UNG over past 60 days: cumulative return +39.0%, annualized vol 59.2%. Market regime: bull.

Question:
Asset: UNG
Historical prices (past 60 trading days): start=14.35, end=19.94, cumulative_return=+39.0%, annualized_volatility=59.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.47, 't10y3m_spread': -1.28, 'breakeven_10y': 2.21, 'hy_oas': 3.24, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.300000190734863}
Market regime: bull

Predict whether the return of UNG 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 UNG starting 2024-06-19 was -29.24%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +6.3%, annualized vol 20.0%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=214.40, end=228.00, cumulative_return=+6.3%, annualized_volatility=20.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.18, 't10y3m_spread': -0.8, 'breakeven_10y': 2.41, 'hy_oas': 4.47, 'ig_oas': 1.33, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 16.8700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-01]

Predict whether the return of BNB-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 BNB-USD starting 2023-11-02 was +0.88%, which classifies as 'flat'.


ADA-USD over past 60 days: cumulative return +19.5%, annualized vol 50.0%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.31, end=0.37, cumulative_return=+19.5%, annualized_volatility=50.0%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.65, 't10y3m_spread': -1.26, 'breakeven_10y': 2.29, 'hy_oas': 4.35, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.15, 'vix': 19.07999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-25]

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 2023-01-26 was +2.06%, which classifies as 'positive'.


VLUE over past 60 days: cumulative return -6.7%, annualized vol 16.8%. Market regime: sideways.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=89.29, end=83.30, cumulative_return=-6.7%, annualized_volatility=16.8%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.53, 't10y3m_spread': -1.68, 'breakeven_10y': 2.2, 'hy_oas': 4.7, 'ig_oas': 1.44, 'ted_spread': 0.09, 'mortgage_30y': 6.43, 'vix': 17.780000686645508}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-02] ["Top Stocks To Buy Now? 3 Dow Stocks In Focus Today The Dow Jones Industrial Average (DJIA), commonly known as \u201cthe Dow,\u201d is a prominent stock market index that monitors the performance of 30 leading blue-chip companies listed on the New York Stock Exchange (NYSE) and the NASDAQ. The DJIA stands as one of the oldest and most respected market indices globally. The index acts as a gauge of the U.S. economy\u2019s well-being, offering investors a broad overview of market performance while reflecting the robustness of various sectors, including technology, finance, healthcare, and consumer goods. In addition, Dow 30 stocks encompass the 30 constituent firms of the DJIA, chosen to portray a diverse array of industries and regarded as some of the most stable and established corporations in the United States. It is crucial to understand that the DJIA is a price-weighted index, which means the index\u2019s value is determined by the sum of its constituents\u2019 stock prices, adjusted for stock splits and dividends. This calculation method may result in greater influence from higher-priced stocks, rendering the index less representative of the overall market than other indices, such as the market-cap-weighted S&P 500. Bearing that in mind, let\u2019s explore Dow Jones stocks to watch today. Dow Stocks To Watch Today Apple, Inc. (NASDAQ: AAPL) Nike, Inc. (NYSE: NKE) Honeywell International Inc. (NASDAQ: HON) Apple (AAPL Stock) Apple, Inc. (AAPL) is a globally renowned technology company that designs, manufactures, and markets consumer electronics, software, and online services. Best known for its flagship products such as the iPhone, iPad, Mac computers, and Apple Watch. Meanwhile, this week Apple is set to report its second quarter 2023 financial results. In detail, the company will release its Q2 2023 earnings results this Thursday, May 4, 2023, after the U.S. stock market closes. To recap, in Q1 2023, Apple reported earnings of $1.88 per share, with revenue of $117.2 billion. Year-to-date, shares of Apple stock have increased by 34.68% thus far. While, during Tuesday\u2019s mid-morning trading session, AAPL stock is trading at $168.42 per share. Source: TD Ameritrade TOS [Read More] Good Stocks To Buy Right Now? 3 Tech Stocks In Focus Nike (NKE Stock) Next, Nike, Inc. (NKE) is a multinational corporation specializing in the design, development, manufacturing, and marketing of athletic footwear, apparel, equipment, and accessories. For a sense of scale, Nike is one of the world\u2019s largest suppliers of athletic shoes and apparel. Back in March, Nike reported its most recent 3rd quarter of 2023 financial results. Diving in, the company posted an EPS of $0.79 on revenue of $12.4 billion. This came in better than analysts\u2019 consensus estimate for the quarter which was earnings of $0.52 per share, with revenue estimates of $11.5 billion. Additionally, Nike also reported that revenue grew by 14.0% versus the same period, the prior year. In

Predict whether the return of VLUE 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 VLUE starting 2023-05-03 was +1.30%, which classifies as 'positive'.


