, cumulative_return=+7.6%, annualized_volatility=12.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.73, 't10y3m_spread': -1.38, 'breakeven_10y': 2.36, 'hy_oas': 3.83, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 14.84000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-11] ["US STOCKS-Wall St slides as growth stocks fall after producer prices data By Bansari Mayur Kamdar and Johann M Cherian Aug 11 (Reuters) - Wall Street fell on Friday as rate-sensitive technology and growth stocks dropped after hotter-than-expected producer prices data for July sent U.S. bond yields higher. U.S. producer price index (PPI) climbed 0.8% in the 12 months leading to July, up from a 0.2% rise in the previous month, as service costs increased. Economists polled by Refinitiv had expected a 0.7% gain. \"The PPI data shows that inflation is still a concern,\" said Adam Sarhan, chief executive of 50 Park Investments. Though traders broadly expect the Federal Reserve to not tighten credit conditions for the remainder of the year, bets for no rate hike in September slipped to 88.5% from 90% before the data landed.IRPR \"The market needs to pause and digest the inflation data which is coming in mixed, where it's not clear what the Fed's going do next. Even if the Fed pauses one time, the question becomes what will it be doing for the rest of the year,\" Sarhan added. Yield on the 2-year treasury note US2YT=RR, that moves in line with near-term interest rate expectations, climbed to 4.9% after the data, pressuring rate-sensitive megacap growth names. US/ Tesla TSLA.O, Nvidia NVDA.O and Apple AAPL.O lost between 0.4% and 1.8%. Benchmark U.S. indexes finished marginally higher in the previous session as worries about the U.S. economy's longer-term prospects and concerns over further growth in stocks eclipsed milder-than-feared consumer prices data that had initially sent shares soaring. At 09:48 a.m. ET, the Dow Jones Industrial Average .DJI was down 34.32 points, or 0.10%, at 35,141.83, the S&P 500 .SPX was down 19.21 points, or 0.43%, at 4,449.62, and the Nasdaq Composite .IXIC was down 101.36 points, or 0.74%, at 13,636.63. The tech-heavy Nasdaq .IXIC and the S&P 500 .SPX were on track to end their second week lower due to a drop in megacap growth and technology stocks that have led outsized gains this year. Ten of the 11 major S&P 500 sectors declined on Friday, with tech stocks .SPLRCT leading losses, down 0.8%. U.S.-listed shares of Chinese companies Alibaba BABA.N and JD.com JD.O fell 3.0% and 5.4%, respectively, as Beijing's latest stimulus measures disappointed investors, while fresh data showed that the country's post-pandemic recovery was losing steam. Declining issues outnumbered advancers by a 1.85-to-1 ratio on the NYSE and a 1.75-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and three new lows, while the Nasdaq recorded 18 new highs and 82 new lows. Growth stocks slide as bond yields weigh since late July https://tmsnrt.rs/3YC8Qag (Reporting by Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Additional reporting by Shashwat Chauhan; Editing by Vinay Dwivedi) ((BansariMayur.Kamdar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessar

Predict whether the return of VLUE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for VLUE starting 2023-08-14 was -1.61%, which classifies as 'negative'.


CSHI over past 60 days: cumulative return +0.9%, annualized vol 0.9%. Market regime: sideways.

Question:
Asset: CSHI
Historical prices (past 60 trading days): start=42.80, end=43.18, cumulative_return=+0.9%, annualized_volatility=0.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.76, 't10y3m_spread': -1.38, 'breakeven_10y': 2.35, 'hy_oas': 3.92, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 15.979999542236328}
Market regime: sideways

Predict whether the return of CSHI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for CSHI starting 2023-08-24 was +0.36%, which classifies as 'flat'.


XLK over past 60 days: cumulative return +18.2%, annualized vol 22.9%. Market regime: sideways.

