IWM over past 60 days: cumulative return +5.9%, annualized vol 20.1%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=169.82, end=179.88, cumulative_return=+5.9%, annualized_volatility=20.1%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.91, 't10y3m_spread': -1.53, 'breakeven_10y': 2.21, 'hy_oas': 4.18, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 13.880000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-14] ["The Zacks Analyst Blog Highlights Apple, UnitedHealth, Eli Lilly, Walmart and Becton, Dickinson For Immediate Release Chicago, IL \u2013 June 14, 2023 \u2013 Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. AAPL, UnitedHealth Group Incorporated UNH, Eli Lilly and Company LLY, Walmart Inc. WMT and Becton, Dickinson and Company BDX. Here are highlights from Tuesday\u2019s Analyst Blog: Top Stock Reports for Apple, UnitedHealth & Eli Lilly The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc., UnitedHealth Group Incorporated and Eli Lilly and Company. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today\u2019s research reports here >>> Apple shares have outperformed the Zacks Tech sector (+40.4% vs. +34.9%) as well as the broader market (+40.4% vs. +14.1%) this year. The company is benefiting from steady demand for iPhone 14 and 14 Plus as well as expanding footprint in emerging markets. Growing services subscriber base and improving customer engagement are tailwinds for the services business. Apple is expanding service offerings with the new features and enhancements in its upcoming iOS 17, iPadOS 17, macOS Sonoma, watchOS 10, and tvOS 17. Expanding content on Apple TV+ bodes well for Apple. Growing footprint in enterprise market is encouraging. However, services\u2019 revenue growth in the fiscal third quarter is expected to be similar to the fiscal second quarter. Apple expects services to be negatively impacted by challenging macroeconomic conditions, as well as continued weakness in digital advertising and mobile gaming. (You can read the full research report on Apple here >>>) Shares of UnitedHealth have gained +8.2% over the past year against the Zacks Medical - HMOs industry\u2019s gain of +10.0%. Company\u2019s top line remains well-poised for growth on the back of a strong market position, new deals, renewed agreements, and expansion of service offerings. The Zacks analyst expect the top line to grow 11.1% year over year in 2023. Its solid health services segment provides diversification benefits. The Government business remains well-poised for growth. A sturdy balance sheet enables business investments and prudent deployment of capital. However, membership in its global business continues to decline. High operating costs are hurting margins. As such, the stock warrants a cautious stance. (You can read the full research report on UnitedHealth here >>>) Eli Lilly shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+55.0% vs. +19.1%). The company boasts a solid portfolio of core drugs in diabetes, autoimmun

Predict whether the return of IWM 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 IWM starting 2023-06-15 was +2.18%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return +25.1%, annualized vol 44.3%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1250.44, end=1564.47, cumulative_return=+25.1%, annualized_volatility=44.3%
Macro context: {'fed_funds_rate': 4.57, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.89, 't10y3m_spread': -0.94, 'breakeven_10y': 2.52, 'hy_oas': 4.05, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 6.65, 'vix': 18.489999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-05]

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 2023-03-06 was +9.45%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +89.7%, annualized vol 67.3%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=305.82, end=580.15, cumulative_return=+89.7%, annualized_volatility=67.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.32, 't10y3m_spread': -1.22, 'breakeven_10y': 2.32, 'hy_oas': 3.15, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 13.239999771118164}
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 2024-03-27 was -6.98%, which classifies as 'negative'.


