XLY over past 60 days: cumulative return -6.6%, annualized vol 26.5%. Market regime: sideways.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=67.81, end=63.36, cumulative_return=-6.6%, annualized_volatility=26.5%
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': -0.86, 'breakeven_10y': 2.22, 'hy_oas': 4.62, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 22.01000022888184}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-04] ["Apple to sign Luxshare for iPhone production in China - FT Adds details from report, background on production disruption Jan 4 (Reuters) - Apple Inc AAPL.O is set to sign up Chinese contract manufacturer Luxshare Precision Industry Co Ltd 002475.SZ to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at Foxconn's Zhengzhou factory last year, the report added. Analysts expected Apple to diversify its supplier base amid production disruptions in China due to employee unrest at a factory operated by Foxconn and COVID-19 induced lockdowns. Apple in November warned of lower shipments of its premium iPhone 14 models following significant production cuts. The iPhone maker and Luxshare did not immediately respond to Reuters requests for comment. (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber) ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "FOCUS-At CES 2023, Sony's 'Gran Turismo' flags new entertainment strategy By Dawn Chmielewski Jan 4 (Reuters) - When Sony Corp Group 6758.T teases \u201cGran Turismo,\u201d its long-awaited adrenaline-fueled film adaptation of Sony PlayStation\u2019s hit car-racing franchise at the CES 2023 technology trade show this week, it will really be showing off its new identity as a content-driven company. The movie reflects the transformation of the maker of the Walkman and Bravia TVs from a primarily hardware-focused innovator to broad-based entertainment provider. It also represents a significant bridging of the divides between Sony Pictures Entertainment, Sony PlayStation and Sony Music, according to a dozen current and former senior executives interviewed by Reuters. \u201cI defined our identity as a creative entertainment company with a solid foundation on technology,\u201d Sony chief executive Kenichiro Yoshida said. The film\u2019s appearance at CES on a stage typically reserved for big-screen TVs and robot pets caps $10 billion in investments in music, games and anime over the last five years. \u201cGran Turismo\u201d is one of 10 game-inspired film and television projects in various stages of development. HBO's \u201cThe Last of Us,\u201d about a man hired to smuggle a 14-year-old girl across a pandemic-plagued America, debuts on Jan. 15. \u201cThe New Yorker\u201d suggested the series could break the curse of bad video-game adaptations. Sony\u2019s \u201ccreative entertainment\u201d company approach extends beyond content. A Sony-Honda electric vehicle, scheduled to reach consumers by 2026, is being framed as a rolling showcase of Sony\u2019s entertainment, gaming and camera sensor prowess. It will also generate recurring subscription revenue like other c

Predict whether the return of XLY 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 XLY starting 2023-01-05 was +17.29%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return +13.5%, annualized vol 16.9%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=315.34, end=357.98, cumulative_return=+13.5%, annualized_volatility=16.9%
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': -1.67, 'breakeven_10y': 2.2, 'hy_oas': 4.3, 'ig_oas': 1.34, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 13.739999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-27] ["After Hours Most Active for Jun 27, 2023 : NIO, QQQ, GOOGL, AAPL, SNAP, CPNG, TAL, GOOG, SIRI, INTC, ADC, PCG The NASDAQ 100 After Hours Indicator is down -16.52 to 14,929.39. The total After hours volume is currently 105,872,964 shares traded. The following are the most active stocks for the after hours session: NIO Inc. (NIO) is +0.01 at $9.35, with 5,738,261 shares traded. NIO's current last sale is 81.3% of the target price of $11.5. Invesco QQQ Trust, Series 1 (QQQ) is -0.42 at $363.41, with 3,325,196 shares traded. This represents a 42.93% increase from its 52 Week Low. Alphabet Inc. (GOOGL) is -0.22 at $118.11, with 3,182,605 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the \"buy range\". Apple Inc. (AAPL) is -0.18 at $187.88, with 2,765,802 shares traded., following a 52-week high recorded in today's regular session. Snap Inc. (SNAP) is -0.02 at $11.46, with 2,566,014 shares traded. SNAP's current last sale is 114.6% of the target price of $10. Coupang, Inc. (CPNG) is unchanged at $17.32, with 2,390,584 shares traded. As reported by Zacks, the current mean recommendation for CPNG is in the \"buy range\". TAL Education Group (TAL) is unchanged at $6.04, with 2,356,934 shares traded. TAL's current last sale is 97.42% of the target price of $6.2. Alphabet Inc. (GOOG) is -0.21 at $118.80, with 2,278,956 shares traded. As reported by Zacks, the current mean recommendation for GOOG is in the \"buy range\". Sirius XM Holdings Inc. (SIRI) is +0.0194 at $4.11, with 2,267,460 shares traded. As reported in the last short interest update the days to cover for SIRI is 12.306221; this calculation is based on the average trading volume of the stock. Intel Corporation (INTC) is +0.01 at $34.11, with 2,190,518 shares traded. INTC's current last sale is 108.29% of the target price of $31.5. Agree Realty Corporation (ADC) is unchanged at $65.56, with 1,741,185 shares traded. As reported by Zacks, the current mean recommendation for ADC is in the \"buy range\". Pacific Gas & Electric Co. (PCG) is unchanged at $16.94, with 1,632,926 shares traded. As reported by Zacks, the current mean recommendation for PCG is in the \"buy range\". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Wall Street closes higher as upbeat economic data allays slowdown fears By Sin\u00e9ad Carew, Sruthi Shankar and Johann M Cherian June 27 (Reuters) - U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imminent recession triggered by the Federal Reserve's aggressive interest rate hikes. Separate reports showed new orders for key U.S.-manufactured capital goods unexpectedly rose in May, and sales of new single-family homes surged in the same month, while U.S. consumer confidence increased to a near 1-1/2 year high in June. While the economic data was encouraging, Rhys Williams, chief

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 2023-06-28 was +5.20%, which classifies as 'positive'.


