VTI over past 60 days: cumulative return +2.6%, annualized vol 16.5%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=267.99, end=274.91, cumulative_return=+2.6%, annualized_volatility=16.5%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.15, 't10y3m_spread': -0.83, 'breakeven_10y': 2.21, 'hy_oas': 3.04, 'ig_oas': 0.9, 'ted_spread': 0.09, 'mortgage_30y': 6.12, 'vix': 20.489999771118164}
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 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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 VTI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: flat

Explanation: The actual 21-day forward return for VTI starting 2024-10-04 was -0.36%, which classifies as 'flat'.


BTC-USD over past 60 days: cumulative return +33.2%, annualized vol 46.3%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=70215.19, end=93530.23, cumulative_return=+33.2%, annualized_volatility=46.3%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.31, 't10y3m_spread': 0.31, 'breakeven_10y': 2.34, 'hy_oas': 2.84, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.85, 'vix': 15.949999809265137}
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 2024-12-30 was +10.12%, which classifies as 'positive'.


UNG over past 60 days: cumulative return -0.7%, annualized vol 58.2%. Market regime: sideways.

Question:
Asset: UNG
Historical prices (past 60 trading days): start=27.60, end=27.40, cumulative_return=-0.7%, annualized_volatility=58.2%
Macro context: {'fed_funds_rate': 5.07, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.91, 't10y3m_spread': -1.65, 'breakeven_10y': 2.22, 'hy_oas': 4.22, 'ig_oas': 1.35, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.880000114440918}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for UNG starting 2023-06-21 was -1.96%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return +28.0%, annualized vol 46.1%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1961.28, end=2511.36, cumulative_return=+28.0%, annualized_volatility=46.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.18, 't10y3m_spread': -1.49, 'breakeven_10y': 2.27, 'hy_oas': 3.54, 'ig_oas': 1.02, 'ted_spread': 0.09, 'mortgage_30y': 6.66, 'vix': 12.699999809265137}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for ETH-USD starting 2024-01-16 was -8.33%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return -7.7%, annualized vol 36.6%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3726.93, end=3440.42, cumulative_return=-7.7%, annualized_volatility=36.6%
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': -1.17, 'breakeven_10y': 2.3, 'hy_oas': 3.05, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 14.90999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for ETH-USD starting 2024-07-23 was -22.35%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return -19.8%, annualized vol 74.1%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=48.07, end=38.53, cumulative_return=-19.8%, annualized_volatility=74.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.32, 't10y3m_spread': -1.17, 'breakeven_10y': 2.32, 'hy_oas': 3.37, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 15.420000076293944}
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 2024-02-21 was +46.00%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return +21.3%, annualized vol 51.0%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.26, end=5.17, cumulative_return=+21.3%, annualized_volatility=51.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.37, 't10y3m_spread': -1.18, 'breakeven_10y': 2.21, 'hy_oas': 3.8, 'ig_oas': 1.11, 'ted_spread': 0.09, 'mortgage_30y': 7.29, 'vix': 12.979999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-29]

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

Answer: positive

Explanation: The actual 21-day forward return for DOT-USD starting 2023-11-30 was +52.98%, which classifies as 'positive'.


SCHH over past 60 days: cumulative return +7.3%, annualized vol 13.3%. Market regime: sideways.

Question:
Asset: SCHH
Historical prices (past 60 trading days): start=20.04, end=21.50, cumulative_return=+7.3%, annualized_volatility=13.3%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.13, 't10y3m_spread': -0.65, 'breakeven_10y': 2.33, 'hy_oas': 2.98, 'ig_oas': 0.84, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 20.459999084472656}
Market regime: sideways

Predict whether the return of SCHH 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 SCHH starting 2024-10-14 was -1.77%, which classifies as 'negative'.


SOL-USD over past 60 days: cumulative return +8.8%, annualized vol 62.9%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=18.90, end=20.56, cumulative_return=+8.8%, annualized_volatility=62.9%
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': -1.38, 'breakeven_10y': 2.3, 'hy_oas': 3.86, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 7.23, 'vix': 15.079999923706056}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-28]

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 2023-08-29 was -8.01%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +1.9%, annualized vol 39.4%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=312.93, end=318.95, cumulative_return=+1.9%, annualized_volatility=39.4%
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': -1.61, 'breakeven_10y': 2.27, 'hy_oas': 4.62, 'ig_oas': 1.43, 'ted_spread': 0.09, 'mortgage_30y': 6.28, 'vix': 19.09000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-12]

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

Answer: flat

Explanation: The actual 21-day forward return for BNB-USD starting 2023-04-13 was -0.32%, which classifies as 'flat'.