Question:
Asset: XLK
Historical prices (past 60 trading days): start=60.31, end=71.30, cumulative_return=+18.2%, annualized_volatility=22.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.38, 't10y3m_spread': -1.35, 'breakeven_10y': 2.19, 'hy_oas': 5.1, 'ig_oas': 1.52, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 22.61000061035156}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-23] ["US STOCKS-Wall Street rallies on hopes of Fed policy pause For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Jobless claims remain low, new home sales rise Block Inc slides after Hindenburg discloses short position US SEC threatens to sue Coinbase, shares drop Regional banks head lower Indexes up: Dow 0.44%, S&P 0.66%, Nasdaq 1.30% New throughout, adds NEW YORK dateline, changes byline By Stephen Culp NEW YORK, March 23 (Reuters) - Wall Street advanced on Thursday as market participants looked past remarks by U.S. Federal Reserve Chairman Jerome Powell on Wednesday and weighed the possibility that the central bank will pause its restrictive interest rate hikes in the near future. All three indexes marked the three-year anniversary of the nadir of the COVID-19 crash by heading higher, with megacap growth stocks, led by Microsoft MSFT.O and Apple Inc AAPL.O, providing the most upside muscle and putting the tech-heavy Nasdaq out front. \"Today the market is bouncing back on what was a dovish Fed hike yesterday,\" said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. \"Powell did a good job sticking to the party line on inflation and continued to jawbone hawkish even though the hike leaned dovish.\" \"It\u2019s not too crazy for markets to see that pivot in the near future,\" Mayfield added. The risk-on session reversed Wednesday's late-session sell-off after the Fed's rate hike, Powell's subsequent Q&A session and Treasury Secretary Janet Yellen's testimony before congress in which she ruled out blanket protection for all deposits. In view of recent turmoil in the financial sector, which began with the failures of SVB Financial Group SIVB.O and Signature Bank SBNY.O, worries that the Fed was overtightening and pushing the economy perilously close to recession, Powell's reiterance of the Fed's determination to cool inflation sparked a late session flight to safety. Jitters among regional banks persist, with the KBW Regional Bank index .KRX sliding 2.3%. Comments from the Bank of England that inflation will probably quickly fade also helped fuel hopes of light at the end of the central bank tightening tunnel. The BoE's commentary \"paints a picture of a global central banking system that's ready to slow the pace of their hiking,\" Mayfield said. But economic data released on Thursday showed jobless claims inching lower and new home sales posting a surprise gain, providing fresh evidence that the economy is yet to show the kind of softening that would lend itself to cooling inflation. The Dow Jones Industrial Average .DJI rose 142.01 points, or 0.44%, to 32,172.12, the S&P 500 .SPX gained 26.11 points, or 0.66%, to 3,963.08 and the Nasdaq Composite .IXIC added 151.81 points, or 1.3%, to 11,821.77. Among the 11 sectors of the S&P 500, communication services .SPLRCL and tech .SPLRCT led the percentage gainers. First Republic Bank FRC.Ndropped 8.6% in volatile trading i

Predict whether the return of XLK over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for XLK starting 2023-03-24 was +0.79%, which classifies as 'flat'.


BNB-USD over past 60 days: cumulative return +82.3%, annualized vol 62.4%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=313.29, end=571.09, cumulative_return=+82.3%, annualized_volatility=62.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.41, 't10y3m_spread': -1.17, 'breakeven_10y': 2.32, 'hy_oas': 3.16, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.74, 'vix': 14.40999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BNB-USD starting 2024-03-18 was +5.83%, which classifies as 'positive'.


EWJ over past 60 days: cumulative return -0.4%, annualized vol 14.7%. Market regime: bull.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=64.50, end=64.23, cumulative_return=-0.4%, annualized_volatility=14.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.41, 't10y3m_spread': -1.04, 'breakeven_10y': 2.32, 'hy_oas': 3.09, 'ig_oas': 0.89, 'ted_spread': 0.09, 'mortgage_30y': 7.02, 'vix': 11.989999771118164}
Market regime: bull
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of EWJ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for EWJ starting 2024-05-20 was -3.25%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return -1.8%, annualized vol 48.7%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=282.34, end=277.29, cumulative_return=-1.8%, annualized_volatility=48.7%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.63, 't10y3m_spread': -1.12, 'breakeven_10y': 2.24, 'hy_oas': 4.33, 'ig_oas': 1.35, 'ted_spread': 0.09, 'mortgage_30y': 6.48, 'vix': 20.57999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-10]

Predict whether the return of BNB-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BNB-USD starting 2023-01-11 was +11.38%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +46.6%, annualized vol 40.5%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=60005.12, end=87955.81, cumulative_return=+46.6%, annualized_volatility=40.5%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.09, 't10y3m_spread': -0.2, 'breakeven_10y': 2.35, 'hy_oas': 2.66, 'ig_oas': 0.77, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.710000038146973}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of BTC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2024-11-13 was +9.04%, which classifies as 'positive'.


XLRE over past 60 days: cumulative return +13.5%, annualized vol 14.2%. Market regime: bull.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=33.38, end=37.89, cumulative_return=+13.5%, annualized_volatility=14.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.21, 't10y3m_spread': -1.2, 'breakeven_10y': 2.27, 'hy_oas': 3.13, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.89, 'vix': 13.119999885559082}
Market regime: bull
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of XLRE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for XLRE starting 2024-07-16 was +3.60%, which classifies as 'positive'.