EEM over past 60 days: cumulative return +2.3%, annualized vol 15.7%. Market regime: bull.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=40.97, end=41.92, cumulative_return=+2.3%, annualized_volatility=15.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.13, 't10y3m_spread': -1.47, 'breakeven_10y': 2.07, 'hy_oas': 3.27, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.49, 'vix': 16.270000457763672}
Market regime: bull
Recent filing/news:
[SEC 10-Q UNH 2024-08-09] unh-20240630 false 2024 Q2 0000731766 12/31 50 xbrli:shares iso4217:USD iso4217:USD xbrli:shares utr:Rate xbrli:pure unh:reportableSegments 0000731766 2024-01-01 2024-06-30 0000731766 2024-07-31 0000731766 2024-06-30 0000731766 2023-12-31 0000731766 2024-04-01 2024-06-30 0000731766 2023-04-01 2023-06-30 0000731766 2023-01-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-04-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-04-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-01-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-01-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-04-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-04-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-01-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-01-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2024-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000731766 us-gaap:RetainedEarningsMember 2024-03-31 0000731766 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us-gaap:NoncontrollingInterestMember 2024-06-30 0000731766 us-gaap:CommonStockMember 2023-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000731766 us-gaap:RetainedEarningsMember 2023-03-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-03-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-03-31 0000731766 us-gaap:NoncontrollingInterestMember 2023-03-31 0000731766 2023-03-31 0000731766 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-04-01 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-04-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0000731766 us-gaap:RetainedEarningsMember 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-06-30 0000731766 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-12-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000731766 us-gaap:RetainedEarningsMember 2023-12-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-12-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000731766 us-gaap:NoncontrollingInterestMember 2023-12-31 0000731766 us-gaap:RetainedEarningsMember 2024-01-01 2024-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-01-01 2024-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-06-30 0000731766 us-gaap:CommonStockMember 2022-12-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000731766 us-gaap:RetainedEarningsMember 2022-12-31 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2022-12-31 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000731766 us-gaap:NoncontrollingInterestMember 2022-12-31 0000731766 2022-12-31 0000731766 us-gaap:RetainedEarningsMember 2023-01-01 2023-06-30 0000731766 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-06-30 0000731766 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-01-01 2023-06-30 0000731766 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2023-01-01 2023-06-30 0000731766 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-06-30 0000731766 unh:ProductsAndServicesMember 2024-06-30 0000731766 unh:ProductsAndServicesMember 2023-12-31 0000731766 2024-07-01 2024-06-30 0000731766 us-gaap:USTreasuryAndGovernmentMember 2024-06-30 0000731766 us-gaap:USStatesAndPoliticalSubdivisionsMember 2024-06-30 0000731766 us-gaap:CorporateDebtSecuritiesMember 2024-06-30 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2024-06-30 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember 2024-06-30 0000731766 us-gaap:USTreasuryAndGovernmentMember 2023-12-31 0000731766 us-gaap:USStatesAndPoliticalSubdivisionsMember 2023-12-31 0000731766 us-gaap:CorporateDebtSecuritiesMember 2023-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember 2023-12-31 0000731766 us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember 2023-12-31 0000731766 us-gaap:DebtSecuritiesMember 2024-06-30 0000731766 us-gaap:DebtSecuritiesMember 2023-12-31 0000731766 us-gaap:FairValueInputsLevel1Member 2024-06-30 0000731766 us-gaap:FairValueInputsLevel2Member 2024-06-30 0000731766 us-gaap:FairValueInputsLevel3Member 2024-06-30 0000731766 us-gaap:Fair [...TRUNCATED...] ncorporation of UnitedHealth Group Incorporated (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form 8-A/A filed on July 1, 2015) 3.2 Amended and Restated Bylaws of UnitedHealth Group Incorporated, effective February 23, 2021 (incorporated by reference to Exhibit 3.2 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on February 26, 2021) 4.1 Amended and Restated Indenture, dated as of April 27, 2023, between UnitedHealth Group Incorporated and Wilmington Trust Company, as successor trustee (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 28, 2023) 4.2 Indenture, dated as of February 4, 2008, between UnitedHealth Group Incorporated and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement on Form S-3, SEC File Number 333-149031, filed on February 4, 2008) 4.3 Supplemental Indenture, dated as of April 18, 2023, between UnitedHealth Group Incorporated and U.S. Bank Trust Company, National Association, as trustee, relating to the 6.875% Senior Notes due 2038 (incorporated by reference to Exhibit 4.1 to UnitedHealth Group Incorporated’s Current Report on Form 8-K filed on April 24, 2023) 31.1 Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101.INS 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 Document. 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document. 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document. 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document. 104  Cover Page Interactive Data File (formatted as Inline XBRL and embedded within Exhibit 101).  ________________ * Pursuant to Item 601(b)(4)(iii) of Regulation S-K, copies of instruments defining the rights of certain holders of long-term debt are not filed. The Company will furnish copies thereof to the SEC upon request. 27 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.   UNITEDHEALTH GROUP INCORPORATED   /s/ A NDREW W ITTY Chief Executive Officer (principal executive officer) Dated: August 9, 2024 Andrew Witty    /s/ J OHN R EX President and Chief Financial Officer (principal financial officer) Dated: August 9, 2024 John Rex    /s/ T HOMAS R OOS Senior Vice President and Chief Accounting Officer (principal accounting officer) Dated: August 9, 2024 Thomas Roos    28

Predict whether the return of EEM 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 EEM starting 2024-08-22 was +1.32%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return -20.2%, annualized vol 60.8%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=17.44, end=13.92, cumulative_return=-20.2%, annualized_volatility=60.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.15, 't10y3m_spread': -1.16, 'breakeven_10y': 2.29, 'hy_oas': 3.02, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 14.720000267028809}
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 2024-07-24 was -22.35%, which classifies as 'negative'.


XLK over past 60 days: cumulative return +18.6%, annualized vol 19.6%. Market regime: sideways.

Question:
Asset: XLK
Historical prices (past 60 trading days): start=68.52, end=81.27, cumulative_return=+18.6%, annualized_volatility=19.6%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.72, 't10y3m_spread': -1.68, 'breakeven_10y': 2.16, 'hy_oas': 4.65, 'ig_oas': 1.42, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 15.649999618530272}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-01] ["GRAPHIC-Nvidia runaway winner in market cap addition in May June 1 (Reuters) - Nvidia Corp's NVDA.OQ market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data. The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate The company's shares are up 159% so far this year. Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, a key manufacturer of Nvidia's chips, also saw a big jump in its market cap last month. Saudi Arabian Oil 2222.SE and Exxon Mobil Corp XOM.N were the biggest losers in terms of market cap, hit by a decline in oil prices last month. Apple AAPL.OQ and Microsoft MSFT.OQ led the list with the highest market capitalisation in the world. Top 20 companies in the world by market cap https://tmsnrt.rs/45JVJXt Change in market cap in May https://tmsnrt.rs/3qgKBRH (Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Sriraj Kalluvila) ((patturaja.muruga@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.", "Meta's Zuckerberg unveils Quest 3 mixed reality headset NEW YORK, June 1 (Reuters) - Meta Platforms META.O CEO Mark Zuckerberg revealed the company's next generation mixed reality headset, the Quest 3, in an Instagram post on Thursday as part of its annual gaming conference. The announcement came less than a week before tech rival Apple AAPL.O was expected to unveil its first mixed reality device, which combines augmented and virtual reality elements. Meta currently dominates the market for AR/VR devices, with a nearly 80% share of the 8.8 million headsets sold in 2022, according to an estimate by market research firm IDC. (Reporting by Katie Paul; Editing by Lisa Shumaker) ((Katie.Paul@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.", "Meta's Zuckerberg unveils Quest 3 mixed reality headset By Katie Paul NEW YORK, June 1 (Reuters) - Meta Platforms META.O CEO Mark Zuckerberg revealed the company's next generation mixed reality headset, the Quest 3, in an Instagram post on Thursday as part of its annual gaming conference. Priced starting at $499, the device will be 40% thinner than the company's previous device and feature color mixed reality, which combines augmented and virtual reality elements, Zuckerberg said in his post. The Quest 3 also will have a new Qualcomm chipset with twice the graphics performance, Zuckerberg said, and promised more details at the company's virtual reality conference in September. Zuckerberg's announcement came less than a week before tech rival

Predict whether the return of XLK 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 XLK starting 2023-06-02 was +4.17%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return +6.3%, annualized vol 78.9%. Market regime: bull.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=149.45, end=158.91, cumulative_return=+6.3%, annualized_volatility=78.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.09, 't10y3m_spread': -1.44, 'breakeven_10y': 2.13, 'hy_oas': 3.19, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.46, 'vix': 15.859999656677246}
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

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 2024-08-26 was -16.39%, which classifies as 'negative'.


