SPY over past 60 days: cumulative return +4.6%, annualized vol 11.6%. Market regime: bull.

Question:
Asset: SPY
Historical prices (past 60 trading days): start=486.13, end=508.53, cumulative_return=+4.6%, annualized_volatility=11.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.37, 't10y3m_spread': -0.97, 'breakeven_10y': 2.33, 'hy_oas': 3.14, 'ig_oas': 0.9, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 13.600000381469728}
Market regime: bull
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 SPY 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 SPY starting 2024-05-14 was +3.66%, which classifies as 'positive'.


HAUZ over past 60 days: cumulative return +6.0%, annualized vol 15.6%. Market regime: sideways.

Question:
Asset: HAUZ
Historical prices (past 60 trading days): start=18.34, end=19.45, cumulative_return=+6.0%, annualized_volatility=15.6%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.76, 't10y3m_spread': -0.98, 'breakeven_10y': 2.37, 'hy_oas': 4.24, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 20.170000076293945}
Market regime: sideways

Predict whether the return of HAUZ 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 HAUZ starting 2023-02-17 was -5.50%, which classifies as 'negative'.


USO over past 60 days: cumulative return -6.0%, annualized vol 35.6%. Market regime: sideways.

Question:
Asset: USO
Historical prices (past 60 trading days): start=69.02, end=64.87, cumulative_return=-6.0%, annualized_volatility=35.6%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.48, 't10y3m_spread': -1.68, 'breakeven_10y': 2.23, 'hy_oas': 4.74, 'ig_oas': 1.49, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 17.709999084472656}
Market regime: sideways

Predict whether the return of USO 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 USO starting 2023-05-10 was -1.44%, which classifies as 'negative'.


MATIC-USD over past 60 days: cumulative return +13.5%, annualized vol 72.7%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.40, end=0.45, cumulative_return=+13.5%, annualized_volatility=72.7%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.13, 't10y3m_spread': -0.21, 'breakeven_10y': 2.34, 'hy_oas': 2.72, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 15.579999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of MATIC-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 MATIC-USD starting 2024-11-19 was +34.18%, which classifies as 'positive'.


^VIX over past 60 days: cumulative return +24.4%, annualized vol 83.8%. Market regime: sideways.

Question:
Asset: ^VIX
Historical prices (past 60 trading days): start=13.59, end=16.90, cumulative_return=+24.4%, annualized_volatility=83.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.54, 't10y3m_spread': -1.03, 'breakeven_10y': 2.37, 'hy_oas': 3.97, 'ig_oas': 1.19, 'ted_spread': 0.09, 'mortgage_30y': 7.19, 'vix': 16.899999618530273}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-25] ["OpenAI's ChatGPT will 'see, hear and speak' in major update Sept 25 (Reuters) - OpenAI's ChatGPT is getting a major update that will enable the viral chatbot to have voice conversations with users and interact using images, moving it closer to popular artificial intelligence (AI) assistants like Apple's AAPL.O Siri. The voice feature \"opens doors to many creative and accessibility-focused applications\", OpenAI said in a blog post on Monday. Similar AI services like Siri, Google GOOGL.O voice assistant and Amazon.com's AMZN.O Alexa are integrated with the devices they run on and are often used to set alarms and reminders, and deliver information off the internet. Since its debut last year, ChatGPT has been adopted by companies for a wide range of tasks from summarizing documents to writing computer code, setting off a race amongst Big Tech companies to launch their own offerings based on generative AI. ChatGPT's new voice feature can also narrate bedtime stories, settle debates at the dinner table, and speak out loud text input from users. The technology behind it is being used by Spotify SPOT.N for the platform's podcasters to translate their content in different languages, OpenAI said. With images support, users can take pictures of things around them and ask the chatbot to \"troubleshoot why your grill won't start, explore the contents of your fridge to plan a meal, or analyze a complex graph for work-related data\". Alphabet's Google Lens is currently the popular choice to gain information on images. The new ChatGPT features will be released for subscribers of its Plus and Enterprise plans over the next two weeks. (Reporting by Zaheer Kachwala and Yuvraj Malik in Bengaluru; Editing by Devika Syamnath) ((yuvraj.malik@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Netflix (NFLX) Expands Portfolio With New Italian Content Netflix NFLX is having a steady run in 2023, with shares rising 28.8% year to date compared with the Zacks Consumer Discretionary sector\u2019s increase of 4.6%. The upside can be attributed to an expanding subscriber base and robust content offerings. Netflix continues to bolster its international content portfolio. Italy plays a prominent role in this endeavour through an extensive lineup that includes a wide range of series, films, docuseries and unscripted shows spanning diverse genres, formats and languages. Netflix recently announced four captivating new projects, including Il treno dei bambini, an in-depth exploration of postwar Italy and Fabbricante di lacrime, based on a popular book. Additionally, two fresh series, Storia della mia famiglia and Adorazione, provide deep explorations of intricate family dynamics and young adult experiences. Expanding Portfolio Aids Growth Netflix is anticipated to gain from its diversified content portfolio, driven by substantial investments in producing and distributing lo