SGOV over past 60 days: cumulative return +0.8%, annualized vol 0.3%. Market regime: sideways.

Question:
Asset: SGOV
Historical prices (past 60 trading days): start=94.01, end=94.77, cumulative_return=+0.8%, annualized_volatility=0.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.16, 't10y3m_spread': -0.24, 'breakeven_10y': 2.33, 'hy_oas': 2.83, 'ig_oas': 0.86, 'ted_spread': 0.09, 'mortgage_30y': 6.72, 'vix': 21.8799991607666}
Market regime: sideways

Predict whether the return of SGOV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for SGOV starting 2024-11-04 was +0.25%, which classifies as 'flat'.


BTC-USD over past 60 days: cumulative return -1.0%, annualized vol 30.2%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=27494.71, end=27225.73, cumulative_return=-1.0%, annualized_volatility=30.2%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.56, 't10y3m_spread': -1.64, 'breakeven_10y': 2.26, 'hy_oas': 4.6, 'ig_oas': 1.44, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 18.530000686645508}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-23]

Predict whether the return of BTC-USD over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for BTC-USD starting 2023-05-24 was -4.60%, which classifies as 'negative'.


ITB over past 60 days: cumulative return +4.0%, annualized vol 28.9%. Market regime: sideways.

Question:
Asset: ITB
Historical prices (past 60 trading days): start=106.23, end=110.53, cumulative_return=+4.0%, annualized_volatility=28.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.09, 't10y3m_spread': -1.44, 'breakeven_10y': 2.12, 'hy_oas': 3.67, 'ig_oas': 1.08, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 27.709999084472656}
Market regime: sideways

Predict whether the return of ITB over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ITB starting 2024-08-07 was +7.07%, which classifies as 'positive'.


VTI over past 60 days: cumulative return +8.3%, annualized vol 15.6%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=260.82, end=282.49, cumulative_return=+8.3%, annualized_volatility=15.6%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.13, 't10y3m_spread': -0.65, 'breakeven_10y': 2.3, 'hy_oas': 2.89, 'ig_oas': 0.83, 'ted_spread': 0.09, 'mortgage_30y': 6.44, 'vix': 19.11000061035156}
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2023-02-01 2023-04-30 0000104169 us [...TRUNCATED...] acts, assumptions not being realized or other factors, the actual results relating to the subject matter of any forward-looking statement in this Quarterly Report on Form 10-Q may differ materially from the anticipated results expressed or implied in that forward-looking statement. The forward-looking statements included in this Quarterly Report on Form 10-Q are made only as of the date of this report, and Walmart undertakes no obligation to update any such statements to reflect subsequent events or circumstances. 34 Table of Contents Item 6. Exhibits The following documents are filed as an exhibit to this Quarterly Report on Form 10-Q: Exhibit 3.1(a) Restated Certificate of Incorporation of the Company dated February 1, 2018 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 1, 2018 Exhibit 3.1(b) Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 is incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on February 23, 2024 Exhibit 3.2 Amended and Restated Bylaws of the Company dated November 10, 2022 are incorporated herein by reference to Exhibit 3.1 to the Report on Form 8-K filed by the Company on November 16, 2022 Exhibit 31.1* Chief Executive Officer Section 302 Certification Exhibit 31.2* Chief Financial Officer Section 302 Certification Exhibit 32.1** Chief Executive Officer Section 906 Certification Exhibit 32.2** Chief Financial Officer Section 906 Certification Exhibit 99.1* Opioids-Related Litigation Case Citations and Currently Scheduled Trial Dates Exhibit 101.INS* Inline XBRL Instance Document Exhibit 101.SCH* Inline XBRL Taxonomy Extension Schema Document Exhibit 101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document Exhibit 101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document Exhibit 101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document Exhibit 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document Exhibit 104 The cover page from the Company's Quarterly Report on Form 10-Q for the quarter ended July 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 35 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   WALMART INC. Date: August 30, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: August 30, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: August 30, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 36

Predict whether the return of VTI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for VTI starting 2024-10-18 was +0.90%, which classifies as 'flat'.


XLB over past 60 days: cumulative return +8.1%, annualized vol 14.4%. Market regime: sideways.