ADA-USD over past 60 days: cumulative return -19.0%, annualized vol 61.7%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.40, end=0.33, cumulative_return=-19.0%, annualized_volatility=61.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.16, 't10y3m_spread': -1.42, 'breakeven_10y': 2.12, 'hy_oas': 3.31, 'ig_oas': 0.98, 'ted_spread': 0.09, 'mortgage_30y': 6.49, 'vix': 15.229999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for ADA-USD starting 2024-08-16 was -4.77%, which classifies as 'negative'.


XLY over past 60 days: cumulative return +16.7%, annualized vol 17.9%. Market regime: sideways.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=69.22, end=80.80, cumulative_return=+16.7%, annualized_volatility=17.9%
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': -1.68, 'breakeven_10y': 2.21, 'hy_oas': 4.32, 'ig_oas': 1.35, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.199999809265137}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-21] ["Quality Dividend Growth ETF DGRW Hits Ten Years While the three-year ETF milestone has plenty of importance, consider the power of the ten year ETF birthday. That\u2019s the news for the WisdomTree U.S. Quality Dividend Growth Fund (DGRW) which had its ten year birthday in May. As part of its birthday celebrations, the strategy also added $268.6 million in net inflows, enough to lift the quality dividend ETF above $9 billion in AUM. That should invite advisors to consider the potent combination of quality and dividends. DGRW tracks the WisdomTree U.S. Quality Dividend Growth Index for a 28 basis point fee, and offers a 2.01% annual dividend yield as of May. The index tracks the performance of large and mid-cap dividend-paying U.S. stocks that fit a growth framework. DGRW focuses on dividend growth potential rather than just looking backwards at past dividend increases. It does so by looking at forward-looking earnings estimates based on things like historical return on assets (ROA) and return on equity (ROE). That approach has helped the quality dividend growth ETF outperform the S&P 500 Index by 0.22% annually over the last ten years. The strategy goes back to some solid research from the firm\u2019s now Global CIO Jeremy Schwartz and Global Head of Research Christopher Gannatti. Those white papers focused on the rationale behind using ROE and ROA with a forward-looking dividend growth screen. Combining the two has helped DGRW limit reliance on superficially high ROE figures caused by firms taking on leverage, for example. Together, that\u2019s helped its index look forward compared to the NASDAQ U.S. Dividend Achievers Select Index which requires ten consecutive years of dividend growth. That requirement, DGRW\u2019s managers fear, may fail to capture growth opportunities. See more: \u201cDigging Into Up-and-Coming Quality Growth ETF QGRW\u201d For example, Apple (AAPL) joined the WisdomTree U.S. Dividend Growth Index back in 2013, but wasn\u2019t eligible for the NASDAQ index until 2023, per an old WisdomTree blog. Taken together, those research lessons have helped DGRW return 21% over the last year and 15.5% over the last three years. That\u2019s helped DGRW outperform its ETF Database Category and Factset Segment averages in those time frames. For investors looking for a quality dividend growth ETF, DGRW stands out as one to consider. For more news, information, and analysis, visit the Modern Alpha Channel. Read more on ETFtrends.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Turnkey Tech Investing: May 2023 Market Brief For some time, markets have been grappling with a handful of counteracting dynamics, including the clash between the bulls and the bears, the interplay between stimulus and inflation, and the delicate balance between growth and rate hikes. Adding to the mix in May was the US debt-ceiling conundrum and, of course, the \u2018emerge

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 2023-06-22 was +2.14%, which classifies as 'positive'.


QUAL over past 60 days: cumulative return +2.0%, annualized vol 14.3%. Market regime: sideways.

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=162.27, end=165.51, cumulative_return=+2.0%, annualized_volatility=14.3%
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': -1.43, 'breakeven_10y': 2.11, 'hy_oas': 3.52, 'ig_oas': 1.05, 'ted_spread': 0.09, 'mortgage_30y': 6.47, 'vix': 20.709999084472656}
Market regime: sideways
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: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 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 2024-08-13 was +2.93%, which classifies as 'positive'.


QUAL over past 60 days: cumulative return +7.7%, annualized vol 22.9%. Market regime: sideways.