Predict whether the return of ^VIX 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 ^VIX starting 2023-09-26 was +6.60%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return +75.7%, annualized vol 111.1%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=13.58, end=23.86, cumulative_return=+75.7%, annualized_volatility=111.1%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.8, 't10y3m_spread': -1.04, 'breakeven_10y': 2.31, 'hy_oas': 3.99, 'ig_oas': 1.2, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 18.65999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-07]

Predict whether the return of SOL-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 SOL-USD starting 2023-02-08 was -2.96%, which classifies as 'negative'.


VTI over past 60 days: cumulative return +6.3%, annualized vol 10.3%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=247.25, end=262.86, cumulative_return=+6.3%, annualized_volatility=10.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.2, 't10y3m_spread': -1.25, 'breakeven_10y': 2.25, 'hy_oas': 3.2, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 17.690000534057617}
Market regime: sideways
Recent filing/news:
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FORM 10-K SUMMARY None. 110   SIGNAT URES 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, in the City of Redmond, State of Washington, on July 30, 2024.   M ICROSOFT  C ORPORATION   /s/ A LICE  L. J OLLA Alice L. Jolla Corporate Vice President and Chief Accounting Officer (Principal Accounting 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 Registrant and in the capacities indicated on July 30, 2024.   Signature Title   /s/ S ATYA  N ADELLA Chairman and Chief Executive Officer (Principal Executive Officer) Satya Nadella     /s/ R EID  H OFFMAN   Director Reid Hoffman     /s/ H UGH  F. J OHNSTON Director Hugh F. Johnston     /s/ T ERI L. L IST Director Teri L. List     /s/ C ATHERINE  M AC G REGOR   Director Catherine MacGregor         /s/ M ARK  A. L. M ASON   Director Mark A. L. Mason         /s/ S ANDRA  E. P ETERSON Lead Independent Director Sandra E. Peterson       /s/ P ENNY S. P RITZKER   Director Penny S. Pritzker       /s/ C ARLOS A. R ODRIGUEZ   Director Carlos A. Rodriguez       /s/ C HARLES  W. S CHARF Director Charles W. Scharf     /s/ J OHN  W. S TANTON Director John W. Stanton       /s/ E MMA  N. W ALMSLEY   Director Emma N. Walmsley     /s/ A MY  E. H OOD Executive Vice President and Chief Financial Officer (Principal Financial Officer) Amy E. Hood     /s/ A LICE  L. J OLLA Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer) Alice L. Jolla     111

Predict whether the return of VTI 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 VTI starting 2024-07-31 was +1.16%, which classifies as 'positive'.


FXI over past 60 days: cumulative return +10.5%, annualized vol 22.5%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=23.02, end=25.44, cumulative_return=+10.5%, annualized_volatility=22.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.42, 't10y3m_spread': -1.13, 'breakeven_10y': 2.27, 'hy_oas': 3.19, 'ig_oas': 0.91, 'ted_spread': 0.09, 'mortgage_30y': 6.99, 'vix': 12.850000381469728}
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. 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Predict whether the return of FXI 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 FXI starting 2024-06-12 was +3.07%, which classifies as 'positive'.