Question:
Asset: XLB
Historical prices (past 60 trading days): start=36.77, end=39.77, cumulative_return=+8.1%, annualized_volatility=14.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.31, 't10y3m_spread': -1.29, 'breakeven_10y': 2.24, 'hy_oas': 3.38, 'ig_oas': 0.99, 'ted_spread': 0.09, 'mortgage_30y': 6.64, 'vix': 12.789999961853027}
Market regime: sideways
Recent filing/news:
[SEC 10-K AMZN 2024-02-02] amzn-20231231 false 2023 FY 0001018724 http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent P3Y P1Y P1Y http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://www.amazon.com/20231231#LeaseLiabilityNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 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amzn:VendorAccountsReceivableMember 2023-12-31 0001018724 us-gaap:LoansReceivableMember 2022-12-31 0001018724 us-gaap:LoansReceivableMember 2023-12-31 00 [...TRUNCATED...] tents 32.2 Certification of Brian T. Olsavsky, Senior Vice President and Chief Financial Officer of Amazon.com, Inc., pursuant to 18 U.S.C. Section 1350. 97.1 Amazon.com, Inc. Clawback Policy. 101 The following financial statements from the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRL: (i) Consolidated Statements of Cash Flows, (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (Loss), (iv) Consolidated Balance Sheets, (v) Consolidated Statements of Stockholders’ Equity, and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags. As permitted by Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed with this Annual Report on Form 10-K certain instruments defining the rights of holders of long-term debt of the Company and its subsidiaries because the total amount of securities authorized thereunder does not exceed 10 percent of the total assets of the Company and its subsidiaries on a consolidated basis. The Company agrees to furnish a copy of such agreements to the Commission upon request. 104 The cover page from the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, formatted in Inline XBRL (included as Exhibit 101). __________________ †    Executive Compensation Plan or Agreement. Item 16. Form 10-K Summary None. 77 Table of Contents SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized, as of February 1, 2024.   AMAZON.COM, INC. By: /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the registrant and in the capacities indicated as of February 1, 2024.   Signature Title /s/ Andrew R. Jassy Andrew R. Jassy President and Chief Executive Officer (Principal Executive Officer) and Director /s/ Brian T. Olsavsky Brian T. Olsavsky Senior Vice President and Chief Financial Officer (Principal Financial Officer) /s/ Shelley L. Reynolds Shelley L. Reynolds Vice President, Worldwide Controller (Principal Accounting Officer) /s/ Jeffrey P. Bezos Jeffrey P. Bezos Executive Chair /s/ Keith B. Alexander Keith B. Alexander Director /s/ Edith W. Cooper Edith W. Cooper Director /s/ Jamie S. Gorelick Jamie S. Gorelick Director /s/ Daniel P. Huttenlocher Daniel P. Huttenlocher Director /s/ Judith A. McGrath Judith A. McGrath Director /s/ Indra K. Nooyi Indra K. Nooyi Director /s/ Jonathan J. Rubinstein Jonathan J. Rubinstein Director /s/ Brad D. Smith Brad D. Smith Director /s/ Patricia Q. Stonesifer Patricia Q. Stonesifer Director /s/ Wendell P. Weeks Wendell P. Weeks Director 78

Predict whether the return of XLB over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for XLB starting 2024-02-09 was +8.68%, which classifies as 'positive'.


XLV over past 60 days: cumulative return +0.4%, annualized vol 9.2%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=138.52, end=139.10, cumulative_return=+0.4%, annualized_volatility=9.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.35, 't10y3m_spread': -1.11, 'breakeven_10y': 2.27, 'hy_oas': 3.25, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.09000015258789}
Market regime: sideways
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for XLV starting 2024-07-05 was +1.68%, which classifies as 'positive'.


EFA over past 60 days: cumulative return +6.0%, annualized vol 10.4%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=69.55, end=73.69, cumulative_return=+6.0%, annualized_volatility=10.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.34, 't10y3m_spread': -1.1, 'breakeven_10y': 2.34, 'hy_oas': 3.24, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.82, 'vix': 16.350000381469727}
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Predict whether the return of EFA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for EFA starting 2024-04-05 was +0.62%, which classifies as 'flat'.


ACWI over past 60 days: cumulative return +7.9%, annualized vol 9.5%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=103.26, end=111.40, cumulative_return=+7.9%, annualized_volatility=9.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.26, 't10y3m_spread': -1.23, 'breakeven_10y': 2.31, 'hy_oas': 3.09, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 15.93000030517578}
Market regime: sideways
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of ACWI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for ACWI starting 2024-07-19 was +2.17%, which classifies as 'positive'.