XLV over past 60 days: cumulative return +0.4%, annualized vol 14.3%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=125.35, end=125.89, cumulative_return=+0.4%, annualized_volatility=14.3%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.67, 't10y3m_spread': -1.21, 'breakeven_10y': 2.33, 'hy_oas': 4.23, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 6.13, 'vix': 18.51000022888184}
Market regime: sideways
Recent filing/news:
[SEC 10-K BA 2023-01-27] ba-20221231 FALSE 2022 FY BOEING CO 0000012927 http://fasb.org/us-gaap/2022#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2022#Revenues http://fasb.org/us-gaap/2022#Revenues http://fasb.org/us-gaap/2022#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2022#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2022#LiabilitiesCurrent http://fasb.org/us-gaap/2022#LiabilitiesCurrent http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2022#DebtCurrent http://fasb.org/us-gaap/2022#DebtCurrent http://fasb.org/us-gaap/2022#OtherAssetsCurrent http://fasb.org/us-gaap/2022#OtherAssetsCurrent http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2022#AccruedLiabilitiesCurrent 0000012927 2022-01-01 2022-12-31 0000012927 2022-06-30 iso4217:USD 0000012927 2023-01-20 xbrli:shares 0000012927 us-gaap:ProductMember 2022-01-01 2022-12-31 0000012927 us-gaap:ProductMember 2021-01-01 2021-12-31 0000012927 us-gaap:ProductMember 2020-01-01 2020-12-31 0000012927 us-gaap:ServiceMember 2022-01-01 2022-12-31 0000012927 us-gaap:ServiceMember 2021-01-01 2021-12-31 0000012927 us-gaap:ServiceMember 2020-01-01 2020-12-31 0000012927 2021-01-01 2021-12-31 0000012927 2020-01-01 2020-12-31 iso4217:USD xbrli:shares 0000012927 2022-12-31 0000012927 2021-12-31 0000012927 2020-12-31 0000012927 2019-12-31 0000012927 us-gaap:CommonStockMember 2019-12-31 0000012927 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000012927 us-gaap:TreasuryStockMember 2019-12-31 0000012927 us-gaap:RetainedEarningsMember 2019-12-31 0000012927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000012927 us-gaap:NoncontrollingInterestMember 2019-12-31 0000012927 us-gaap:RetainedEarningsMember 2020-01-01 2020-12-31 0000012927 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-12-31 0000012927 us-gaap:AccumulatedOtherComprehensiveIncomeMember 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2022-12-31 0000012927 us-gaap:MachineryAndEquipmentMember srt: [...TRUNCATED...] rm 130 Table of Contents 31.1 Certification of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002 32.1 Certification of Chief Executive Officer pursuant to Section 906 of Sarbanes-Oxley Act of 2002 32.2 Certification of Chief Financial Officer pursuant to Section 906 of Sarbanes-Oxley Act of 2002 99.1 Commercial Program Method of Accounting (Exhibit (99)(i) to the Company’s Form 10-K for the year ended December 31, 1997) 101.SCH XBRL Taxonomy Extension Schema Document 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF XBRL Taxonomy Extension Definition Linkbase Document 101.LAB XBRL Taxonomy Extension Label Linkbase Document 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101 * Management contract or compensatory plan In accordance with Item 601(b)(4)(iii)(A) of Regulation S-K, copies of certain instruments defining the rights of holders of long-term debt of the Company are not filed herewith. Pursuant to this regulation, we hereby agree to furnish a copy of any such instrument to the SEC upon request. Item 16. Form 10-K Summary None. 131 Table of Contents Signatures Pursuant to the requirements of Section 13 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 January 27, 2023. THE BOEING COMPANY (Registrant) By:   /s/ Carol J. Hibbard   Carol J. Hibbard – Senior Vice President and Controller 132 Table of Contents 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 January 27, 2023. /s/ David L. Calhoun /s/ Stayce D. Harris David L. Calhoun – President and Chief Executive Officer and Director Stayce D. Harris – Director (Principal Executive Officer) /s/ Brian J. West /s/ Akhil Johri Brian J. West – Executive Vice President and Chief Financial Officer Akhil Johri – Director (Principal Financial Officer) /s/ Carol J. Hibbard /s/ David L. Joyce Carol J. Hibbard – Senior Vice President and Controller David L. Joyce – Director (Principal Accounting Officer) /s/ Robert A. Bradway /s/ Lawrence W. Kellner Robert A. Bradway – Director Lawrence W. Kellner – Chair of the Board /s/ Lynne M. Doughtie /s/ Steven M. Mollenkopf Lynne M. Doughtie – Director Steven M. Mollenkopf – Director /s/ David L. Gitlin /s/ John M. Richardson David L. Gitlin – Director John M. Richardson – Director /s/ Lynn J. Good /s/ Ronald A. Williams Lynn J. Good – Director Ronald A. Williams – Director 133