VTI over past 60 days: cumulative return +2.3%, annualized vol 15.9%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=192.32, end=196.72, cumulative_return=+2.3%, annualized_volatility=15.9%
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': -1.58, 'breakeven_10y': 2.26, 'hy_oas': 4.54, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 17.170000076293945}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-20] ["Prediction: These Will Be 3 of the Most Valuable Stocks by 2050 The U.S. economy has evolved over the course of centuries. The industries that created the most value 100 years ago are not the same as the industries generating the most value today. For example, United States Steel became the world's first $1 billion company in 1901. But the world's largest company today is technology giant Apple, which has amassed a $2.6 trillion valuation. Which industries might drive the U.S. economy forward in the future, and how can investors benefit? Technologies like electric vehicles (EVs) and artificial intelligence (AI) are still in the very early stages of adoption, yet they hold significant potential as value creators. With that in mind, I predict the following three stocks will be among the world's most valuable by 2050. 1. Tesla Tesla (NASDAQ: TSLA) is the world's largest producer of electric vehicles (EVs), but its biggest opportunity might actually be elsewhere. Make no mistake, the EV market is set to be enormous with BloombergNEF projecting it could be worth $46 trillion by 2050, but Tesla is operating in other areas like artificial intelligence, which has the potential to dwarf that figure. Cathie Wood's Ark Investment Management thinks the technology could generate $90 trillion in enterprise value as soon as 2030, adding $200 trillion to global economic output. Tesla stock is the largest overall holding at Ark Investment Management for that reason. The firm thinks it could soar to $1,533 as soon as 2026 (from $185 as of this writing) which would value Tesla at $5.3 trillion. The basis for that prediction is the company's self-driving software, which could power a fleet of fully autonomous robotaxis in the future. Of course, AI is the force behind that technology. The value from autonomous car sales might overlap somewhat with the projected value of the EV market, because it's not clear what portion of miles will be driven by self-driving ride-hailing services, for example. On that note, Ark believes autonomous ride-sharing on its own could generate $14 trillion in enterprise value by 2027, and Tesla is already the leader by a wide margin with 2.7 million vehicles on the road collecting data today. But cars aren't the be-all and end-all of Tesla's business. It's applying AI in robotics, too, and its first mass-market product could be released by the end of this decade. It's called Optimus, a humanoid robot that could reshape the workforce by completing low-skilled jobs like manufacturing and manual labor. Tesla is worth $586 billion right now, making it the world's eighth-largest company. Given the sheer value of its opportunities ahead, there's a clear case for it catapulting its way up the rankings between now and 2050. 2. Microsoft Microsoft (NASDAQ: MSFT) might be the most conservative pick of this bunch, given it's the second-largest company in the world today with a valuation of $2.2 trillion. And that's nothing new -- it has been at the

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 2023-04-21 was +1.49%, which classifies as 'positive'.


LQD over past 60 days: cumulative return -6.3%, annualized vol 8.7%. Market regime: sideways.

Question:
Asset: LQD
Historical prices (past 60 trading days): start=95.52, end=89.47, cumulative_return=-6.3%, annualized_volatility=8.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.3, 't10y3m_spread': -0.85, 'breakeven_10y': 2.31, 'hy_oas': 4.33, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 17.450000762939453}
Market regime: sideways

Predict whether the return of LQD 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 LQD starting 2023-10-09 was +1.32%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +12.4%, annualized vol 27.3%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=216.00, end=242.76, cumulative_return=+12.4%, annualized_volatility=27.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.38, 't10y3m_spread': -1.06, 'breakeven_10y': 2.27, 'hy_oas': 4.02, 'ig_oas': 1.21, 'ted_spread': 0.09, 'mortgage_30y': 7.44, 'vix': 14.31999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-16]

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 2023-11-17 was -2.38%, which classifies as 'negative'.


IWM over past 60 days: cumulative return +0.9%, annualized vol 22.3%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=170.71, end=172.21, cumulative_return=+0.9%, annualized_volatility=22.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.54, 't10y3m_spread': -1.47, 'breakeven_10y': 2.29, 'hy_oas': 4.58, 'ig_oas': 1.43, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 18.549999237060547}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-03] ["Top Research Reports for Apple, Meta Platforms & Visa Monday, April 3, 2023 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. (AAPL), Meta Platforms, Inc. (META) and Visa Inc. (V). 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 are up +26.7% in the year-to-dater period vs. the Zacks Tech sector's 20.6% gain and the S&P 500 index's +7.4% gain. The company expects the March quarter\u2019s year-over-year revenue growth to be similar to that of the December quarter due to unfavorable forex. For iPhone, Apple expects the March quarter\u2019s year-over-year revenue growth to accelerate relative to the December quarter\u2019s year-over-year revenue growth. For Mac and iPad, revenues are expected to decline in double digits on a year-over-year basis due to challenging comparison and macroeconomic headwinds. Services revenue growth is expected to be negatively impacted by challenging macroeconomic conditions, as well as weakness in digital advertising and gaming. However, revenues are expected to grow year over year. Growing services subscriber base and a strong liquidity position are key catalysts for Apple\u2019s prospects. (You can read the full research report on Apple here >>>) Shares of Meta Platforms have outperformed the Zacks Internet - Software industry over the past six months (+51.1% vs. +14.1%). The company is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its products like Instagram, WhatsApp, Messenger, and Facebook has been a major growth driver. Its restructuring plan is expected to reduce expenses driving profitability. However, challenging macroeconomic conditions is negatively impacting Meta\u2019s advertising revenues. Unfavorable forex, targeting and measurement headwinds due to Apple\u2019s iOS changes, normalization of e-commerce after the pandemic peak and higher inflation hurt growth in the reported quarter. Meta\u2019s first-quarter guidance reflects macroeconomic and forex concerns. Weak advertising demand is a headwind. Meta expects Reels to monetize much slower than feed or stories, which is a concern. (You can read the full research report on Meta Platforms here >>>) Visa shares have outperformed the Zacks Financial Transaction Services industry over the past six months (+22.0% vs. +15.2%). The company\u2019s numerous buyouts and alliances paved the way for long-term growth and consistently drove its revenues. For fiscal 2023, net revenues are estimated to rise in the high single digits on a reported nominal dollar basis. Constant investments in technology are solidifying its position in the payments market. A shift in payments to the digital mode is a boon for Visa. Steady domestic volumes and transactions ris

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 2023-04-04 was -2.82%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return -2.5%, annualized vol 34.4%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=27947.79, end=27238.78, cumulative_return=-2.5%, annualized_volatility=34.4%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.81, 't10y3m_spread': -1.68, 'breakeven_10y': 2.2, 'hy_oas': 4.39, 'ig_oas': 1.39, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 13.960000038146973}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-06]

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

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2023-06-07 was +14.20%, which classifies as 'positive'.