SCHP over past 60 days: cumulative return -2.0%, annualized vol 5.3%. Market regime: sideways.

Question:
Asset: SCHP
Historical prices (past 60 trading days): start=24.08, end=23.59, cumulative_return=-2.0%, annualized_volatility=5.3%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.88, 't10y3m_spread': -1.4, 'breakeven_10y': 2.27, 'hy_oas': 4.08, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 14.829999923706056}
Market regime: sideways

Predict whether the return of SCHP 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 SCHP starting 2023-07-10 was +0.66%, which classifies as 'flat'.


DOT-USD over past 60 days: cumulative return +37.9%, annualized vol 51.1%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.02, end=5.55, cumulative_return=+37.9%, annualized_volatility=51.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.34, 't10y3m_spread': -1.21, 'breakeven_10y': 2.22, 'hy_oas': 3.87, 'ig_oas': 1.11, 'ted_spread': 0.09, 'mortgage_30y': 7.22, 'vix': 12.630000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-03]

Predict whether the return of DOT-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 DOT-USD starting 2023-12-04 was +64.03%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return +91.8%, annualized vol 83.9%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=7.31, end=14.02, cumulative_return=+91.8%, annualized_volatility=83.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.53, 't10y3m_spread': -1.53, 'breakeven_10y': 2.22, 'hy_oas': 3.51, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.279999732971191}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-17]

Predict whether the return of LINK-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 LINK-USD starting 2023-12-18 was -3.34%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +15.6%, annualized vol 66.6%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.49, end=0.57, cumulative_return=+15.6%, annualized_volatility=66.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.32, 't10y3m_spread': -1.06, 'breakeven_10y': 2.36, 'hy_oas': 3.23, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.329999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ADA-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 ADA-USD starting 2024-04-04 was -19.20%, which classifies as 'negative'.


^VIX over past 60 days: cumulative return +54.0%, annualized vol 153.6%. Market regime: sideways.

Question:
Asset: ^VIX
Historical prices (past 60 trading days): start=12.51, end=19.26, cumulative_return=+54.0%, annualized_volatility=153.6%
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': -0.97, 'breakeven_10y': 2.19, 'hy_oas': 3.07, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.08, 'vix': 19.26000022888184}
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 ^VIX 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 ^VIX starting 2024-10-02 was +22.54%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return -32.6%, annualized vol 46.4%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.71, end=0.48, cumulative_return=-32.6%, annualized_volatility=46.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.71, 't10y3m_spread': -1.29, 'breakeven_10y': 2.34, 'hy_oas': 3.84, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 7.12, 'vix': 14.229999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-12]

Predict whether the return of XRP-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 XRP-USD starting 2023-09-13 was +10.16%, which classifies as 'positive'.


ADA-USD over past 60 days: cumulative return -12.9%, annualized vol 52.4%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.45, end=0.39, cumulative_return=-12.9%, annualized_volatility=52.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.2, 't10y3m_spread': -1.32, 'breakeven_10y': 2.24, 'hy_oas': 3.25, 'ig_oas': 0.97, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 16.360000610351562}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ADA-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 ADA-USD starting 2024-08-01 was -4.12%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +1.1%, annualized vol 36.0%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1831.95, end=1852.23, cumulative_return=+1.1%, annualized_volatility=36.0%
Macro context: {'fed_funds_rate': 5.07, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.91, 't10y3m_spread': -1.61, 'breakeven_10y': 2.2, 'hy_oas': 4.14, 'ig_oas': 1.31, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 13.539999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-29]

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 2023-06-30 was -2.13%, which classifies as 'negative'.


MTUM over past 60 days: cumulative return +5.6%, annualized vol 11.3%. Market regime: sideways.