Predict whether the return of XLV 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 XLV starting 2023-01-30 was -3.57%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +10.5%, annualized vol 61.1%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.27, end=0.30, cumulative_return=+10.5%, annualized_volatility=61.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.79, 't10y3m_spread': -1.55, 'breakeven_10y': 2.34, 'hy_oas': 3.94, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 6.9, 'vix': 15.960000038146973}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-09]

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 2023-08-10 was -13.76%, which classifies as 'negative'.


MATIC-USD over past 60 days: cumulative return +16.2%, annualized vol 42.4%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.55, end=0.64, cumulative_return=+16.2%, annualized_volatility=42.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.15, 't10y3m_spread': -0.75, 'breakeven_10y': 2.42, 'hy_oas': 4.53, 'ig_oas': 1.31, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 21.270000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-29]

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 2023-10-30 was +24.86%, which classifies as 'positive'.


IGOV over past 60 days: cumulative return -3.9%, annualized vol 8.7%. Market regime: bull.

Question:
Asset: IGOV
Historical prices (past 60 trading days): start=40.64, end=39.07, cumulative_return=-3.9%, annualized_volatility=8.7%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.06, 't10y3m_spread': -0.35, 'breakeven_10y': 2.26, 'hy_oas': 2.69, 'ig_oas': 0.82, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 14.100000381469728}
Market regime: bull

Predict whether the return of IGOV 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 IGOV starting 2024-11-29 was -3.58%, which classifies as 'negative'.


MORT over past 60 days: cumulative return -13.8%, annualized vol 27.3%. Market regime: sideways.

Question:
Asset: MORT
Historical prices (past 60 trading days): start=8.70, end=7.49, cumulative_return=-13.8%, annualized_volatility=27.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.59, 't10y3m_spread': -1.67, 'breakeven_10y': 2.27, 'hy_oas': 4.7, 'ig_oas': 1.45, 'ted_spread': 0.09, 'mortgage_30y': 6.28, 'vix': 18.96999931335449}
Market regime: sideways

Predict whether the return of MORT 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 MORT starting 2023-04-11 was -3.07%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +18.7%, annualized vol 23.2%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=214.56, end=254.63, cumulative_return=+18.7%, annualized_volatility=23.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.26, 't10y3m_spread': -0.89, 'breakeven_10y': 2.42, 'hy_oas': 4.0, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 14.890000343322754}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-06]

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 2023-11-07 was -6.78%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +18.1%, annualized vol 47.9%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3066.03, end=3620.56, cumulative_return=+18.1%, annualized_volatility=47.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.47, 't10y3m_spread': -1.31, 'breakeven_10y': 2.17, 'hy_oas': 3.29, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.65999984741211}
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 2024-06-17 was -14.03%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +44.8%, annualized vol 43.1%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.26, end=0.38, cumulative_return=+44.8%, annualized_volatility=43.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.36, 't10y3m_spread': -1.08, 'breakeven_10y': 2.23, 'hy_oas': 3.84, 'ig_oas': 1.11, 'ted_spread': 0.09, 'mortgage_30y': 7.22, 'vix': 12.920000076293944}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-30]

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 2023-12-01 was +62.47%, which classifies as 'positive'.


CSHI over past 60 days: cumulative return +1.0%, annualized vol 0.8%. Market regime: sideways.

Question:
Asset: CSHI
Historical prices (past 60 trading days): start=43.35, end=43.80, cumulative_return=+1.0%, annualized_volatility=0.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.43, 't10y3m_spread': -0.92, 'breakeven_10y': 2.32, 'hy_oas': 4.03, 'ig_oas': 1.26, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 14.170000076293944}
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 2023-11-13 was +0.33%, which classifies as 'flat'.


MATIC-USD over past 60 days: cumulative return +78.2%, annualized vol 53.7%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.52, end=0.92, cumulative_return=+78.2%, annualized_volatility=53.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.37, 't10y3m_spread': -1.0, 'breakeven_10y': 2.31, 'hy_oas': 3.89, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 14.18000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-15]

Predict whether the return of MATIC-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 MATIC-USD starting 2023-11-16 was -0.49%, which classifies as 'flat'.