DBA over past 60 days: cumulative return +0.1%, annualized vol 13.3%. Market regime: sideways.

Question:
Asset: DBA
Historical prices (past 60 trading days): start=18.80, end=18.82, cumulative_return=+0.1%, annualized_volatility=13.3%
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': -1.41, 'breakeven_10y': 2.27, 'hy_oas': 4.1, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 15.4399995803833}
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 2023-07-07 was +2.03%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return -26.5%, annualized vol 66.6%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=19.74, end=14.50, cumulative_return=-26.5%, annualized_volatility=66.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.33, 't10y3m_spread': -0.96, 'breakeven_10y': 2.35, 'hy_oas': 3.03, 'ig_oas': 0.88, 'ted_spread': 0.09, 'mortgage_30y': 7.22, 'vix': 13.489999771118164}
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 2024-05-07 was +32.23%, which classifies as 'positive'.


LQD over past 60 days: cumulative return +0.9%, annualized vol 5.7%. Market regime: sideways.

Question:
Asset: LQD
Historical prices (past 60 trading days): start=101.34, end=102.27, cumulative_return=+0.9%, annualized_volatility=5.7%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.17, 't10y3m_spread': -0.42, 'breakeven_10y': 2.3, 'hy_oas': 2.85, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.54, 'vix': 19.34000015258789}
Market regime: sideways

Predict whether the return of LQD 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 LQD starting 2024-10-30 was +0.96%, which classifies as 'flat'.


XLF over past 60 days: cumulative return -4.9%, annualized vol 21.6%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=32.01, end=30.45, cumulative_return=-4.9%, annualized_volatility=21.6%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.58, 't10y3m_spread': -1.19, 'breakeven_10y': 2.23, 'hy_oas': 4.85, 'ig_oas': 1.52, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 21.3799991607666}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-21] ["Meta Stock: Bull vs. Bear Meta Platforms (NASDAQ: META) has taken investors for a wild ride over the past year or two. The stock soared through much of 2020 and 2021, riding a boom in digital advertising like other tech stocks, but that gave way to an epic collapse last year as revenue growth ground to a halt, and its ambitious project in the metaverse turned into a massive money pit. However, the stock has rebounded aggressively this year, doubling in the last few months after Zuckerberg promised investors that 2023 would be a \"year of efficiency\" and has since announced two rounds of layoffs. After so much tumult, Meta now appears to be at a crossroads as it cuts costs and realigns its business. So is it a buy today? To answer that question, we asked two of our writers to give their bull and bear cases for the stock. Image source: Meta Platforms. Meta Platforms' profitability cannot be ignored. Parkev Tatevosian: Meta Platforms may be facing a host of meaningful challenges, but that shouldn't deter investors from considering the social media giant turned metaverse hopeful. Rising competition from TikTok, privacy policy changes from Apple (NASDAQ: AAPL), and the raging war in Ukraine are each hurting Meta's prospects in the near term. However, I will argue investors are overreacting to those difficulties. Meta's stock is down 54% off its recent highs in 2021. Further, Mark Zuckerberg and his team at Meta have proven adept at finding answers to difficult situations. When people converted their social media use away from computers and onto mobile devices, the market worried Meta would suffer. Between 2015 and 2022, years of exponentially increasing mobile phone use, Meta's revenue soared from $17.9 billion to $116.6 billion. This revenue growth did not come at the expense of profits like many tech companies. Meta's operating income jumped from $6.2 billion to $28.9 billion in the years mentioned above. META PE Ratio (Forward) data by YCharts. It remains to be seen if Meta will take these current challenges and convert them into higher revenue and profits over the next several years. However, at a forward price-to-earnings ratio of 18.9, investors are getting a favorable risk-versus-reward from a company that has proven itself capable. Too many questions Jeremy Bowman: I've been impressed with Zuckerberg's ability to take back the narrative in the stock and drive a rebound in the share price, but the company still faces a number of challenges as it attempts to recapture the growth stock magic dust of old. Those include declining revenue, competition from TikTok, a maturing digital ad market, a massive misjudgment in the metaverse, and the threat of an extended recession. In other words, Meta is no longer the company it was a few years ago when it was growing rapidly and generating operating margins in the 40% range. However, Meta is unlikely to return to that previous growth rate. In fact, the company has posted a decline in revenue in each of

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 2023-03-22 was +6.41%, which classifies as 'positive'.