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=101.78, end=109.62, cumulative_return=+7.7%, annualized_volatility=22.9%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.61, 't10y3m_spread': -0.74, 'breakeven_10y': 2.26, 'hy_oas': 4.7, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 22.89999961853028}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-03] ["US STOCKS-Wall St starts the year with a dip; Apple, Tesla shares drag By Sin\u00e9ad Carew and Amruta Khandekar Jan 3 (Reuters) - Wall Street's main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve's interest-rate hiking path as they awaited minutes from its December meeting. Shares in electric vehicle maker Tesla Inc TSLA.O closed down 12% after hitting their lowest level since August 2020 and put pressure on the consumer discretionary sector .SPLRCD following a miss on Wall Street estimates for fourth-quarter deliveries. Apple Inc AAPL.O shares sank 3.7%, with the iPhone maker hitting its lowest level since June 2021, after a report from Nikkei Asia pointed to weaker demand. In addition, an analyst downgraded their rating of the stock due to production cuts in COVID-19-hit China. The energy sector .SPNY, which logged stellar gains in 2022, closed down 3.6% in the year's first trading day as oil prices fell on bleak business activity data from China and concerns about the global economic outlook. O/R. The main U.S. stock indexes in 2022 showed their steepest annual losses since 2008 following the Fed's fastest pace of rate hikes since the 1980s to stamp out decades-high inflation. \"2022 was a terrible year for equity markets. Some of the reasons for that haven't dissipated because we turned the calendar,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. \"There's still elevated anxiety, uncertainty about the Fed and inflation. Until there's clarity on that, it's going to be tough to make any upside headway in equity markets.\" Given Apple and Tesla's clout in the market, James also cited specific concerns about them for broader S&P weakness Tuesday. The Dow Jones Industrial Average .DJI fell 10.88 points, or 0.03%, to 33,136.37; the S&P 500 .SPX lost 15.36 points, or 0.40%, to 3,824.14; and the Nasdaq Composite .IXIC dropped 79.50 points, or 0.76%, to 10,386.99. The S&P 500 had shed 19.4% in 2022, marking a roughly $8 trillion decline in market capitalization, while the Nasdaq fell 33.1%, dragged down by growth stocks. Among the S&P 500's 11 major sectors, behind energy, technology was the second biggest decliner, losing 1%, with Apple hastening the decline as it ended the day with a market valuation below $2 trillion for the first time since March 2021. Tesla's biggest daily percentage drop since September 2020 helped make the consumer discretionary index .SPLRCD the S&P's third weakest sector on the day with a 0.6% drop. The benchmark's biggest gainer on the day was communications services .SPLRCL, with Facebook parent Meta Platforms Inc META.O leading the advancers there with a gain of 3.7%. Investors on Wednesday will closely monitor the minutes of the Fed's December policy meeting, when the central bank raised interest rates by 50 basis points after four straight 75 basis points hikes and sign

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 2023-01-04 was +8.89%, which classifies as 'positive'.


MTUM over past 60 days: cumulative return +6.8%, annualized vol 12.7%. Market regime: bull.

Question:
Asset: MTUM
Historical prices (past 60 trading days): start=199.43, end=213.03, cumulative_return=+6.8%, annualized_volatility=12.7%
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': 0.02, 'breakeven_10y': 2.32, 'hy_oas': 2.69, 'ig_oas': 0.78, 'ted_spread': 0.09, 'mortgage_30y': 6.6, 'vix': 14.6899995803833}
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 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 2024-12-17 was +2.18%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return +30.8%, annualized vol 67.5%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=16.64, end=21.77, cumulative_return=+30.8%, annualized_volatility=67.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.66, 't10y3m_spread': -1.29, 'breakeven_10y': 2.32, 'hy_oas': 4.02, 'ig_oas': 1.27, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 17.299999237060547}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-20]

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 2023-08-21 was -16.36%, which classifies as 'negative'.


XLK over past 60 days: cumulative return +16.9%, annualized vol 18.3%. Market regime: sideways.