EMB over past 60 days: cumulative return +1.0%, annualized vol 6.2%. Market regime: sideways.

Question:
Asset: EMB
Historical prices (past 60 trading days): start=84.15, end=84.99, cumulative_return=+1.0%, annualized_volatility=6.2%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.04, 't10y3m_spread': -0.33, 'breakeven_10y': 2.35, 'hy_oas': 2.66, 'ig_oas': 0.77, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.9399995803833}
Market regime: sideways

Predict whether the return of EMB 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 EMB starting 2024-11-11 was +1.16%, which classifies as 'positive'.


XLF over past 60 days: cumulative return +13.5%, annualized vol 10.8%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=34.39, end=39.02, cumulative_return=+13.5%, annualized_volatility=10.8%
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': -1.26, 'breakeven_10y': 2.34, 'hy_oas': 3.26, 'ig_oas': 1.0, 'ted_spread': 0.09, 'mortgage_30y': 6.94, 'vix': 13.489999771118164}
Market regime: sideways
Recent filing/news:
[SEC 10-K UNH 2024-02-28] unh-20231231 false 2023 FY 0000731766 12/31 10 50 http://fasb.org/us-gaap/2023#OtherLiabilities P4Y P4Y P5Y P3Y 1/1/2026 1/1/2042 1/1/2024 1/1/2043 0.038 0.046 0.019 0.043 0.007 0.012 0.297 0.306 0.306 0.308 0.292 0.298 0.013 0.015 0.012 0.012 0.013 0.015 4.605251141552511 4.702283105022831 4.802054794520548 5.502739726027397 4.202283105022831 5.502739726027397 1.2993150684931507 0000731766 2023-01-01 2023-12-31 0000731766 2023-06-30 iso4217:USD 0000731766 2024-01-31 xbrli:shares 0000731766 2023-12-31 0000731766 2022-12-31 iso4217:USD xbrli:shares 0000731766 2022-01-01 2022-12-31 0000731766 2021-01-01 2021-12-31 0000731766 us-gaap:ProductMember 2023-01-01 2023-12-31 0000731766 us-gaap:ProductMember 2022-01-01 2022-12-31 0000731766 us-gaap:ProductMember 2021-01-01 2021-12-31 0000731766 us-gaap:ServiceMember 2023-01-01 2023-12-31 0000731766 us-gaap:ServiceMember 2022-01-01 2022-12-31 0000731766 us-gaap:ServiceMember 2021-01-01 2021-12-31 0000731766 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us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2022-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnt [...TRUNCATED...] d long-term debt can be found in Note 8 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” Long-term debt obligations of the parent company do not include other financing obligations at subsidiaries which totaled $ 1.1 billion and $ 0.9 billion at December 31, 2023 and 2022. Maturities of short-term borrowings and long-term debt for the years ending December 31 are as follows: (in millions) 2024 $ 4,088   2025 3,050   2026 2,500   2027 2,925   2028 3,000   Thereafter 47,002   UnitedHealth Group’s parent company had notes payable to subsidiaries of $ 9.9 billion and $ 8.7 billion as of December 31, 2023 and 2022, respectively, which included on-demand features. 4. Commitments and Contingencies Certain regulated subsidiaries are guaranteed by UnitedHealth Group’s parent company in the event of insolvency. UnitedHealth Group’s parent company also provides guarantees related to its service level under certain contracts. None of the amounts accrued, paid or charged to income for service level guarantees were material as of December 31, 2023, 2022 or 2021. For a summary of commitments and contingencies, see Note 12 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” ITEM  16.    FORM 10-K SUMMARY None. 79 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. Dated: February 28, 2024   UNITEDHEALTH GROUP INCORPORATED By /s/    A NDREW W ITTY   Andrew Witty 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.   Signature Title Date /s/ A NDREW W ITTY Director and Chief Executive Officer (principal executive officer) February 28, 2024 Andrew Witty /s/ J OHN R EX Executive Vice President and Chief Financial Officer (principal financial officer) February 28, 2024 John Rex /s/ T HOMAS R OOS Senior Vice President and Chief Accounting Officer (principal accounting officer) February 28, 2024 Thomas Roos * Director February 28, 2024 Charles Baker * Director February 28, 2024 Timothy Flynn * Director February 28, 2024 Paul Garcia * Director February 28, 2024 Kristen Gil * Director February 28, 2024 Stephen Hemsley * Director February 28, 2024 Michele Hooper * Director February 28, 2024 F. William McNabb III * Director February 28, 2024 Valerie Montgomery Rice, M.D. * Director February 28, 2024 John Noseworthy, M.D.   *By /s/ R UPERT B ONDY   Rupert Bondy As Attorney-in-Fact 80

Predict whether the return of XLF 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 XLF starting 2024-03-05 was +2.31%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return +49.5%, annualized vol 65.5%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.37, end=6.53, cumulative_return=+49.5%, annualized_volatility=65.5%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.88, 't10y3m_spread': -0.89, 'breakeven_10y': 2.44, 'hy_oas': 4.17, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 6.5, 'vix': 20.57999992370605}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-01]

Predict whether the return of DOT-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 DOT-USD starting 2023-03-02 was -0.02%, which classifies as 'flat'.