LINK-USD over past 60 days: cumulative return -10.2%, annualized vol 70.9%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=14.64, end=13.14, cumulative_return=-10.2%, annualized_volatility=70.9%
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': -1.42, 'breakeven_10y': 2.22, 'hy_oas': 3.68, 'ig_oas': 1.09, 'ted_spread': 0.09, 'mortgage_30y': 6.62, 'vix': 13.350000381469728}
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 2024-01-08 was +5.87%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return -34.1%, annualized vol 78.1%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=30.98, end=20.43, cumulative_return=-34.1%, annualized_volatility=78.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.11, 't10y3m_spread': -1.39, 'breakeven_10y': 2.1, 'hy_oas': 3.49, 'ig_oas': 1.05, 'ted_spread': 0.09, 'mortgage_30y': 6.47, 'vix': 20.3700008392334}
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 2024-08-12 was +5.07%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return +19.3%, annualized vol 31.4%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.51, end=0.61, cumulative_return=+19.3%, annualized_volatility=31.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.31, 't10y3m_spread': -0.87, 'breakeven_10y': 2.4, 'hy_oas': 4.15, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 15.65999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-02]

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 2023-11-03 was +1.45%, which classifies as 'positive'.


IWM over past 60 days: cumulative return +12.7%, annualized vol 21.7%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=171.32, end=193.16, cumulative_return=+12.7%, annualized_volatility=21.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.45, 't10y3m_spread': -1.51, 'breakeven_10y': 2.22, 'hy_oas': 3.47, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.479999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-14] ["3 No-Brainer Dividend Stocks to Buy and Hold for 20 Years Successful investing is not as complicated as some make it out to be. Sticking with the brands you use every day, and holding for many years, is a great place to start. Top stocks, such as Apple (NASDAQ: AAPL), Starbucks (NASDAQ: SBUX), and Costco Wholesale (NASDAQ: COST), have a long record of beating the market's average return. The best part is that these companies are so consistent in generating profitable growth from their businesses that they dish out a steady stream of growing dividends to shareholders. Let's find out more why three Motley Fool contributors believe these stocks are no-brainer buys for the next 20 years. Apple has massive cash resources to fund a growing dividend John Ballard (Apple): Investors shouldn't focus only on buying stocks with high yields, since companies that pay high yields are either struggling financially or lacking growth. A smart way to build up dividend income you'll need for retirement is focusing on companies that offer dividend growth. A company that has a long record of raising its dividend payment usually reflects growing demand for the company's products. Moreover, a multiyear record of dividend increases reflects management's confidence in the future of the company. Apple is a great example. Over the past 10 years, its annual dividend grew by 130%, or more than double its fiscal 2013 dividend payment. It has increased the dividend for 12 consecutive years, and because it only pays out 14% of its earnings, Apple can continue increasing the dividend even if earnings are down during an investment year or recession. While the dividend yield on Apple stock is below average at just 0.49% right now, its yield could increase over the next two decades. If Apple doubles its dividend in each decade through 2043, investors who buys shares today could potentially earn a dividend yield on their cost basis approaching 2%. If Apple also doubles its payout closer to 30% of its earnings, the yield could approach 4%. Apple has attractive long-term growth prospects. It should continue to grow through expanding its installed base of active devices, launching new products (e.g., Vision Pro in 2024), and continuing to expand its services business, which should be a great source of profitable growth to help fund future dividend increases. The iPhone, which makes up half of the company's annual revenue, has made Apple one of the most profitable companies in the world. Apple generated $99 billion in free cash flow on $383 billion of revenue over the past year. The resources it has will pave the way for more new products, more profitable growth, and growing dividends for years to come. A buy-on-the-dip dividend opportunity Jennifer Saibil (Starbucks): Starbucks doesn't have any competition as the leader in coffee shops, and it's opening new stores, innovating with beverages, and making other important changes to keep its top spot. The company hired a new CEO this year

Predict whether the return of IWM 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 IWM starting 2023-12-15 was -1.57%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +0.5%, annualized vol 48.0%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=598.67, end=601.85, cumulative_return=+0.5%, annualized_volatility=48.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.24, 't10y3m_spread': -1.18, 'breakeven_10y': 2.32, 'hy_oas': 3.09, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 16.520000457763672}
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 2024-07-22 was -11.80%, which classifies as 'negative'.


XLB over past 60 days: cumulative return +9.7%, annualized vol 13.9%. Market regime: sideways.

Question:
Asset: XLB
Historical prices (past 60 trading days): start=36.23, end=39.75, cumulative_return=+9.7%, annualized_volatility=13.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.21, 't10y3m_spread': -1.34, 'breakeven_10y': 2.3, 'hy_oas': 3.41, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.600000381469728}
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-09] ["Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now? The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailin

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

Answer: positive

Explanation: The actual 21-day forward return for XLB starting 2024-01-30 was +5.11%, which classifies as 'positive'.


MORT over past 60 days: cumulative return +1.9%, annualized vol 23.5%. Market regime: sideways.

Question:
Asset: MORT
Historical prices (past 60 trading days): start=8.32, end=8.47, cumulative_return=+1.9%, annualized_volatility=23.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.29, 't10y3m_spread': -1.26, 'breakeven_10y': 2.24, 'hy_oas': 3.35, 'ig_oas': 1.0, 'ted_spread': 0.09, 'mortgage_30y': 6.64, 'vix': 13.93000030517578}
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: positive

Explanation: The actual 21-day forward return for MORT starting 2024-02-13 was +4.32%, which classifies as 'positive'.