Question:
Asset: XLK
Historical prices (past 60 trading days): start=73.07, end=85.38, cumulative_return=+16.9%, annualized_volatility=18.3%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.86, 't10y3m_spread': -1.61, 'breakeven_10y': 2.26, 'hy_oas': 3.95, 'ig_oas': 1.27, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 13.539999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-12] ["Better Buy: AMD vs. Apple Tech stocks have enjoyed a rally this year after falling out of favor in 2022. The market appears to be in recovery mode after last year's macroeconomic headwinds led to reductions in consumer spending. As a result, many stocks are trending up, making now an excellent time to invest in some of the industry's leaders before their stocks climb any higher. Advanced Micro Devices (NASDAQ: AMD) and Apple (NASDAQ: AAPL) are two attractive options, with one producing powerful chips for multiple companies and the other the king of consumer tech. AMD and Apple's stocks have soared 75% and 47% since the start of the year. However, a potential bull market suggests they could have more room to rise. Meanwhile, advances in technologies like artificial intelligence (AI) and virtual/augmented reality (VR/AR) could further bolster the companies. AMD and Apple are compelling investment options. However, before adding both to your portfolio, it's wise to get the most out of your investment by understanding which is currently the better buy. So, let's examine whether AMD or Apple's stock is the best option. Advanced Micro Devices Chipmakers like AMD have become a favorite on Wall Street this year thanks to the endless potential of markets like AI and cloud computing. These industries require high-powered chips to develop, with AMD one of a handful of companies producing the necessary hardware. The company seemed to start 2023 at a disadvantage, with its biggest competitor, Nvidia, getting a head start in AI. However, the AI market is expected to expand at a compound annual growth rate (CAGR) of 37% through 2030, indicating there will be plenty of opportunities for AMD to snap up market share over the long term. Meanwhile, many of Nvidia's clients are rooting for AMD as more competition means lower prices for AI chips. As a result, cloud giant Microsoft has stepped in to support AMD's AI chip expansion by providing financial and engineering resources with the aim of creating an alternative to Nvidia. The collaboration is promising, considering Microsoft holds exclusive licenses on multiple OpenAI models. The Windows company's guidance will likely prove invaluable to AMD. It will take time for AMD to catch up to Nvidia. However, it has a better chance than most with its successful chip business and massive support from other tech companies. Apple This year, Apple has become the first company to achieve a market capitalization of $3 trillion. The achievement highlights the stability of Apple's stock over the years, with its shares rising over 1,000% in the last decade. The company's priority on quality products presented with an easy-to-use design language has created immense brand loyalty worldwide and allowed Apple to charge a premium for its devices. As a result, the tech giant's annual revenue has risen 48% since 2018, with operating income up 68%. Meanwhile, Apple has achieved a leading market share in multiple areas, including smartph

Predict whether the return of XLK 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 XLK starting 2023-07-13 was -5.30%, which classifies as 'negative'.


QUAL over past 60 days: cumulative return +11.8%, annualized vol 13.2%. Market regime: sideways.

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=115.89, end=129.56, cumulative_return=+11.8%, annualized_volatility=13.2%
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 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 2023-06-19 was +3.68%, which classifies as 'positive'.


IVV over past 60 days: cumulative return +10.7%, annualized vol 11.9%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=397.88, end=440.59, cumulative_return=+10.7%, annualized_volatility=11.9%
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': -1.68, 'breakeven_10y': 2.22, 'hy_oas': 3.89, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 13.760000228881836}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-19] ["Technology Sector Update for 07/19/2023: AAPL, U, MSFT, ATVI Tech stocks were lower Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) decreasing 0.5% and the Philadelphia Semiconductor index falling 1.1%. In company news, Apple (AAPL) has been working on generative artificial intelligence tools to catch up with rivals, but it hasn't decided yet how to release the new technology to consumers, Bloomberg reported Wednesday. Apple shares were adding 0.5%. Unity Software (U) was up 1.7% after the company launched its beta program for visionOS, the operating system that powers Apple's Vision Pro. Microsoft (MSFT) and Activision Blizzard (ATVI) revised some terms of their planned deal and extended the time period by which the companies must close the deal as they seek to resolve the remaining regulatory hurdles. Microsoft shares fell1.9% and Activision dropped 0.5%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News Updates shares, adds details from the report and background July 19 (Reuters) - Apple AAPL.O is working on artificial intelligence(AI) offerings similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported on Wednesday, sending its shares up as much as 2% to a record high. The iPhone maker has built its own framework, known as \"Ajax\", to create large language models (LLMs) and is also testing a chatbot that some engineers call \"Apple GPT\", the report said,citing people with knowledge of the matter. The company did not respond to a Reuters request for comment. Apple has so far held back from any big moves in AI and even avoided mentioning the buzzword at its developer conference in June - in stark contrast to other tech giants such as Alphabet GOOGL.O and Microsoft MSFT.Owhich have made bold moves to incorporate the breakthrough technology. Shares of Microsoft, Nvidia NVDA.O and Alphabet dropped more than 1% after the report. Apple has, however, subtly pushed advanced AI in some of its products such as Apple Photos, on device texting, and the recently launched mixed-reality headset Vision Pro. Still, analysts say the company is behind peers in incorporating the new technology. Apple's core AI product, voice assistant Siri, has also stagnated over the years. The Bloomberg report said several teams are involved in the latest AI effort, which is led by John Giannandrea, the company's head of machine learning and AI, andCraig Federighi, Apple's top software engineering executive. Apple's new virtual assistant summarizes text and answers questions based on data it has been trained with, and is being used internally for product prototyping, according to the report. Employees say the tool essentially replicates Bard, ChatGPT and Bing AI, and works as a web application. Apple does not yet have a concrete plan for the tools it is developing, but it is aiming