USMV over past 60 days: cumulative return +8.1%, annualized vol 9.4%. Market regime: sideways.

Question:
Asset: USMV
Historical prices (past 60 trading days): start=83.65, end=90.45, cumulative_return=+8.1%, annualized_volatility=9.4%
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': 2.33, 'hy_oas': 2.97, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 19.700000762939453}
Market regime: sideways
Recent filing/news:
[SEC 10-Q WMT 2024-08-30] wmt-20240731 0000104169 1/31 2025 Q2 false xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:JPY wmt:state wmt:county wmt:defendant wmt:case wmt:classAction wmt:securitiesClassAction wmt:shareholder wmt:order wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-07-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-07-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-07-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-07-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-07-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-07-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-07-31 0000104169 2024-08-28 0000104169 2024-05-01 2024-07-31 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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 USMV 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 USMV starting 2024-10-15 was +0.98%, which classifies as 'flat'.


VEA over past 60 days: cumulative return +0.7%, annualized vol 12.3%. Market regime: sideways.

Question:
Asset: VEA
Historical prices (past 60 trading days): start=46.52, end=46.85, cumulative_return=+0.7%, annualized_volatility=12.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.35, 't10y3m_spread': -1.12, 'breakeven_10y': 2.28, 'hy_oas': 3.21, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.86, 'vix': 12.4399995803833}
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 VEA 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 VEA starting 2024-07-01 was +2.93%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +78.0%, annualized vol 48.3%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=302.23, end=537.87, cumulative_return=+78.0%, annualized_volatility=48.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.42, 't10y3m_spread': -1.32, 'breakeven_10y': 2.3, 'hy_oas': 3.2, 'ig_oas': 0.97, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 13.84000015258789}
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 2024-03-13 was -10.87%, which classifies as 'negative'.


MATIC-USD over past 60 days: cumulative return -15.0%, annualized vol 40.1%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=1.05, end=0.89, cumulative_return=-15.0%, annualized_volatility=40.1%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.67, 't10y3m_spread': -1.55, 'breakeven_10y': 2.25, 'hy_oas': 4.58, 'ig_oas': 1.42, 'ted_spread': 0.09, 'mortgage_30y': 6.57, 'vix': 19.13999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-25]

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 2023-05-26 was -35.30%, which classifies as 'negative'.


VCIT over past 60 days: cumulative return -0.6%, annualized vol 6.4%. Market regime: sideways.

Question:
Asset: VCIT
Historical prices (past 60 trading days): start=70.53, end=70.11, cumulative_return=-0.6%, annualized_volatility=6.4%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.91, 't10y3m_spread': -1.65, 'breakeven_10y': 2.36, 'hy_oas': 3.91, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 13.1899995803833}
Market regime: sideways

Predict whether the return of VCIT 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 VCIT starting 2023-07-27 was -1.03%, which classifies as 'negative'.


VTI over past 60 days: cumulative return +6.9%, annualized vol 12.2%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=193.12, end=206.50, cumulative_return=+6.9%, annualized_volatility=12.2%
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': -1.68, 'breakeven_10y': 2.18, 'hy_oas': 4.45, 'ig_oas': 1.36, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 14.25}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-26] ["Is Trending Stock Apple Inc. (AAPL) a Buy Now? Apple (AAPL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this maker of iPhones, iPads and other products have returned +6.4% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 8.7% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Earnings Estimate Revisions Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Apple is expected to post earnings of $1.18 per share for the current quarter, representing a year-over-year change of -1.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%. For the current fiscal year, the consensus earnings estimate of $5.99 points to a change of -2% from the prior year. Over the last 30 days, this estimate has remained unchanged. For the next fiscal year, the consensus earnings estimate of $6.64 indicates a change of +10.8% from what Apple is expected to report a year ago. Over the past month, the estimate has changed -0.1%. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Apple is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: 12 Month EPS Projected Revenue Growth While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period witho