Question:
Asset: MTUM
Historical prices (past 60 trading days): start=135.52, end=143.10, cumulative_return=+5.6%, annualized_volatility=11.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.91, 't10y3m_spread': -1.56, 'breakeven_10y': 2.38, 'hy_oas': 3.82, 'ig_oas': 1.19, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 13.329999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-28] ["Wall St Week Ahead-Hopes of 'Goldilocks' economy, rate peak buoy US stocks By David Randall NEW YORK, July 28 (Reuters) - A resilient U.S. economy and expectations of a nearing peak in the Federal Reserve\u2019s monetary policy tightening cycle are emboldening stock investors, even as worries persist over rising valuations and the potential for inflation to rebound. The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. It has risen nearly 10 percentage points since June 1, over which time the U.S. government avoided a debt ceiling default and consumer prices cooled, while growth stayed resilient. One key factor driving stocks higher has been the view that the economy is moving towards a so-called Goldilocks scenario of ebbing consumer prices and strong growth that many believe is a healthy backdrop for stocks. That view gained further traction in the past week, when Chair Jerome Powell said the central bank's staff no longer forecasts a U.S. recession and that inflation had a shot of returning to its 2% target without high levels of job losses. Policymakers raised rates by another 25 basis points to their highest level since 2007 at the central bank's July 26 meeting and left the door open to another increase in September. \"The market has fully accepted the narrative that it wanted, which is Goldilocks. Until we see some set of data that scares them it's hard to see how that changes,\" said Bob Kalman, senior portfolio manager at Miramar Capital. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. Futures markets on Friday priced a nearly 73% chance that rates don\u2019t rise above current levels through the end of the year, according to CME\u2019s FedWatch tool, up from 24% a month ago. A test of the economy comes next week, when the U.S. reports employment numbers for July. While comparatively strong employment data has been a driver of this year\u2019s stock rally, signs that the economy is growing at too rapid a pace could spark worries that the Fed will need to raise rates more than expected. \"For markets to continue to trade higher, the soft landing must be a soft landing, not a reacceleration, because if housing and consumer spending accelerate from here, the Fed will have to raise rates a lot more,\" wrote Torsten Slok, chief economist at Apollo Global Management. Kalman, of Miramar Capital, believes there\u2019s a growing chance the Fed may need to raise rates beyond their current 5.50% threshold and hold them there for longer than expected, an outcome he worries could dampen the economy and hurt risk assets. \"It's a 50-50 chance that we'll get Goldilocks or we'll get a stronger downturn,\" he said. Many are also assessing the durability of a rally in tech stocks, which has been fueled in part by excitement over developments in artificial intelligence. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the

Predict whether the return of MTUM 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 MTUM starting 2023-07-31 was +0.02%, which classifies as 'flat'.


DOT-USD over past 60 days: cumulative return -1.9%, annualized vol 39.1%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.52, end=4.44, cumulative_return=-1.9%, annualized_volatility=39.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.64, 't10y3m_spread': -1.26, 'breakeven_10y': 2.33, 'hy_oas': 3.95, 'ig_oas': 1.26, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 17.889999389648438}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-17]

Predict whether the return of DOT-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 DOT-USD starting 2023-08-18 was -5.81%, which classifies as 'negative'.


LINK-USD over past 60 days: cumulative return -10.4%, annualized vol 67.7%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=13.57, end=12.16, cumulative_return=-10.4%, annualized_volatility=67.7%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.25, 't10y3m_spread': -0.95, 'breakeven_10y': 2.19, 'hy_oas': 3.21, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 15.390000343322754}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of LINK-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 LINK-USD starting 2024-09-25 was -7.21%, which classifies as 'negative'.


LINK-USD over past 60 days: cumulative return +12.7%, annualized vol 53.4%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=10.15, end=11.44, cumulative_return=+12.7%, annualized_volatility=53.4%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.08, 't10y3m_spread': -0.7, 'breakeven_10y': 2.28, 'hy_oas': 2.93, 'ig_oas': 0.83, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 20.63999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of LINK-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 LINK-USD starting 2024-10-16 was +8.27%, which classifies as 'positive'.