EEM over past 60 days: cumulative return +9.2%, annualized vol 15.2%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=34.87, end=38.07, cumulative_return=+9.2%, annualized_volatility=15.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.41, 't10y3m_spread': -1.65, 'breakeven_10y': 2.15, 'hy_oas': 3.34, 'ig_oas': 1.05, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 12.43000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-27] ["Rate Volatility Spurs Global Broker BGC to Move Into Yen Swaps (Bloomberg) -- BGC Group Inc. is making a big push into the yen interest-rate derivatives business as speculation over Japan\u2019s monetary policy fuels record volumes of transactions to hedge against potential changes in borrowing costs.Most Read from BloombergHow Were So Many Economists So Wrong About the Recession?Tesla Plans Revamp of Smash Hit Model Y From China PlantApple to Fight Watch Ban in Court After White House Declines to ActS&P 500 Trades Within a Whisker of All-Time High: Markets Wrap", "Property Wins Big, Adani Lags in Stellar Year for Indian Stocks (Bloomberg) -- Indian equities are set to cap a record eighth straight year of gains, with the drivers of the rally transcending the nation\u2019s largest companies.Most Read from BloombergHow Were So Many Economists So Wrong About the Recession?Tesla Plans Revamp of Smash Hit Model Y From China PlantApple to Fight Watch Ban in Court After White House Declines to ActS&P 500 Trades Within a Whisker of All-Time High: Markets WrapGoldman\u2019s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsR", "BOJ Summary Suggests Ueda Can Wait for Wage Results Before Hike (Bloomberg) -- Bank of Japan board members discussed the potential timing of ending the negative rate policy during their meeting last week, with several members indicating they see no rush to make the move.Most Read from BloombergHow Were So Many Economists So Wrong About the Recession?Tesla Plans Revamp of Smash Hit Model Y From China PlantApple to Fight Watch Ban in Court After White House Declines to ActS&P 500 Trades Within a Whisker of All-Time High: Markets WrapGoldman\u2019s Painful 2023 Less", "SoftBank Surges 7% After Getting $8 Billion of T-Mobile Stock (Bloomberg) -- SoftBank Group Corp. rose its most since June after snagging roughly $7.6 billion worth of stock in T-Mobile US Inc., as part of an agreement struck when the wireless carrier merged with rival Sprint Corp. in 2020.Most Read from BloombergHow Were So Many Economists So Wrong About the Recession?S&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActGoldman\u2019s Painful 2023 Lesson on China Forces Rethink of Emer", "SoftBank Surges 7% After Getting $8 Billion of T-Mobile Stock (Bloomberg) -- SoftBank Group Corp. rose its most since June after snagging roughly $7.6 billion worth of stock in T-Mobile US Inc., as part of an agreement struck when the wireless carrier merged with rival Sprint Corp. in 2020.Most Read from BloombergHow Were So Many Economists So Wrong About the Recession?Tesla Plans Revamp of Smash Hit Model Y From China PlantApple to Fight Watch Ban in Court After White House Declines to ActS&P 500 Trades Within a Whisker of All-Time High: Markets WrapGoldm", "A Detour of 8,000 Kilometers Highlights Shipping\u2019s Chokepoints (Bloomberg) -- A gas tanker\u2019s long, circuitous journey is highlig

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 2023-12-28 was -3.33%, which classifies as 'negative'.


VTI over past 60 days: cumulative return +12.6%, annualized vol 13.1%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=205.27, end=231.09, cumulative_return=+12.6%, annualized_volatility=13.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.37, 't10y3m_spread': -1.56, 'breakeven_10y': 2.18, 'hy_oas': 3.37, 'ig_oas': 1.06, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 12.989999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-26] ["Apple Watch ban goes into effect, Bristol Myers buying RayzeBio: Yahoo Finance Live Apple (AAPL) is appealing a ban on US sales of its Apple Watch Series 9 and Ultra 2. The ban stems from a patent dispute over pulse oximetry technology that is used in the watches. There is also deal news, with shares of RayzeBio (RYZB) doubling after it was announced Bristol Myers Squibb (BMY) was buying the company in a $4.1 billion agreement. Also on Yahoo Finance at 4 p.m. ET, Ark Invest\u2019s Cathie Wood talks Tesla (TSLA) and the potential for a spot bitcoin ETF to be approved. Trending tickers on Yahoo Finance include Intel (INTC), Nio (NIO), and Nvidia (NVDA).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Tom Hainlin, U.S. Bank Wealth Management Senior Investment Strategist3:25 p.m. ET - Greg Martin, Managing Director of Rainmaker Securities3:50 p.m. ET - Shehzad Qazi, China Beige Book International Managing Director4:05 p.m. ET - Nick Powills, Mainland CEO, 1851 Franchise Publisher, and The Melting Pot Board Member", "Apple seeks a path to getting 2 of its best watches back on shelves during a bitter patent dispute Apple filed an emergency motion seeking court permission to begin selling two of its most popular watches again until a final decision on its broader appeal in a bitter patent dispute is decided. The company cut off sales right before the Christmas holiday and in a motion filed Tuesday, Apple said it would suffer \u201cirreparable harm\u201d if previous court orders remain for the two weeks that it said the U.S. International Trade Commission will take to respond to its appeal. The disruption will likely cost Apple about $300-400 million in holiday-season sales, estimated Wedbush Securities analyst Dan Ives.", "Bitcoin Dips Below $42,000 While Memecoin Rally Shows Signs of Stalling (Bloomberg) -- Bitcoin dropped below $42,000 for the first time in a week and the recent rally in memecoins has started to show signs of stalling. Most Read from BloombergGoldman\u2019s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsS&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActHow Were So Many Economists So Wrong About the Recession?Ethiopia Fails to Pay Coupon, Becoming Latest African DefaulterThe lar", "25 Technologies That Have Changed the World In this article, we will be analyzing the evolution of technology while covering the 25 technologies that have changed the world. If you wish to skip our detailed analysis, you can move directly to the 5 Technologies That Have Changed the World. Technology Over the Years Following the dot com bubble burst, technology successfully rebounded. [\u2026]", "South Korea\u2019s Consumers Turn Less Pessimistic as Inflation Eases (Bloomberg) -- South Korean consumers turned less pessimistic this month as inflation eased and exports improved.Most Read from BloombergS&P 500 Trades Within a Whisker of All-Time High: Ma

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 2023-12-27 was +1.62%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +245.7%, annualized vol 100.7%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=12.11, end=41.86, cumulative_return=+245.7%, annualized_volatility=100.7%
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': -1.52, '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 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for AVAX-USD starting 2024-01-02 was -24.73%, which classifies as 'negative'.


XLU over past 60 days: cumulative return +0.8%, annualized vol 16.6%. Market regime: sideways.