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

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=152.77, end=170.11, cumulative_return=+11.4%, annualized_volatility=9.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.26, 't10y3m_spread': -1.27, 'breakeven_10y': 2.26, 'hy_oas': 3.09, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.89, 'vix': 14.479999542236328}
Market regime: sideways
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of QUAL 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 QUAL starting 2024-07-18 was +1.49%, which classifies as 'positive'.


ICSH over past 60 days: cumulative return +1.0%, annualized vol 0.5%. Market regime: sideways.

Question:
Asset: ICSH
Historical prices (past 60 trading days): start=44.36, end=44.79, cumulative_return=+1.0%, annualized_volatility=0.5%
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': 2.28, 'hy_oas': 3.92, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 14.15999984741211}
Market regime: sideways

Predict whether the return of ICSH 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 ICSH starting 2023-11-15 was +0.45%, which classifies as 'flat'.


DOT-USD over past 60 days: cumulative return -0.6%, annualized vol 44.6%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=5.25, end=5.22, cumulative_return=-0.6%, annualized_volatility=44.6%
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': 2.38, 'hy_oas': 3.82, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 13.90999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-24]

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 2023-07-25 was -7.03%, which classifies as 'negative'.


SLV over past 60 days: cumulative return +5.8%, annualized vol 26.2%. Market regime: sideways.

Question:
Asset: SLV
Historical prices (past 60 trading days): start=21.76, end=23.02, cumulative_return=+5.8%, annualized_volatility=26.2%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.58, 't10y3m_spread': -1.61, 'breakeven_10y': 2.32, 'hy_oas': 4.41, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.27, 'vix': 16.950000762939453}
Market regime: sideways

Predict whether the return of SLV 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 SLV starting 2023-04-18 was -5.75%, which classifies as 'negative'.


XLU over past 60 days: cumulative return -0.1%, annualized vol 19.3%. Market regime: sideways.

Question:
Asset: XLU
Historical prices (past 60 trading days): start=29.56, end=29.51, cumulative_return=-0.1%, annualized_volatility=19.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.48, 't10y3m_spread': -1.33, 'breakeven_10y': 2.14, 'hy_oas': 3.79, 'ig_oas': 1.12, 'ted_spread': 0.09, 'mortgage_30y': 7.22, 'vix': 12.970000267028809}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-06] ["ROKU Collaborates With Tennis Channel to Launch T2 in the US Roku Inc. ROKU has announced a collaboration with Tennis Channel to launch T2, the sports network's second channel, on The Roku Channel in the United States. T2 is set to provide free and year-round access to live coverage of top tennis players and signature events for the vast audience of The Roku Channel, reaching an estimated 100 million people. For convenient access, viewers can easily navigate T2 through the Sports Experience on Roku's Home Screen. This feature simplifies the discovery and access of live, upcoming and on-demand sports content, enhancing engagement and awareness for Roku's content partners while providing a personalized viewing experience. T2's yearly live and encore calendar aligns with most tournaments covered by Tennis Channel, showcasing different matches and players. This unique approach allows viewers with access to both channels to choose between simultaneous competitions from prestigious events, such as the BNP Paribas Open, Roland Garros, Miami Open, Monte-Carlo Masters, Italian Open, Canadian Open, Davis Cup and the Billie Jean King Cup. Shares of this Zacks Rank #3 (Hold) company have gained 158.5% year to date compared with the Zacks Consumer Discretionary sector\u2019s rise of 12.4% due to its extensive collection of content. You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. Roku, Inc. Price and Consensus Roku, Inc. price-consensus-chart | Roku, Inc. Quote ROKU\u2019s Recent Efforts to Boost Streaming Hours The company recently unveiled two fresh additions to the Roku Home Screen, such as All Things Food and All Things Home. These new destinations bring together top-notch food, home and lifestyle content from various sources on the platform, creating seamless and engaging discovery experiences. These new features are expected to boost streaming hours as well as platform revenues in the upcoming quarters. The Zacks Consensus Estimate for ROKU\u2019s 2023 streaming hours is pegged at 105.33 billion, indicating a year-over-year increase of 340.7%. The consensus estimate for 2023 platform revenues is pegged at $2.9 billion, indicating a year-over-year increase of 7.38%. Designed for user convenience, these hubs offer straightforward navigation and personalized recommendations, simplifying the exploration and viewing of genre entertainment directly from the home screen. Both All Things Food and All Things Home will showcase a diverse array of streaming options within their respective categories, encompassing free and subscription-based services, live and linear TV, Premium Subscriptions, Roku Originals and more. These features were added due to a recent survey commissioned by Roku. This recent survey revealed that 64% of streamers rely on genre-based searches when looking for new content, emphasizing the significance of genre preferences in content discovery. According to the survey, nearly 73% of streamers feel that the