IAU over past 60 days: cumulative return +0.3%, annualized vol 10.7%. Market regime: sideways.

Question:
Asset: IAU
Historical prices (past 60 trading days): start=38.36, end=38.48, cumulative_return=+0.3%, annualized_volatility=10.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.37, 't10y3m_spread': -1.18, 'breakeven_10y': 2.33, 'hy_oas': 3.31, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.9, 'vix': 13.84000015258789}
Market regime: sideways

Predict whether the return of IAU 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 IAU starting 2024-02-29 was +8.69%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return +10.7%, annualized vol 60.8%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=2786.67, end=3084.92, cumulative_return=+10.7%, annualized_volatility=60.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.3, 't10y3m_spread': -0.78, 'breakeven_10y': 2.43, 'hy_oas': 3.36, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 18.39999961853028}
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: flat

Explanation: The actual 21-day forward return for ETH-USD starting 2024-04-17 was -0.37%, which classifies as 'flat'.


MATIC-USD over past 60 days: cumulative return -9.3%, annualized vol 54.7%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.41, end=0.37, cumulative_return=-9.3%, annualized_volatility=54.7%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.09, 't10y3m_spread': -0.7, 'breakeven_10y': 2.27, 'hy_oas': 2.9, 'ig_oas': 0.83, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 19.57999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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 2024-10-17 was -5.60%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return +54.6%, annualized vol 42.4%. Market regime: bull.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=62089.95, end=96002.16, cumulative_return=+54.6%, annualized_volatility=42.4%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.06, 't10y3m_spread': -0.26, 'breakeven_10y': 2.28, 'hy_oas': 2.66, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 13.300000190734863}
Market regime: bull
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: flat

Explanation: The actual 21-day forward return for BTC-USD starting 2024-12-04 was +0.54%, which classifies as 'flat'.


IGOV over past 60 days: cumulative return -0.7%, annualized vol 11.5%. Market regime: sideways.

Question:
Asset: IGOV
Historical prices (past 60 trading days): start=38.82, end=38.54, cumulative_return=-0.7%, annualized_volatility=11.5%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.81, 't10y3m_spread': -0.98, 'breakeven_10y': 2.35, 'hy_oas': 4.18, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 6.12, 'vix': 18.229999542236328}
Market regime: sideways

Predict whether the return of IGOV 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 IGOV starting 2023-02-16 was +2.80%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return +21.3%, annualized vol 82.7%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=5.33, end=6.46, cumulative_return=+21.3%, annualized_volatility=82.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.16, 't10y3m_spread': -1.26, 'breakeven_10y': 2.3, 'hy_oas': 3.44, 'ig_oas': 0.99, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 13.140000343322754}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of DOT-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 DOT-USD starting 2024-01-25 was +20.88%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +30.4%, annualized vol 79.9%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=35.92, end=46.82, cumulative_return=+30.4%, annualized_volatility=79.9%
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': -1.06, 'breakeven_10y': 2.36, 'hy_oas': 3.23, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.609999656677246}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of AVAX-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 AVAX-USD starting 2024-04-03 was -20.85%, which classifies as 'negative'.