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 2023-06-27 was +3.93%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return -25.6%, annualized vol 58.7%. Market regime: bull.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3511.09, end=2613.36, cumulative_return=-25.6%, annualized_volatility=58.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.17, 't10y3m_spread': -1.44, 'breakeven_10y': 2.08, 'hy_oas': 3.29, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.49, 'vix': 14.800000190734863}
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: negative

Explanation: The actual 21-day forward return for ETH-USD starting 2024-08-19 was -10.57%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return -39.8%, annualized vol 80.5%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=18.05, end=10.87, cumulative_return=-39.8%, annualized_volatility=80.5%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.53, 't10y3m_spread': -0.54, 'breakeven_10y': 2.3, 'hy_oas': 4.81, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 21.670000076293945}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-01]

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 2023-01-02 was +61.44%, which classifies as 'positive'.


EWJ over past 60 days: cumulative return -2.3%, annualized vol 14.7%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=65.30, end=63.82, cumulative_return=-2.3%, annualized_volatility=14.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.29, 't10y3m_spread': -0.99, 'breakeven_10y': 2.32, 'hy_oas': 3.21, 'ig_oas': 0.94, 'ted_spread': 0.09, 'mortgage_30y': 6.86, 'vix': 12.220000267028809}
Market regime: sideways
Recent filing/news:
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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 2024-07-02 was -1.90%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return -28.6%, annualized vol 77.6%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=29.99, end=21.40, cumulative_return=-28.6%, annualized_volatility=77.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.08, 't10y3m_spread': -1.47, 'breakeven_10y': 2.09, 'hy_oas': 3.54, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.47, 'vix': 18.1200008392334}
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 2024-08-14 was +4.42%, which classifies as 'positive'.


CSHI over past 60 days: cumulative return +1.1%, annualized vol 0.8%. Market regime: sideways.

Question:
Asset: CSHI
Historical prices (past 60 trading days): start=43.37, end=43.84, cumulative_return=+1.1%, annualized_volatility=0.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.47, 't10y3m_spread': -1.12, 'breakeven_10y': 2.3, 'hy_oas': 3.92, 'ig_oas': 1.18, 'ted_spread': 0.09, 'mortgage_30y': 7.44, 'vix': 13.40999984741211}
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 2023-11-21 was +0.15%, which classifies as 'flat'.


SGOV over past 60 days: cumulative return +0.6%, annualized vol 0.2%. Market regime: sideways.

Question:
Asset: SGOV
Historical prices (past 60 trading days): start=85.80, end=86.32, cumulative_return=+0.6%, annualized_volatility=0.2%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.66, 't10y3m_spread': -1.17, 'breakeven_10y': 2.22, 'hy_oas': 4.37, 'ig_oas': 1.37, 'ted_spread': 0.09, 'mortgage_30y': 6.48, 'vix': 21.96999931335449}
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 2023-01-10 was +0.25%, which classifies as 'flat'.


XRP-USD over past 60 days: cumulative return -27.4%, annualized vol 68.0%. Market regime: bull.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.72, end=0.52, cumulative_return=-27.4%, annualized_volatility=68.0%
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': -1.01, 'breakeven_10y': 2.32, 'hy_oas': 3.14, 'ig_oas': 0.89, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 12.6899995803833}
Market regime: bull
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: positive

Explanation: The actual 21-day forward return for XRP-USD starting 2024-05-10 was +3.08%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +25.4%, annualized vol 39.2%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=246.48, end=309.00, cumulative_return=+25.4%, annualized_volatility=39.2%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.83, 't10y3m_spread': -0.91, 'breakeven_10y': 2.38, 'hy_oas': 4.28, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.5, 'vix': 21.670000076293945}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-26]

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 2023-02-27 was +9.21%, which classifies as 'positive'.


UNG over past 60 days: cumulative return -31.1%, annualized vol 47.1%. Market regime: sideways.

Question:
Asset: UNG
Historical prices (past 60 trading days): start=31.60, end=21.76, cumulative_return=-31.1%, annualized_volatility=47.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.42, 't10y3m_spread': -1.57, 'breakeven_10y': 2.2, 'hy_oas': 3.71, 'ig_oas': 1.09, 'ted_spread': 0.09, 'mortgage_30y': 6.61, 'vix': 14.039999961853027}
Market regime: sideways

Predict whether the return of UNG 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 UNG starting 2024-01-04 was -16.12%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return +9.6%, annualized vol 26.9%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=26508.22, end=29041.86, cumulative_return=+9.6%, annualized_volatility=26.9%
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': -1.49, 'breakeven_10y': 2.38, 'hy_oas': 4.01, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 6.9, 'vix': 17.100000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-06]

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 2023-08-07 was -10.54%, which classifies as 'negative'.