Predict whether the return of XLU 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 XLU starting 2023-12-07 was +2.53%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return +16.4%, annualized vol 18.3%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=294.00, end=342.33, cumulative_return=+16.4%, annualized_volatility=18.3%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.74, 't10y3m_spread': -1.54, 'breakeven_10y': 2.23, 'hy_oas': 4.54, 'ig_oas': 1.41, 'ted_spread': 0.09, 'mortgage_30y': 6.57, 'vix': 17.950000762939453}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-26] ["Alphabet CEO Sundar Pichai Commits to \"AI Pact\": What Does This Really Mean? The world of artificial intelligence (AI) is moving at a breakneck speed, and top corporate and political leaders are trying to safely guide its evolution. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) CEO Sundar Pichai met with European Commissioner for the internal market Thierry Breton on Wednesday to discuss the progression of AI and map out possible actions to help ensure the emerging technology doesn't get out of hand. In the meeting, Pichai promised that his company would join an \"AI pact\" and collaborate with other players in the artificial intelligence space on a volunteer basis to shape and abide by guidelines for tech development. But while there's seemingly a lot to like about the prospect of guardrails being put on AI, it's not clear that voluntary pacts or even strict laws will be able to address many of the potential problems that could arise. Could an AI pact help stave off potential disasters? While detailed specifics of what rules and guidelines members of an AI pact would be adhering to haven't been made available, Pichai's discussion with other members of the European Commission suggest that privacy standards and fighting misinformation could be key focuses. The rapid progression for artificial intelligence tech over the last year is unprecedented, and continued advances could be unwieldy. Because legislative bodies can be slow to act and laws vary between territories, it could be important for technology leaders to attempt to establish some kind of presiding framework for artificial intelligence initiatives. Taking a proactive approach to the problems and questions raised by incredible leaps forward for artificial intelligence could help minimize the possibility of disastrous outcomes stemming from the tech. The AI pact mentioned by Pichai at the meeting with Breton seems to be a step in this direction. But there's a risk that rules surrounding AI might not amount to much. For one, it's possible that voluntary AI guidelines and restrictions will be followed very loosely or only in the most nominal senses. It's also possible that those who don't abide by rules for the artificial intelligence project, whether self-imposed or through regulations, could actually gain significant competitive advantages. Controlling AI could be incredibly difficult The European Parliament is currently finalizing a new set of rules and restrictions that will govern AI technologies. The EU AI Act isn't officially law yet, but it's seemingly headed in that direction and could be a landmark response that plays a big role in the tech's evolution in Europe. But it might not be enough, and it may have unintended consequences. Developing ways to work around restrictions could be incentivized by the proposed regulations, and the speed at which AI tech has been progressing will make it difficult for regulators to keep up. Additionally, there are already signs that influential player

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 2023-05-30 was +4.09%, which classifies as 'positive'.


DBA over past 60 days: cumulative return -2.0%, annualized vol 8.9%. Market regime: sideways.

Question:
Asset: DBA
Historical prices (past 60 trading days): start=17.70, end=17.34, cumulative_return=-2.0%, annualized_volatility=8.9%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.69, 't10y3m_spread': -1.12, 'breakeven_10y': 2.21, 'hy_oas': 4.47, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.48, 'vix': 21.1299991607666}
Market regime: sideways

Predict whether the return of DBA 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 DBA starting 2023-01-09 was +2.19%, which classifies as 'positive'.


FXI over past 60 days: cumulative return +2.2%, annualized vol 28.2%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=25.39, end=25.96, cumulative_return=+2.2%, annualized_volatility=28.2%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.79, 't10y3m_spread': -1.65, 'breakeven_10y': 2.2, 'hy_oas': 4.39, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 13.649999618530272}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-08] ["US STOCKS-Wall Street ends up amid record low volatility ahead of eventful week By Shristi Achar A and David Carnevali June 8 (Reuters) - U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. The CBOE Volatility index .VIX, also known as Wall Street's fear gauge, dropped to a fresh post-pandemic record low. \"What you are really seeing in the vol market is an unwillingness to engage,\" said David Bianco, Americas chief investment officer for asset manager DWS Group. \"You've just got paralysis in investors.\" Investors were sitting on the sidelines ahead of inflation data and a Federal Reserve policy meeting next week. Traders have priced in a 73% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range during its monetary policy meeting on June 13-14, according to CMEGroup's Fedwatch tool. However, they see a 50% chance of a rate hike in July. The two-year Treasury yield US2YT=RR, which tends to move in step with short-term rate expectations, slipped from one-week highs to 4.51% after a sharp jump in weekly jobless claims signaled a softening labor market. The U.S. Labor Department is due to release inflation data on June 13, the first day of the Fed meeting. The numbers are expected to show consumer prices cooled slightly in May but core prices remained sticky. Meanwhile, a rebound by technology and megacap stocks helped major indexes regain their footing amid thin volumes. Heavyweight Amazon.com Inc AMZN.O gained 2.49% as Wells Fargo initiated coverage on the company with an \"overweight\" rating, while Nvidia Corp NVDA.O, Apple Inc AAPL.O and Tesla Inc TSLA.O rose between 1.55% and 4.58%. GameStop Corp GME.N tanked 17.89% as billionaire investor Ryan Cohen took over as executive chairman after the video-game retailer ousted its CEO and posted a bigger-than-expected quarterly loss. The Dow Jones Industrial Average .DJI rose 168.59 points, or 0.5%, to 33,833.61, the S&P 500 .SPX gained 26.41 points, or 0.62%, to 4,293.93 and the Nasdaq Composite .IXIC added 133.63 points, or 1.02%, to 13,238.52. Among the 11 major S&P sectors, consumer discretionary .SPLRCD led the charge, while real estate .SPLRCR and energy .SPNY indexes slipped, with the latter being hit by a drop in oil prices. Adobe ADBE.O jumped 4.95% after Piper Sandler raised its prices target on the stock to $500. The Photoshop software maker said it was offering its AI tool \"Firefly\" to large businesses. Lucid Group LCID.O tumbled 1.88% after the U.S. luxury electric-vehicle maker's head of China operations, Zhu Jiang, said the company was preparing to enter the world's largest auto market. Advancing issues outnumbered declining ones on the NYSE by a 1.16-to-1 ratio; on Nasdaq, a 1.02-to-1 ratio favored advancers. The S&P 500 posted 12 new 52-week highs and two new lows; the Nasdaq Composite reco

Predict whether the return of FXI 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 FXI starting 2023-06-09 was -2.37%, which classifies as 'negative'.


XLP over past 60 days: cumulative return +8.0%, annualized vol 10.0%. Market regime: sideways.