Question:
Asset: XLU
Historical prices (past 60 trading days): start=29.65, end=29.89, cumulative_return=+0.8%, annualized_volatility=16.6%
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': -1.29, 'breakeven_10y': 2.3, 'hy_oas': 3.15, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 13.75}
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 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 2024-03-14 was +2.15%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return -15.0%, annualized vol 38.2%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.60, end=0.51, cumulative_return=-15.0%, annualized_volatility=38.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.14, 't10y3m_spread': -1.3, 'breakeven_10y': 2.29, 'hy_oas': 3.45, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.449999809265137}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: positive

Explanation: The actual 21-day forward return for XRP-USD starting 2024-01-26 was +6.16%, which classifies as 'positive'.


QUAL over past 60 days: cumulative return +12.8%, annualized vol 21.2%. Market regime: sideways.

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=101.89, end=114.93, cumulative_return=+12.8%, annualized_volatility=21.2%
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': -1.18, 'breakeven_10y': 2.17, 'hy_oas': 4.19, 'ig_oas': 1.3, 'ted_spread': 0.09, 'mortgage_30y': 6.33, 'vix': 19.36000061035156}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-17] ["FAANG Stocks Look Ready to Soar Later This Month. Here's Why. FAANG stocks got crushed last year as a combination of slowing growth and compressing valuations hit even the mightiest tech stocks like Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Apple (NASDAQ: AAPL). 2023 offers investors the chance at a new beginning, and stocks jumped out of the gate on data showing that inflation is cooling while the economy remains stable. Looking ahead to earnings season, there's another reason why the stock market, and especially FAANG stocks, could get a boost. The dollar has weakened substantially over the last few months, which makes international revenue more valuable. Image source: Getty Images. The FX effect When big tech stocks reported third-quarter earnings nearly three months ago, a stronger dollar was a major headwind because all of these companies derive a significant percentage of their revenue from outside the U.S. In Amazon's third-quarter earnings report, the company reported 15% revenue growth, but it rose 19% in constant currency. Alphabet reported 6% revenue growth in its third quarter, or 11% in constant currency, and Netflix's (NASDAQ: NFLX) revenue rose 6%, or 13% in constant currency. As you can see from the chart below, the dollar index hit a 10-year high a few months ago, but the dollar cooled rapidly since then as interest rates have fallen and investors expect the Fed to stop hiking interest rates soon. ^DJFXCMD data by YCharts The chart below shows that the dollar plateaued in late September and October before falling sharply when the CPI report came out in November showing inflation falling faster than expected. It's continued to fall since then and now is the lowest it's been since last May. ^DJFXCMD data by YCharts Most multinational companies expected currency headwinds to strengthen from the third quarter to the fourth quarter. However, based on the chart above and the year-over-year comparisons, those currency headwinds seem to have actually weakened from the third quarter to the fourth, though they'll still weigh on results. That's a good indicator that FAANG results will beat guidance since these companies made their forecasts based on the value of the dollar in late October. Amazon, for example, called for 460 basis points of currency headwinds in its fourth quarter, but currency headwinds will almost certainly be more favorable than that. Similarly, Netflix, which gets most of its revenue from outside the U.S., expected nearly 8 percentage points of currency headwinds. Not only will these companies benefit from the weaker dollar in the fourth quarter, but their guidance is also likely to get a lift from the falling dollar. In fact, currency exchange could become a tailwind within a couple of quarters and for 2023 as a whole if the dollar continues to weaken. The weakening dollar is also a tailwind because of its impact on the bottom line. These companies typically have most of their expenses in U.

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 2023-01-18 was +4.13%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return +10.0%, annualized vol 50.3%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=5.77, end=6.35, cumulative_return=+10.0%, annualized_volatility=50.3%
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': -1.32, 'breakeven_10y': 2.12, 'hy_oas': 4.25, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 6.33, 'vix': 20.34000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-18]

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 2023-01-19 was +7.20%, which classifies as 'positive'.


XLE over past 60 days: cumulative return +6.7%, annualized vol 19.8%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=42.44, end=45.27, cumulative_return=+6.7%, annualized_volatility=19.8%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.1, 't10y3m_spread': -0.21, 'breakeven_10y': 2.35, 'hy_oas': 2.67, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 17.15999984741211}
Market regime: sideways
Recent filing/news:
[SEC 10-Q NVDA 2024-11-20] nvda-20241027 0001045810 1/26 2025 Q3 FALSE http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent 0 550 456 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure nvda:segment 0001045810 2024-01-29 2024-10-27 0001045810 2024-11-15 0001045810 2024-07-29 2024-10-27 0001045810 2023-07-31 2023-10-29 0001045810 2023-01-30 2023-10-29 0001045810 2024-10-27 0001045810 2024-01-28 0001045810 us-gaap:CommonStockMember 2024-07-28 0001045810 us-gaap:AdditionalPaidInCapitalMember 2024-07-28 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-28 0001045810 us-gaap:RetainedEarningsMember 2024-07-28 0001045810 2024-07-28 0001045810 us-gaap:RetainedEarningsMember 2024-07-29 2024-10-27 0001045810 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-29 2024-10-27 0001045810 us-gaap:CommonStockMember 2024-07-29 2024-10-27 0001045810 us-gaap:AdditionalPaidInCapitalMember 2024-07-29 2024-10-27 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nvda:PubliclyHeldEquitySecuritiesMember 2024-01-28 0001045810 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasur [...TRUNCATED...]  30, 2024 , Ajay K. Puri , Executive Vice President , Worldwide Field Operations, adopted a Rule 10b5-1 Trading Arrangement for the sale of up to 204,890 shares of our common stock through December 30, 2025 . 40 Item 6. Exhibits Exhibit No.  Exhibit Description 10.1+* Amended and Restated 2007 Equity Incentive Plan – Global Restricted Stock Unit Grant Notice and Global Restricted Stock Unit Agreement (2024) 31.1* Certification of Chief Executive Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 31.2* Certification of Chief Financial Officer as required by Rule 13a-14(a) of the Securities Exchange Act of 1934 32.1#* Certification of Chief Executive Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 32.2#* Certification of Chief Financial Officer as required by Rule 13a-14(b) of the Securities Exchange Act of 1934 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 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 Labels Linkbase Document 101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. + Management contract or compensatory plan or arrangement. * Filed herewith. # In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release Nos. 33-8238 and 34-47986, Final Rule: Management's Reports on Internal Control Over Financial Reporting and Certification of Disclosure in Exchange Act Periodic Reports, the certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed “filed” for purpose of Section 18 of the Exchange Act. Such certifications will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Copies of above exhibits not contained herein are available to any shareholder upon written request to: Investor Relations: NVIDIA Corporation, 2788 San Tomas Expressway, Santa Clara, CA 95051. 41 Signature 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. Date: November 20, 2024   NVIDIA Corporation  By:    /s/ Colette M. Kress   Colette M. Kress   Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) 42