INDS over past 60 days: cumulative return -6.5%, annualized vol 15.7%. Market regime: bull.

Question:
Asset: INDS
Historical prices (past 60 trading days): start=39.16, end=36.62, cumulative_return=-6.5%, annualized_volatility=15.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.37, 't10y3m_spread': -1.24, 'breakeven_10y': 2.35, 'hy_oas': 3.08, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 13.0600004196167}
Market regime: bull

Predict whether the return of INDS 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 INDS starting 2024-03-25 was -7.93%, which classifies as 'negative'.


XLY over past 60 days: cumulative return +12.3%, annualized vol 18.1%. Market regime: sideways.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=78.11, end=87.73, cumulative_return=+12.3%, annualized_volatility=18.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.35, 't10y3m_spread': -1.52, 'breakeven_10y': 2.16, 'hy_oas': 3.39, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.61, 'vix': 12.449999809265137}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-29] ["2 Overheated Stocks That Could Tumble in 2024 No one can predict what the stock market, or any individual stock, will do in 2024. The stock market surged in 2023, which was probably not on many investors' bingo cards in January. But one thing investors can do is avoid investments where the odds are stacked against them. Paying too high a price for even the best company can lead to subpar results. Two stocks that look far too expensive going into 2024 are Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). Nvidia Nvidia is the leader of artificial intelligence. The company's data center GPUs are selling faster than they can be made. Training advanced large language models, like those that power ChatGPT, requires incredible computational horsepower. Nvidia's proprietary CUDA compute platform has been around since 2007, pairing with its world-class hardware to create a competitive advantage that has been difficult for anyone to overcome so far. While Nvidia may appear untouchable, its days of absolute dominance won't last. If estimates for how big the AI accelerator market will become are close to accurate, there will be mammoth incentives for the tech industry to ensure that there are options beyond Nvidia. AMD expects the market for AI chips to grow nearly tenfold by 2027 to $400 billion. Nvidia's market share is almost certain to shrink as alternatives balloon, and as buyers of AI accelerators optimize for total cost of ownership. Nvidia's growth has been incredible in 2023, and its profits have soared even faster than revenue. The company's profit margins are the highest they've ever been. But the shortage of AI chips won't last forever as competitors race to bring alternatives to market, and neither will the gold rush mentality surrounding AI. Nvidia's software advantage will be chipped away, although that process may take a while. Nvidia is valued at around $1.22 trillion. That's about 40 times the average analyst estimate for earnings. That valuation doesn't seem unreasonable at first glance, but you must be willing to assume that Nvidia's incredible profit margins and growth rate will persist. What if they don't? What if the companies spending big to train large language models find that turning those models into sustainable businesses is tougher than expected? What if competing chips from AMD, Intel, and others provide viable alternatives to Nvidia's pricey products? Taking current growth rates and extrapolating out years is a dangerous thing to do, especially in a very new market. ChatGPT, which kicked off the AI frenzy, has only existed for about a year. If there's any sign that Nvidia is running into trouble in 2024, the stock has a long way to fall. Apple What's Apple's growth story? After a big surge during the pandemic's height, revenue has essentially stagnated in the post-pandemic period. Revenue slipped 1% year over year in the fiscal fourth quarter, which ended on Sept. 30, and an import ban on the Apple Watch isn't going to help ma

Predict whether the return of XLY 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 XLY starting 2024-01-01 was -1.66%, which classifies as 'negative'.