Question:
Asset: XLP
Historical prices (past 60 trading days): start=73.56, end=79.47, cumulative_return=+8.0%, annualized_volatility=10.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.02, 't10y3m_spread': -1.42, 'breakeven_10y': 2.03, 'hy_oas': 3.29, 'ig_oas': 0.99, 'ted_spread': 0.09, 'mortgage_30y': 6.35, 'vix': 19.89999961853028}
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 0000104169 2023-05-01 2023-07-31 0000104169 2023-02-01 2023-07-31 0000104169 2024-07-31 0000104169 2024-01-31 0000104169 2023-07-31 0000104169 us-gaap:CommonStockMember 2024-01-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2024-01-31 0000104169 us-gaap:RetainedEarningsMember 2024-01-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-31 0000104169 us-gaap:ParentMember 2024-01-31 0000104169 us-gaap:NoncontrollingInterestMember 2024-01-31 0000104169 us-gaap:RetainedEarningsMember 2024-02-01 2024-04-30 0000104169 us-gaap:ParentMember 2024-02-01 2024-04-30 0000104169 us-gaap:NoncontrollingInterestMember 2024-02-01 2024-04-30 0000104169 2024-02-01 2024-04-30 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-02-01 2024-04-30 0000104169 us-gaap:CommonStockMember 2024-02-01 2024-04-30 0000104169 us-gaap:AdditionalPaidInCapitalMember 2024-02-01 2024-04-30 0000104169 us-gaap:CommonStockMember 2024-04-30 0000104169 us-gaap:AdditionalPaidInCapitalMember 2024-04-30 0000104169 us-gaap:RetainedEarningsMember 2024-04-30 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-04-30 0000104169 us-gaap:ParentMember 2024-04-30 0000104169 us-gaap:NoncontrollingInterestMember 2024-04-30 0000104169 2024-04-30 0000104169 us-gaap:RetainedEarningsMember 2024-05-01 2024-07-31 0000104169 us-gaap:ParentMember 2024-05-01 2024-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2024-05-01 2024-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-05-01 2024-07-31 0000104169 us-gaap:CommonStockMember 2024-05-01 2024-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2024-05-01 2024-07-31 0000104169 us-gaap:CommonStockMember 2024-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2024-07-31 0000104169 us-gaap:RetainedEarningsMember 2024-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-31 0000104169 us-gaap:ParentMember 2024-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2024-07-31 0000104169 us-gaap:CommonStockMember 2023-01-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-01-31 0000104169 us-gaap:RetainedEarningsMember 2023-01-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-31 0000104169 us-gaap:ParentMember 2023-01-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-01-31 0000104169 2023-01-31 0000104169 us-gaap:RetainedEarningsMember 2023-02-01 2023-04-30 0000104169 us-gaap:ParentMember 2023-02-01 2023-04-30 0000104169 us-gaap:NoncontrollingInterestMember 2023-02-01 2023-04-30 0000104169 2023-02-01 2023-04-30 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-02-01 2023-04-30 0000104169 us-gaap:CommonStockMember 2023-02-01 2023-04-30 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-02-01 2023-04-30 0000104169 us-gaap:CommonStockMember 2023-04-30 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-04-30 0000104169 us-gaap:RetainedEarningsMember 2023-04-30 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-30 0000104169 us-gaap:ParentMember 2023-04-30 0000104169 us-gaap:NoncontrollingInterestMember 2023-04-30 0000104169 2023-04-30 0000104169 us-gaap:RetainedEarningsMember 2023-05-01 2023-07-31 0000104169 us-gaap:ParentMember 2023-05-01 2023-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-05-01 2023-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-05-01 2023-07-31 0000104169 us-gaap:CommonStockMember 2023-05-01 2023-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-05-01 2023-07-31 0000104169 us-gaap:CommonStockMember 2023-07-31 0000104169 us-gaap:AdditionalPaidInCapitalMember 2023-07-31 0000104169 us-gaap:RetainedEarningsMember 2023-07-31 0000104169 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-31 0000104169 us-gaap:ParentMember 2023-07-31 0000104169 us-gaap:NoncontrollingInterestMember 2023-07-31 0000104169 2024-02-23 2024-02-23 0000104169 2024-02-23 0000104169 srt:MinimumMember 2024-07-31 0000104169 srt:MaximumMember 2024-07-31 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-31 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-31 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2024-02-01 2024-04-30 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-02-01 2024-04-30 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2024-04-30 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-04-30 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2024-05-01 2024-07-31 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-05-01 2024-07-31 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2024-07-31 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-07-31 0000104169 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-31 0000104169 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-01-31 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 XLP 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 XLP starting 2024-09-06 was -2.29%, which classifies as 'negative'.


MATIC-USD over past 60 days: cumulative return -11.0%, annualized vol 62.6%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=1.25, end=1.11, cumulative_return=-11.0%, annualized_volatility=62.6%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.6, 't10y3m_spread': -1.61, 'breakeven_10y': 2.29, 'hy_oas': 4.63, 'ig_oas': 1.44, 'ted_spread': 0.09, 'mortgage_30y': 6.28, 'vix': 19.100000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-11]

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

Answer: negative

Explanation: The actual 21-day forward return for MATIC-USD starting 2023-04-12 was -9.37%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return -10.9%, annualized vol 26.5%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=30620.77, end=27297.27, cumulative_return=-10.9%, annualized_volatility=26.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.78, 't10y3m_spread': -1.44, 'breakeven_10y': 2.26, 'hy_oas': 3.8, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 7.23, 'vix': 13.880000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-30]

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 2023-08-31 was +2.45%, which classifies as 'positive'.


WEAT over past 60 days: cumulative return -1.4%, annualized vol 25.9%. Market regime: sideways.

Question:
Asset: WEAT
Historical prices (past 60 trading days): start=29.35, end=28.95, cumulative_return=-1.4%, annualized_volatility=25.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.48, 't10y3m_spread': -1.24, 'breakeven_10y': 2.19, 'hy_oas': 3.79, 'ig_oas': 1.1, 'ted_spread': 0.09, 'mortgage_30y': 7.03, 'vix': 12.630000114440918}
Market regime: sideways

Predict whether the return of WEAT 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 WEAT starting 2023-12-12 was -2.19%, which classifies as 'negative'.


DOT-USD over past 60 days: cumulative return +62.8%, annualized vol 63.5%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.45, end=7.25, cumulative_return=+62.8%, annualized_volatility=63.5%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.72, 't10y3m_spread': -0.91, 'breakeven_10y': 2.42, 'hy_oas': 4.49, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 22.8700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-21]

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 2023-02-22 was -18.06%, which classifies as 'negative'.