Predict whether the return of XLE 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 XLE starting 2024-11-21 was -11.40%, which classifies as 'negative'.


MTUM over past 60 days: cumulative return +6.7%, annualized vol 20.1%. Market regime: sideways.

Question:
Asset: MTUM
Historical prices (past 60 trading days): start=165.45, end=176.60, cumulative_return=+6.7%, annualized_volatility=20.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.29, 't10y3m_spread': -0.79, 'breakeven_10y': 2.43, 'hy_oas': 3.16, 'ig_oas': 0.9, 'ted_spread': 0.09, 'mortgage_30y': 7.17, 'vix': 15.029999732971191}
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Predict whether the return of MTUM 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 MTUM starting 2024-04-29 was +5.72%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return +281.7%, annualized vol 102.4%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=31.74, end=121.15, cumulative_return=+281.7%, annualized_volatility=102.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.41, 't10y3m_spread': -1.54, 'breakeven_10y': 2.19, 'hy_oas': 3.39, 'ig_oas': 1.07, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 13.029999732971191}
Market regime: sideways
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 2023-12-26 was -13.36%, which classifies as 'negative'.


XLF over past 60 days: cumulative return +8.7%, annualized vol 15.3%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=40.45, end=43.99, cumulative_return=+8.7%, annualized_volatility=15.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.19, 't10y3m_spread': -0.89, 'breakeven_10y': 2.16, 'hy_oas': 3.14, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.08, 'vix': 15.369999885559082}
Market regime: sideways
Recent filing/news:
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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 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 2024-09-27 was +4.56%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return +3.1%, annualized vol 61.9%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.52, end=0.54, cumulative_return=+3.1%, annualized_volatility=61.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.16, 't10y3m_spread': -0.9, 'breakeven_10y': 2.21, 'hy_oas': 3.06, 'ig_oas': 0.91, 'ted_spread': 0.09, 'mortgage_30y': 6.08, 'vix': 18.89999961853028}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: positive

Explanation: The actual 21-day forward return for XRP-USD starting 2024-10-03 was +1.88%, which classifies as 'positive'.


MATIC-USD over past 60 days: cumulative return -44.0%, annualized vol 54.1%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=1.13, end=0.64, cumulative_return=-44.0%, annualized_volatility=54.1%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.84, 't10y3m_spread': -1.62, 'breakeven_10y': 2.2, 'hy_oas': 4.29, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 13.829999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-11]

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

Answer: positive

Explanation: The actual 21-day forward return for MATIC-USD starting 2023-06-12 was +10.99%, which classifies as 'positive'.


ICSH over past 60 days: cumulative return +0.9%, annualized vol 0.4%. Market regime: sideways.

Question:
Asset: ICSH
Historical prices (past 60 trading days): start=44.10, end=44.50, cumulative_return=+0.9%, annualized_volatility=0.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.31, 't10y3m_spread': -0.89, 'breakeven_10y': 2.31, 'hy_oas': 4.38, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 18.489999771118164}
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 2023-10-06 was +0.32%, which classifies as 'flat'.


SOL-USD over past 60 days: cumulative return +2.5%, annualized vol 51.5%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=22.79, end=23.37, cumulative_return=+2.5%, annualized_volatility=51.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.43, 't10y3m_spread': -0.93, 'breakeven_10y': 2.35, 'hy_oas': 4.11, 'ig_oas': 1.26, 'ted_spread': 0.09, 'mortgage_30y': 7.31, 'vix': 17.610000610351562}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-02]

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

Answer: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2023-10-03 was +28.02%, which classifies as 'positive'.


XHB over past 60 days: cumulative return +8.8%, annualized vol 22.3%. Market regime: sideways.

Question:
Asset: XHB
Historical prices (past 60 trading days): start=65.27, end=70.98, cumulative_return=+8.8%, annualized_volatility=22.3%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.81, 't10y3m_spread': -1.68, 'breakeven_10y': 2.18, 'hy_oas': 4.37, 'ig_oas': 1.39, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 14.600000381469728}
Market regime: sideways

Predict whether the return of XHB 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 XHB starting 2023-06-05 was +8.17%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return -21.9%, annualized vol 80.8%. Market regime: bull.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=181.88, end=142.03, cumulative_return=-21.9%, annualized_volatility=80.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.36, 't10y3m_spread': -0.99, 'breakeven_10y': 2.33, 'hy_oas': 3.14, 'ig_oas': 0.9, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 13.420000076293944}
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: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2024-05-15 was +9.67%, which classifies as 'positive'.