XLE over past 60 days: cumulative return +16.0%, annualized vol 19.9%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=34.91, end=40.50, cumulative_return=+16.0%, annualized_volatility=19.9%
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': -1.45, 'breakeven_10y': 2.33, 'hy_oas': 3.83, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 15.850000381469728}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-10] ["Invest Like Warren Buffett with These Stocks & ETFs (1:30) - How Did Warren Buffett Get Started In Investing? (7:10) - How Has Berkshire Hathaway\u2019s Investing Changed Over The Years? (12:20) - Breaking Down Warren Buffett\u2019s Current Portfolio Holdings (19:30) - Creating Your Own Mini Berkshire Hathaway Portfolio: What Stocks Should You Consider? (23:40) - First Trust RBA American Industrial Renaissance ETF: AIRR (28:50) - Episode Roundup: FAST,MTZ, URI, MOAT, VOO, IVV, SPLG, QUS Podcast@Zacks.com In this episode of ETF Spotlight, I speak with Tracey Ryniec, Zacks Senior Equity Strategist, about investing like Warren Buffett, one of the greatest and most respected investors of all time. Berkshire Hathaway (BRK.A) reported excellent earnings last week, sending its class A shares to an all-time high. The stock is up more than 25,000 times since Buffett took control of the company in 1965, according to Barron's. Most investors would like to emulate Buffett's investing style in their portfolios, which is not easy, but we can certainly learn from his strategies. In the past, Buffett invested in undervalued companies with great potential, which he called \"cigar butts.\" However, his thinking later evolved to \"it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.\" The Oracle of Omaha avoided investing in tech companies earlier in his career but changed his stance later. Apple AAPL, which is now Berkshire's largest stock investment, was praised by Buffett as \"a better business than any we own.\" The SPDR MSCI USA StrategicFactors ETF QUS seeks to invest in high-quality firms with durable balance sheets and stable cash flows, trading at reasonable valuations. The legendary investor likes companies with \"economic moats,\" that allow a company to outperform others in the same industry over time. The VanEck Morningstar Wide Moat ETF MOAT invests in attractively priced companies with sustainable competitive advantages. Buffett has long recommended that most investors should stick with low-cost index funds. The iShares Core S&P 500 ETF IVV and Vanguard S&P 500 ETF VOO charge just 0.03% each, but SPDR Portfolio S&P 500 ETF SPLG's new fee of 0.02% makes it the cheapest in the space. Fastenal FAST, MasTec MTZ and United Rentals URI are among Berkshire-like companies that investors may want to consider. Tune in to the podcast to learn more. Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com. Want key ETF info delivered straight to your inbox? Zacks\u2019 free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Fastenal Company (

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 2023-08-11 was +1.05%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return +339.1%, annualized vol 113.9%. Market regime: bull.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.54, end=2.37, cumulative_return=+339.1%, annualized_volatility=113.9%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.07, 't10y3m_spread': -0.19, 'breakeven_10y': 2.29, 'hy_oas': 2.67, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 14.18000030517578}
Market regime: bull
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 2024-12-11 was -3.24%, which classifies as 'negative'.


ACWI over past 60 days: cumulative return +8.2%, annualized vol 10.2%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=93.76, end=101.46, cumulative_return=+8.2%, annualized_volatility=10.2%
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': -1.12, 'breakeven_10y': 2.34, 'hy_oas': 3.34, 'ig_oas': 0.94, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 15.34000015258789}
Market regime: sideways
Recent filing/news:
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nvda:ComputeAndNetworkingMember 2024-01-28 0001045810 nvda:GraphicsMember 2024-01-28 0 [...TRUNCATED...] mas Expressway, Santa Clara, CA 95051 Item 16. Form 10-K Summary Not Applicable. 83 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 February 21, 2024. NVIDIA Corporation By: /s/ Jen-Hsun Huang    Jen-Hsun Huang   President and Chief Executive Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Jen-Hsun Huang and Colette M. Kress, and each or any one of them, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this report, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-facts and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes or substitutes, may lawfully do or cause to be done by virtue hereof. 84 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. Signature Title Date /s/ JEN-HSUN HUANG  President, Chief Executive Officer and Director (Principal Executive Officer) February 21, 2024 Jen-Hsun Huang   /s/ COLETTE M. KRESS  Executive Vice President and Chief Financial Officer (Principal Financial Officer) February 21, 2024 Colette M. Kress   /s/ DONALD ROBERTSON Vice President and Chief Accounting Officer (Principal Accounting Officer) February 21, 2024 Donald Robertson /s/ ROBERT BURGESS Director February 21, 2024 Robert Burgess /s/ TENCH COXE   Director February 21, 2024 Tench Coxe    /s/ JOHN O. DABIRI Director February 21, 2024 John O. Dabiri   /s/ PERSIS DRELL Director February 21, 2024 Persis Drell /s/ DAWN HUDSON Director February 21, 2024 Dawn Hudson /s/ HARVEY C. JONES  Director February 21, 2024 Harvey C. Jones   /s/ MELISSA B. LORA Director February 21, 2024 Melissa B. Lora /s/ MICHAEL MCCAFFERY Director February 21, 2024 Michael McCaffery /s/ STEPHEN C. NEAL Director February 21, 2024 Stephen C. Neal /s/ MARK L. PERRY  Director February 21, 2024 Mark L. Perry    /s/ A. BROOKE SEAWELL Director February 21, 2024 A. Brooke Seawell  /s/ AARTI SHAH Director February 21, 2024 Aarti Shah /s/ MARK STEVENS Director February 21, 2024 Mark Stevens    85

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 2024-02-22 was +2.80%, which classifies as 'positive'.