DOT-USD over past 60 days: cumulative return -1.1%, annualized vol 44.8%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.16, end=4.12, cumulative_return=-1.1%, annualized_volatility=44.8%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.15, 't10y3m_spread': -0.22, 'breakeven_10y': 2.38, 'hy_oas': 2.74, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.72, 'vix': 16.270000457763672}
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 2024-11-07 was +107.08%, which classifies as 'positive'.


DBB over past 60 days: cumulative return -1.5%, annualized vol 14.8%. Market regime: sideways.

Question:
Asset: DBB
Historical prices (past 60 trading days): start=15.98, end=15.74, cumulative_return=-1.5%, annualized_volatility=14.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.48, 't10y3m_spread': -1.21, 'breakeven_10y': 2.21, 'hy_oas': 3.75, 'ig_oas': 1.1, 'ted_spread': 0.09, 'mortgage_30y': 7.03, 'vix': 12.350000381469728}
Market regime: sideways

Predict whether the return of DBB 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 DBB starting 2023-12-11 was +3.06%, which classifies as 'positive'.


EEM over past 60 days: cumulative return +0.5%, annualized vol 18.7%. Market regime: bull.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=42.04, end=42.24, cumulative_return=+0.5%, annualized_volatility=18.7%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.14, 't10y3m_spread': -0.03, 'breakeven_10y': 2.32, 'hy_oas': 2.66, 'ig_oas': 0.79, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 13.920000076293944}
Market regime: bull
Recent filing/news:
[SEC 10-Q WMT 2024-12-06] wmt-20241031 0000104169 1/31 2025 Q3 false 451 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:derivativeAction wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-10-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-10-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-10-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-10-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-10-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-10-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-10-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-10-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-10-31 0000104169 2024-12-04 0000104169 2024-08-01 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us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-08-01 2023-10-31 0000104169 us-gaap:Com [...TRUNCATED...] 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. 35 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 October 31, 2024, formatted in Inline XBRL (included in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. 36 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: December 6, 2024 By: /s/ C. Douglas McMillon C. Douglas McMillon President and Chief Executive Officer (Principal Executive Officer) Date: December 6, 2024 By: /s/ John David Rainey John David Rainey Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: December 6, 2024 By: /s/ David M. Chojnowski David M. Chojnowski Senior Vice President and Controller (Principal Accounting Officer) 37

Predict whether the return of EEM 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 EEM starting 2024-12-13 was -5.75%, which classifies as 'negative'.


XLI over past 60 days: cumulative return +4.7%, annualized vol 16.3%. Market regime: sideways.

Question:
Asset: XLI
Historical prices (past 60 trading days): start=94.12, end=98.55, cumulative_return=+4.7%, annualized_volatility=16.3%
Macro context: {'fed_funds_rate': 4.57, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.91, 't10y3m_spread': -0.95, 'breakeven_10y': 2.49, 'hy_oas': 3.97, 'ig_oas': 1.24, 'ted_spread': 0.09, 'mortgage_30y': 6.65, 'vix': 18.61000061035156}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-06] ["After Hours Most Active for Mar 6, 2023 : VALE, BAC, AMZN, QQQ, MRK, AAPL, IQ, MSFT, PFE, KO, ALIT, WDC The NASDAQ 100 After Hours Indicator is down -10.89 to 12,291.59. The total After hours volume is currently 79,432,799 shares traded. The following are the most active stocks for the after hours session: VALE S.A. (VALE) is -0.01 at $16.68, with 6,521,728 shares traded. VALE's current last sale is 87.79% of the target price of $19. Bank of America Corporation (BAC) is unchanged at $34.09, with 3,492,820 shares traded. BAC's current last sale is 89.71% of the target price of $38. Amazon.com, Inc. (AMZN) is -0.09 at $93.66, with 3,173,777 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2023. The consensus EPS forecast is $0.28. As reported by Zacks, the current mean recommendation for AMZN is in the \"buy range\". Invesco QQQ Trust, Series 1 (QQQ) is +1.21 at $301.23, with 3,064,552 shares traded. This represents a 18.47% increase from its 52 Week Low. Merck & Company, Inc. (MRK) is -0.09 at $111.01, with 2,632,264 shares traded. As reported by Zacks, the current mean recommendation for MRK is in the \"buy range\". Apple Inc. (AAPL) is -0.15 at $153.68, with 2,211,853 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $1.43. As reported by Zacks, the current mean recommendation for AAPL is in the \"buy range\". iQIYI, Inc. (IQ) is +0.0604 at $7.65, with 1,819,482 shares traded. As reported by Zacks, the current mean recommendation for IQ is in the \"buy range\". Microsoft Corporation (MSFT) is -0.02 at $256.85, with 1,791,083 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the \"buy range\". Pfizer, Inc. (PFE) is -0.0101 at $41.10, with 1,556,995 shares traded. PFE's current last sale is 82.2% of the target price of $50. Coca-Cola Company (The) (KO) is -0.01 at $60.35, with 1,519,857 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2023. The consensus EPS forecast is $0.64. As reported by Zacks, the current mean recommendation for KO is in the \"buy range\". Alight, Inc. (ALIT) is unchanged at $9.81, with 1,492,772 shares traded. As reported by Zacks, the current mean recommendation for ALIT is in the \"buy range\". Western Digital Corporation (WDC) is unchanged at $37.78, with 1,388,099 shares traded. WDC's current last sale is 75.56% of the target price of $50. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "US STOCKS-S&P 500 ends slightly higher ahead of Powell testimony, upcoming data By Sin\u00e9ad Carew and Bansari Mayur Kamdar March 6 (Reuters) - The S&P 500 made little progress on Monday, closing slightly lower than its session high as U.S.

Predict whether the return of XLI 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 XLI starting 2023-03-07 was -3.87%, which classifies as 'negative'.