XLE over past 60 days: cumulative return +11.9%, annualized vol 17.6%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=37.08, end=41.51, cumulative_return=+11.9%, annualized_volatility=17.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.69, 't10y3m_spread': -1.35, 'breakeven_10y': 2.26, 'hy_oas': 3.81, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 7.18, 'vix': 13.09000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-01] ["Should You Buy the Dow Stock Outperforming Apple? When you think of top-performing Dow stocks to buy, you might automatically think of Apple (AAPL) - it's the world\u2019s most valuable company, a favorite of legendary investor Warren Buffett, and a leader in consumer technology. But what if we told you there is another Dow Jones Industrial Average ($DOWI) component that has been crushing Apple on the charts over several time frames - and it's not even a tech stock? That stock is none other than Caterpillar (CAT), the world\u2019s largest manufacturer of construction and mining equipment and a true old-school industrial name. And while CAT hasn't exactly collected AI stock-sized gains in 2023, it's worth taking a look at the stock's performance from a few different perspectives to get a sense of its real technical muscle. CAT's Long-Term Technical Dominance To be sure, Apple stock is outpacing comfortably CAT on a year-to-date basis - but let's not forget how much room for recovery Apple and its tech stock peers had after a brutal finish to 2022. Looking over the past 52 weeks, Caterpillar stock has gained nearly 60%, while AAPL is only 20% higher. The broader Dow, for perspective, is up about 10% in this time frame. www.barchart.com More recently, focusing in on the last three months, AAPL's impressive momentum from the first half of 2023 has slowed considerably, with the shares netting a return of less than 5% over this period. Meanwhile, CAT has gained more than 25%, powered in part by well-received Q2 earnings (by contrast, Apple missed iPhone sales estimates in its recent quarterly report). www.barchart.com So with CAT clearly holding its own against this tech powerhouse on the charts, let's take a look at the fundamentals. CAT\u2019s Earnings Beat Expectations In its second-quarter earnings report, CAT reported revenue of $14.4 billion, marking a 29% surge compared to the previous year. Earnings per share also impressed, up 74% year-over-year to reach $5.55. Notably, both figures outperformed analysts' expectations, which were projected at $13.9 billion and $4.51 per share, respectively. Caterpillar also raised its full-year revenue and earnings guidance, and the stock led Dow gainers after the report with a rally of more than 8%. www.barchart.com CAT attributed its results to a global increase in infrastructure spending and investment. This surge in demand spanned all segments, with its construction, resource, and energy and transportation divisions all posting significant growth. The construction segment reported a 45% revenue increase, buoyed by higher sales volume and the introduction of new products like the electric mini excavator and autonomous dozer. At the same time, resource segment revenue was up 41%, driven by elevated sales volume in mining and entry into emerging markets like lithium and rare earths. Plus, the energy and transportation segment contributed 16% revenue growth, propelled by increased sales volume and innovative

Predict whether the return of XLE 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 XLE starting 2023-09-05 was -5.30%, which classifies as 'negative'.


INDS over past 60 days: cumulative return +2.8%, annualized vol 17.7%. Market regime: sideways.

Question:
Asset: INDS
Historical prices (past 60 trading days): start=35.43, end=36.41, cumulative_return=+2.8%, annualized_volatility=17.7%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.77, 't10y3m_spread': -1.63, 'breakeven_10y': 2.21, 'hy_oas': 4.33, 'ig_oas': 1.39, 'ted_spread': 0.09, 'mortgage_30y': 6.79, 'vix': 13.9399995803833}
Market regime: sideways

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 2023-06-08 was -2.01%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return -15.2%, annualized vol 57.1%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=14.78, end=12.54, cumulative_return=-15.2%, annualized_volatility=57.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.8, 't10y3m_spread': -1.45, 'breakeven_10y': 2.36, 'hy_oas': 3.96, 'ig_oas': 1.21, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 16.09000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-02]

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

Answer: negative

Explanation: The actual 21-day forward return for AVAX-USD starting 2023-08-03 was -18.74%, which classifies as 'negative'.


XLE over past 60 days: cumulative return +2.9%, annualized vol 24.2%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=35.68, end=36.72, cumulative_return=+2.9%, annualized_volatility=24.2%
Macro context: {'fed_funds_rate': 5.07, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.9, 't10y3m_spread': -1.61, 'breakeven_10y': 2.21, 'hy_oas': 4.21, 'ig_oas': 1.37, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 14.5}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-15] ["US STOCKS-Wall St edges up as yields slip after economic data By Shristi Achar A and Sruthi Shankar June 15 (Reuters) - Wall Street's main indexes inched higher on Thursday as megacap stocks rose on lower Treasury yields, lifting investor sentiment soured by Federal Reserve's hawkish comments on interest rate hikes this year. U.S. retail sales unexpectedly rose in May as consumers spent on a range of goods including vehicles, which could help support the economy this quarter. Another set of numbers showed initial claims for state unemployment benefits were steady at a seasonally adjusted 262,0000 for the week ended June 10. Economists polled by Reuters had forecast 249,000 claims for the latest week. U.S. Treasury yields pulled back, lifting shares of rate-sensitive growth stocks. Apple AAPL.O, Microsoft MSFT.O and Meta Platforms META.O gained between 0.8% and 1.3%. US/ The Fed left rates unchanged at the 5%-5.25% range on Wednesday, but indicated they could rise by at least half a percentage point this year as inflation remains stubbornly persistent and the U.S. economy stays resilient. \"What has been encouraging is that the rate market has significantly reassessed the trajectory of expected interest rates but the equity market has largely ignored that and, if anything, continued to rise on the belief that the Fed is at or near the end of the rate hike cycle,\" said Ronald Temple, chief market strategist at Lazard. \"Yesterday's message was a bit of a splash of cold water on equity markets.\" Traders see a nearly 65% chance of a 25-basis-point rate hike in July, up from around 60% a day earlier, according to the CME Fedwatch tool. Energy stocks .SPNY led gains among the 11 major S&P 500 sectors, up 1.4%, tracking higher crude prices. O/R At 10:06 a.m. ET, the Dow Jones Industrial Average .DJI was up 188.05 points, or 0.55%, at 34,167.38, the S&P 500 .SPX was up 16.85 points, or 0.39%, at 4,389.44, and the Nasdaq Composite .IXIC was up 25.76 points, or 0.19%, at 13,652.23. Kroger CoKR.N dropped 3.9% after the big-box retailer missed first-quarter revenue estimates. Kohls Corp KSS.N added 3.1% after TD Cowen upgraded the department store operator to \"outperform\" from \"market perform\". U.S.-listed shares of Chinese companies including Alibaba Group BABA.N and JD.com JD.O rose almost 3% after the People's Bank of China cut the borrowing cost for its medium-term policy loans for the first time in 10 months. Advancing issues outnumbered decliners by a 1.90-to-1 ratio on the NYSE and a 1.46-to-1 ratio on the Nasdaq. The S&P index recorded 20 new 52-week highs and no new low, while the Nasdaq recorded 32 new highs and 38 new lows. (Reporting by Shristi Achar A and Sruthi Shankar in Bengaluru Editing by Vinay Dwivedi) ((Shristi.AcharA@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.", "US STOCKS-Wall Street rallies as yields slip after econom

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 2023-06-16 was +1.42%, which classifies as 'positive'.