DOT-USD over past 60 days: cumulative return +52.2%, annualized vol 84.1%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=5.37, end=8.17, cumulative_return=+52.2%, annualized_volatility=84.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.28, 't10y3m_spread': -1.48, 'breakeven_10y': 2.22, 'hy_oas': 3.55, 'ig_oas': 1.03, 'ted_spread': 0.09, 'mortgage_30y': 6.66, 'vix': 12.4399995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of DOT-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 DOT-USD starting 2024-01-12 was -8.36%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return -15.5%, annualized vol 71.8%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.59, end=0.50, cumulative_return=-15.5%, annualized_volatility=71.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.32, 't10y3m_spread': -1.34, 'breakeven_10y': 2.23, 'hy_oas': 3.43, 'ig_oas': 1.0, 'ted_spread': 0.09, 'mortgage_30y': 6.63, 'vix': 12.829999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of ADA-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 ADA-USD starting 2024-02-08 was +23.88%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return -24.9%, annualized vol 66.5%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=36.06, end=27.08, cumulative_return=-24.9%, annualized_volatility=66.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.19, 't10y3m_spread': -1.24, 'breakeven_10y': 2.25, 'hy_oas': 3.13, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 16.600000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of AVAX-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 AVAX-USD starting 2024-07-30 was -14.86%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +5.2%, annualized vol 48.9%. Market regime: bull.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=2911.60, end=3064.03, cumulative_return=+5.2%, annualized_volatility=48.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.32, 't10y3m_spread': -1.16, 'breakeven_10y': 2.26, 'hy_oas': 3.21, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.510000228881836}
Market regime: bull
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: positive

Explanation: The actual 21-day forward return for ETH-USD starting 2024-07-10 was +4.16%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +4.6%, annualized vol 59.3%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=26.52, end=27.75, cumulative_return=+4.6%, annualized_volatility=59.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.17, 't10y3m_spread': -0.54, 'breakeven_10y': 2.31, 'hy_oas': 2.88, 'ig_oas': 0.85, 'ted_spread': 0.09, 'mortgage_30y': 6.44, 'vix': 18.3700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of AVAX-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 AVAX-USD starting 2024-10-22 was +23.34%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +63.1%, annualized vol 80.5%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=32.81, end=53.53, cumulative_return=+63.1%, annualized_volatility=80.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.38, 't10y3m_spread': -1.18, 'breakeven_10y': 2.3, 'hy_oas': 3.1, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.74, 'vix': 13.81999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of AVAX-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 AVAX-USD starting 2024-03-20 was -17.04%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +7.3%, annualized vol 49.3%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1598.16, end=1715.46, cumulative_return=+7.3%, annualized_volatility=49.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.41, 't10y3m_spread': -1.38, 'breakeven_10y': 2.24, 'hy_oas': 5.03, 'ig_oas': 1.52, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 20.600000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-27]

Predict whether the return of ETH-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 ETH-USD starting 2023-03-28 was +18.71%, which classifies as 'positive'.


BIL over past 60 days: cumulative return +0.7%, annualized vol 0.3%. Market regime: sideways.

Question:
Asset: BIL
Historical prices (past 60 trading days): start=79.70, end=80.26, cumulative_return=+0.7%, annualized_volatility=0.3%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.77, 't10y3m_spread': -1.68, 'breakeven_10y': 2.19, 'hy_oas': 4.39, 'ig_oas': 1.39, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.729999542236328}
Market regime: sideways

Predict whether the return of BIL 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 BIL starting 2023-06-06 was +0.30%, which classifies as 'flat'.