EFA over past 60 days: cumulative return +23.0%, annualized vol 16.4%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=52.82, end=64.96, cumulative_return=+23.0%, annualized_volatility=16.4%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.69, 't10y3m_spread': -1.18, 'breakeven_10y': 2.24, 'hy_oas': 4.3, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 6.13, 'vix': 19.39999961853028}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-31] ["Apple (AAPL) to Report Q1 Earnings: What's in the Offing? Apple AAPL is set to report its first-quarter fiscal 2023 results on Feb 2. Apple expects year-over-year revenue growth to decelerate in the fiscal first quarter compared with the fiscal fourth quarter (the September-end quarter) due to an unfavorable year-over-year impact from the forex of roughly 10%. The Zacks Consensus Estimate for revenues is pegged at $121.21 billion, indicating a decline of 2.21% from the year-ago quarter\u2019s reported figure. The consensus mark for earnings is pegged at $1.93 per share, unchanged over the past 30 days and indicating an 8.1% decrease from the figure reported in the year-ago quarter. Apple Inc. Price and EPS Surprise Apple Inc. price-eps-surprise | Apple Inc. Quote Apple\u2019s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the earnings surprise being 6.26% on average. Let\u2019s see how things have shaped up for the upcoming announcement. iPhone Revenues to Suffer From China Disruptions Apple\u2019s fortunes are heavily reliant on the iPhone, which is by far its biggest revenue contributor. The device accounted for 47% of net sales in the last reported quarter, wherein sales increased 9.7% year over year to $42.63 billion. Our estimate for fiscal first-quarter iPhone net sales is pegged at $60.96 billion, down 14.9% year over year. Apple is expected to have suffered from disruptions at its China partner Foxconn\u2019s factory in Zhengzhou, as well as shrinking demand. We expect Apple to have shipped roughly 70 million iPhones in the first quarter of fiscal 2023. Per the latest Canalys report on worldwide smartphone shipments, Apple expanded its market share to 25% in fourth-quarter 2022, beating Samsung\u2019s 20%. Services Growth to Slow Down in Q1 Apple expects Services revenue growth to be negatively impacted by challenging macroeconomic conditions, unfavorable forex, and weakness in digital advertising and gaming. In the fiscal fourth quarter, Services revenues grew 5% from the year-ago quarter to $19.19 billion and accounted for 21.3% of sales. Nevertheless, an expanding paid subscriber base has been a key catalyst for the Services business, which is riding on the increasing popularity of the App Store. Apple has more than 900 million paid subscribers across its Services portfolio. App Store has been grabbing the attention of prominent developers from around the world, helping the company to offer exciting apps that drive traffic. Services like Apple TV+, Apple Arcade, Apple News+, Apple Card, Apple Fitness+ and Apple One bundle are expected to have contributed to overall growth. Apple TV+ has been gaining recognition due to award-winning shows despite strong competition from Netflix NFLX, as well as services from Disney DIS and Amazon AMZN. Per a report by JustWatch, Amazon prime video is the leader in the streaming market in the United States with a 21% market share, trailed by Netflix at a 20% market share

Predict whether the return of EFA 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 EFA starting 2023-02-01 was -1.81%, which classifies as 'negative'.


IWM over past 60 days: cumulative return +9.5%, annualized vol 18.9%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=164.27, end=179.90, cumulative_return=+9.5%, annualized_volatility=18.9%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.91, 't10y3m_spread': -1.57, 'breakeven_10y': 2.22, 'hy_oas': 4.15, 'ig_oas': 1.35, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.539999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-16] ["3 Stocks to Buy for Long-Term, Life-Changing Returns InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors are always on the hunt for long-term wealth stocks. You know, the kind that you can buy and hold for years (or decades) and generate market-beating returns. We\u2019re all after that \u2014 that\u2019s why we read articles like this one. When investing for the future, readers have to look under the hood and find high-quality businesses. At the same time, it can be hard when looking for long-term investment stocks. That\u2019s because so many of the best stocks have already generated the life-changing returns that investors are currently looking for. A stock like Apple (NASDAQ:AAPL) is an amazing business. But with a near-$3 trillion market valuation, there is a concern that its bigger growth days are behind it. Or take Johnson & Johnson (NYSE:JNJ). I love the company, but with a $425 billion market cap and only modest growth, it\u2019s hard to imagine it outperforming the S&P 500 year-in and year-out. So what are some long-term wealth stocks to buy now? Investing for the Future: The Trade Desk (TTD) Source: Tada Images / Shutterstock.com There is absolutely nothing wrong with the businesses above (Apple and J&J). Almost any investor could make a case for them. However, I am looking for stocks that can generate outsized market returns over the long haul from here, not stocks that have already created those returns. One such stock? The Trade Desk (NASDAQ:TTD): The Trade Desk is a digital advertising firm that utilizes a demand-side platform. This not only drives efficiency for the customer, but drives profit for the company. Further, The Trade Desk makes it easy for customers to leverage connected TVs, audio, video, mobile and other mediums for their advertising needs. Before the pandemic, after the pandemic and through the 2022 bear market, investors experienced a lot of volatility in TTD stock. However, the company remained incredibly stable. It\u2019s able to operate around the world (China included) and continues to churn out steady growth. Consensus expectations call for more than 20% revenue growth this year and next year, to go alongside 17% earnings growth in 2023 and 20.5% growth in 2024. Long-Term Wealth Stocks: PayPal (PYPL) Source: Michael Vi / Shutterstock.com PayPal (NASDAQ:PYPL): This fintech company is a controversial pick when it comes to long-term wealth stocks. The biggest reason? Because the stock has fallen out of favor with the market and suffered a peak-to-trough decline in excess of 80%. The stock has only recently hit a 52-week low. While many large cap and high growth stocks have come back to life, that has not been the case with PayPal. To be frank, I\u2019m not sure why that\u2019s been the case. PayPal has a solid brand and has been one of the market\u2019s favorite stocks over the years. From the time it was spun off in mid-2015 to its high in February 2020 (just before the Covid-19 selloff),

Predict whether the return of IWM 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 IWM starting 2023-06-20 was +5.37%, which classifies as 'positive'.