SGOV over past 60 days: cumulative return +0.8%, annualized vol 0.2%. Market regime: sideways.

Question:
Asset: SGOV
Historical prices (past 60 trading days): start=91.42, end=92.19, cumulative_return=+0.8%, annualized_volatility=0.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.25, 't10y3m_spread': -0.84, 'breakeven_10y': 2.41, 'hy_oas': 3.2, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 7.1, 'vix': 15.6899995803833}
Market regime: sideways

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

Answer: flat

Explanation: The actual 21-day forward return for SGOV starting 2024-04-24 was +0.31%, which classifies as 'flat'.


SOL-USD over past 60 days: cumulative return +7.0%, annualized vol 74.3%. Market regime: bull.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=174.36, end=186.52, cumulative_return=+7.0%, annualized_volatility=74.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.38, 't10y3m_spread': -1.01, 'breakeven_10y': 2.33, 'hy_oas': 3.07, 'ig_oas': 0.88, 'ted_spread': 0.09, 'mortgage_30y': 7.02, 'vix': 12.149999618530272}
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 2024-05-21 was -16.11%, which classifies as 'negative'.


XLI over past 60 days: cumulative return -3.6%, annualized vol 17.1%. Market regime: sideways.

Question:
Asset: XLI
Historical prices (past 60 trading days): start=98.12, end=94.63, cumulative_return=-3.6%, annualized_volatility=17.1%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.49, 't10y3m_spread': -1.68, 'breakeven_10y': 2.19, 'hy_oas': 4.77, 'ig_oas': 1.49, 'ted_spread': 0.09, 'mortgage_30y': 6.35, 'vix': 17.1200008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-15] ["Capitalize on the Emerging Age of AI for Hefty Profits InvestorPlace - Stock Market News, Stock Advice & Trading Tips Editor\u2019s note: \u201cCapitalize on the Emerging Age of AI for Hefty Profits\u201d was previously published in March 2023. It has since been updated to include the most relevant information available. Crisis creates opportunity. And big crises create big opportunities. For example, did you know that the Internet Economy \u2013 which created the world\u2019s first trillion-dollar companies, churning out multiple 1,000% stock market winners \u2013 was born amid the 2008 financial crisis? Technically, the internet was born in the 1990s \u2013 the World Wide Web launched on Aug. 6, 1991. But it wasn\u2019t until Apple (AAPL) released the first iPhone in 2007 \u2013 and put the power of the internet literally in the palms of everyone\u2019s hands \u2013 that the Internet Economy really started to blossom. Just look at how the revenue growth trajectories for internet titans like Amazon (AMZN), Alphabet (GOOGL), and Netflix (NFLX) dramatically changed after the iPhone\u2019s launch. Before the iPhone, internet companies were growing. After, they started to spread like wildfire and take over the world. It was a critical inflection point \u2013 the \u201ctipping point\u201d for the internet revolution\u2026 The moment when everything changed. Of course, at the time, it didn\u2019t feel like that. The financial economy was collapsing because of the subprime loan meltdown. Unemployment rates were soaring. Stocks were crashing. Companies were going bankrupt. Home foreclosures were happening left and right. It felt like the end times, even for internet stocks like Amazon, Netflix, Alphabet, and the iPhone\u2019s maker, Apple. All those stocks dropped between 50% and 60% in 2008 \u2013 the year after the iPhone launched. What a crisis\u2026 And what an opportunity. Crisis Begets Opportunity For investors who were able to zoom out and look at the big picture, the financial crisis created the opportunity of a lifetime. It left internet stocks trading at dirt-cheap valuations just months after the emergence of the Internet Economy\u2019s biggest catalyst of all time \u2013 the iPhone. Those \u201cbig-picture\u201d investors were able to recognize that the economy wasn\u2019t going to collapse and that the 2008 crisis \u2013 like all financial crises before it \u2013 would pass. They were able to identify the iPhone\u2019s significance as a critical inflection point for the Internet Economy that would spark 10-plus years of super-charged growth. They were able to see the deep value in internet stocks. And they were smart enough to buy the dip in names like Amazon, Netflix, Apple, and Alphabet. As a result, those \u201cbig-picture\u201d investors have since made fortunes. Every $10,000 invested in Alphabet stock in late 2008 would be worth nearly $140,000 today. A $10,000 investment in Amazon or Apple stock in late 2008 would be worth nearly $

Predict whether the return of XLI 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 XLI starting 2023-05-16 was +8.20%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +11.4%, annualized vol 39.3%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=37289.62, end=41545.79, cumulative_return=+11.4%, annualized_volatility=39.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.24, 't10y3m_spread': -1.3, 'breakeven_10y': 2.34, 'hy_oas': 3.54, 'ig_oas': 1.01, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 13.300000190734863}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2024-01-22 was +26.45%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return -20.1%, annualized vol 79.0%. Market regime: bull.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=29.36, end=23.46, cumulative_return=-20.1%, annualized_volatility=79.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.01, 't10y3m_spread': -1.37, 'breakeven_10y': 2.15, 'hy_oas': 3.19, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.46, 'vix': 17.110000610351562}
Market regime: bull
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 2024-08-29 was +16.37%, which classifies as 'positive'.