XLE over past 60 days: cumulative return +3.7%, annualized vol 18.2%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=38.72, end=40.13, cumulative_return=+3.7%, annualized_volatility=18.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.41, 't10y3m_spread': -1.19, 'breakeven_10y': 2.31, 'hy_oas': 3.23, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.9, 'vix': 13.739999771118164}
Market regime: sideways
Recent filing/news:
[SEC 10-K CVX 2024-02-26] cvx-20231231 0000093410 false 2023 FY 336 353 277 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#ShortTermBorrowings http://fasb.org/us-gaap/2023#ShortTermBorrowings http://fasb.org/us-gaap/2023#DeferredIncomeTaxLiabilitiesNet http://fasb.org/us-gaap/2023#DeferredIncomeTaxLiabilitiesNet http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.chevron.com/20231231#ContractWithCustomerLiabilityAndOtherNoncurrentLiability 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us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2022-01-01 2022-12-31 0000093410 us [...TRUNCATED...] ubsidiaries of Chevron Corporation (page E-1). 22.1* Subsidiary Issuer of Guaranteed Securities. 23.1* Consent of PricewaterhouseCoopers LLP (page E-2). 24.1* Power of Attorney for certain directors of Chevron Corporation, authorizing the signing of the Annual Report on Form 10-K on their behalf. 31.1* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Executive Officer (page E-3). 31.2* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Financial Officer (page E-4).   32.1** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Executive Officer (page E-5).   32.2** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Financial Officer (page E-6). 97.1+* Chevron Corporation Dodd-Frank Clawback Policy. 99.1* Definitions of Selected Energy and Financial Terms (pages E-7 through E-10). 101* Interactive data files (formatted as Inline XBRL). 104* Cover Page Interactive Data File (contained in Exhibit 101).   ___________________________________________ + Indicates a management contract or compensatory plan or arrangement. *      Filed herewith. **      Furnished herewith. Pursuant to Item 601(b)(4) of Regulation S-K, certain instruments with respect to the company’s long-term debt are not filed with this Annual Report on Form 10-K. A copy of any such instrument will be furnished to the Securities and Exchange Commission upon request. 118 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, on the 26th day of February, 2024.  Chevron Corporation   By: /s/ MICHAEL K. WIRTH Michael K. Wirth, Chairman of the Board 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 on the 26th day of February, 2024.   Principal Executive Officer (and Director) /s/ MICHAEL K. WIRTH Michael K. Wirth, Chairman of the Board and Chief Executive Officer Principal Financial Officer /s/ PIERRE R. BREBER Pierre R. Breber, Vice President and Chief Financial Officer Principal Accounting Officer /s/ ALANA K. KNOWLES Alana K. Knowles, Vice President and Controller * By:  /s/ MARY A. FRANCIS Mary A. Francis, Attorney-in-Fact Directors WANDA M. AUSTIN * Wanda M. Austin JOHN B. FRANK * John B. Frank ALICE P. GAST * Alice P. Gast ENRIQUE HERNANDEZ, JR. * Enrique Hernandez, Jr. MARILLYN A. HEWSON * Marillyn A. Hewson JON M. HUNTSMAN JR. * Jon M. Huntsman Jr. CHARLES W. MOORMAN * Charles W. Moorman DAMBISA F. MOYO * Dambisa F. Moyo DEBRA REED-KLAGES * Debra Reed-Klages D. JAMES UMPLEBY III * D. James Umpleby III CYNTHIA J. WARNER * Cynthia J. Warner 119

Predict whether the return of XLE 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 XLE starting 2024-02-27 was +9.62%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +68.3%, annualized vol 45.4%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=42853.17, end=72123.91, cumulative_return=+68.3%, annualized_volatility=45.4%
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': -1.38, 'breakeven_10y': 2.27, 'hy_oas': 3.26, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 15.220000267028809}
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: negative

Explanation: The actual 21-day forward return for BTC-USD starting 2024-03-12 was -8.44%, which classifies as 'negative'.


XRP-USD over past 60 days: cumulative return -13.6%, annualized vol 44.9%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.62, end=0.53, cumulative_return=-13.6%, annualized_volatility=44.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.05, 't10y3m_spread': -0.75, 'breakeven_10y': 2.23, 'hy_oas': 2.89, 'ig_oas': 0.87, 'ted_spread': 0.09, 'mortgage_30y': 6.12, 'vix': 19.209999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of XRP-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 XRP-USD starting 2024-10-07 was -2.02%, which classifies as 'negative'.


QQQ over past 60 days: cumulative return +9.7%, annualized vol 16.0%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=364.51, end=400.02, cumulative_return=+9.7%, annualized_volatility=16.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.35, 't10y3m_spread': -1.48, 'breakeven_10y': 2.22, 'hy_oas': 3.63, 'ig_oas': 1.08, 'ted_spread': 0.09, 'mortgage_30y': 6.62, 'vix': 13.079999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-08] ["4 Electronics Semiconductor Stocks to Escape Macro Headwinds The challenging global macroeconomic environment and end-market volatility have affected the Zacks Electronics - Semiconductors industry. Geo-political tensions, unfavorable forex and rising inflationary pressure also weigh heavily on the industry\u2019s prospects. Nevertheless, industry players like Advanced Micro Devices AMD, ASE Technology ASX, Cirrus Logic CRUS and QuickLogic QUIK have been benefiting from the increasing demand for high-volume consumer electronic devices, such as digital media players, smartphones and tablets, and the strong uptake of efficient packaging, machine vision solutions and robotics. Additionally, the growing proliferation of AI, Machine Learning, Blockchain, Internet of Things, Augmented Reality/Virtual Reality (AR/VR) and industrial revolution 4.0 (which focuses on interconnectivity and automation) should continue to drive the industry\u2019s growth. Easing supply-chain constraints are also benefiting the industry participants. Industry Description The Zacks Electronics \u2013 Semiconductors industry comprises firms that provide a wide range of semiconductor technologies. Their offerings include packaging and test services, wafer cleaning, factory automation, face detection and image-recognition capabilities to develop intelligent and connected products. The participants primarily cater to end-markets constituting consumer electronics, communications, computing, industrial and automotive. These companies are raising their spending on research and development to stay afloat in an era of technological advancements and changing industry standards. The underlined industry is experiencing solid demand for advanced electronic equipment, helping these firms increase their investments in cost-effective process technologies. What's Shaping the Future of the Electronics - Semiconductors Industry? Macroeconomic Headwinds Pose Concerns: Rising inflationary pressure and fears of global recession have negatively impacted the rate of deal wins. Due to the challenging macroeconomic scenario, enterprises are reluctant to sign multi-year deals worldwide. These trends do not bode well for the industry participants. Geo-political Tensions Are Worrisome: The ongoing Russia-Ukraine war and, most importantly, the souring relationship between the United States and China are creating headwinds. Increasing dependency on AI-backed electronic devices on semiconductors and current restrictions ordered by the United States on trading with China, the main hub for chip production, is a significant negative for the underlined industry. Smart Devices Aiding Computing Demand: Smart devices need computing and learning capabilities to perform face detection, image recognition and video analytics capabilities. These require high processing power, speed and memory; low power consumption; and better graphic processors and solutions, which bode well for the industry. Graphic solutions help in

Predict whether the return of QQQ 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 QQQ starting 2024-01-09 was +6.66%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return -6.9%, annualized vol 28.9%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=29415.96, end=27391.02, cumulative_return=-6.9%, annualized_volatility=28.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.3, 't10y3m_spread': -0.95, 'breakeven_10y': 2.32, 'hy_oas': 4.26, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 17.030000686645508}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-10]

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 2023-10-11 was +31.87%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return -4.7%, annualized vol 53.1%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=6.59, end=6.28, cumulative_return=-4.7%, annualized_volatility=53.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.41, 't10y3m_spread': -1.2, 'breakeven_10y': 2.26, 'hy_oas': 3.21, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.86, 'vix': 12.239999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

Predict whether the return of DOT-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 DOT-USD starting 2024-06-28 was +2.78%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return -15.7%, annualized vol 86.0%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=22.87, end=19.29, cumulative_return=-15.7%, annualized_volatility=86.0%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.42, 't10y3m_spread': -1.24, 'breakeven_10y': 2.29, 'hy_oas': 5.2, 'ig_oas': 1.64, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 26.13999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-15]

Predict whether the return of SOL-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 SOL-USD starting 2023-03-16 was +4.46%, which classifies as 'positive'.


XLI over past 60 days: cumulative return +4.2%, annualized vol 10.5%. Market regime: bull.

Question:
Asset: XLI
Historical prices (past 60 trading days): start=116.92, end=121.83, cumulative_return=+4.2%, annualized_volatility=10.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.43, 't10y3m_spread': -1.02, 'breakeven_10y': 2.33, 'hy_oas': 3.11, 'ig_oas': 0.89, 'ted_spread': 0.09, 'mortgage_30y': 7.02, 'vix': 12.289999961853027}
Market regime: bull
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 XLI 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 XLI starting 2024-05-23 was -0.69%, which classifies as 'flat'.