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

Answer: negative

Explanation: The actual 21-day forward return for IVV starting 2023-07-20 was -3.50%, which classifies as 'negative'.


SHV over past 60 days: cumulative return +1.3%, annualized vol 0.3%. Market regime: sideways.

Question:
Asset: SHV
Historical prices (past 60 trading days): start=98.25, end=99.54, cumulative_return=+1.3%, annualized_volatility=0.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.741, 'unemployment': 3.8, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.44, 't10y3m_spread': -1.53, 'breakeven_10y': 2.19, 'hy_oas': 3.41, 'ig_oas': 1.07, 'ted_spread': 0.09, 'mortgage_30y': 6.67, 'vix': 13.649999618530272}
Market regime: sideways

Predict whether the return of SHV 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 SHV starting 2023-12-22 was +0.39%, which classifies as 'flat'.


SOL-USD over past 60 days: cumulative return +64.2%, annualized vol 65.7%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=15.31, end=25.14, cumulative_return=+64.2%, annualized_volatility=65.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.77, 't10y3m_spread': -1.37, 'breakeven_10y': 2.36, 'hy_oas': 3.79, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 14.81999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-14]

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 2023-08-15 was -15.17%, which classifies as 'negative'.


IEF over past 60 days: cumulative return -1.4%, annualized vol 6.8%. Market regime: bull.

Question:
Asset: IEF
Historical prices (past 60 trading days): start=88.40, end=87.21, cumulative_return=-1.4%, annualized_volatility=6.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.29, 't10y3m_spread': -1.21, 'breakeven_10y': 2.33, 'hy_oas': 3.11, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 13.1899995803833}
Market regime: bull

Predict whether the return of IEF 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 IEF starting 2024-03-26 was -2.68%, which classifies as 'negative'.


DOT-USD over past 60 days: cumulative return +67.7%, annualized vol 109.6%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=4.13, end=6.93, cumulative_return=+67.7%, annualized_volatility=109.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.28, 't10y3m_spread': 0.23, 'breakeven_10y': 2.35, 'hy_oas': 2.86, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.85, 'vix': 14.729999542236328}
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 2024-12-27 was +8.91%, which classifies as 'positive'.


XHB over past 60 days: cumulative return +32.1%, annualized vol 22.1%. Market regime: sideways.

Question:
Asset: XHB
Historical prices (past 60 trading days): start=69.55, end=91.88, cumulative_return=+32.1%, annualized_volatility=22.1%
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': -1.37, 'breakeven_10y': 2.3, 'hy_oas': 3.62, 'ig_oas': 1.02, 'ted_spread': 0.09, 'mortgage_30y': 6.66, 'vix': 14.789999961853027}
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 2024-01-18 was +4.01%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return +12.4%, annualized vol 53.0%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.53, end=0.60, cumulative_return=+12.4%, annualized_volatility=53.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.14, 't10y3m_spread': -1.12, 'breakeven_10y': 2.28, 'hy_oas': 3.08, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 18.459999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for XRP-USD starting 2024-07-26 was -6.55%, which classifies as 'negative'.


ACWI over past 60 days: cumulative return +5.5%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=83.59, end=88.16, cumulative_return=+5.5%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 303.334, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.58, 't10y3m_spread': -1.59, 'breakeven_10y': 2.24, 'hy_oas': 4.62, 'ig_oas': 1.45, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 16.809999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-19] ["Warren Buffett on Apple, Banks, and Value Investing In this podcast, Motley Fool senior analyst Jason Moser discusses: Berkshire Hathaway's first-quarter results and highlights from the annual meeting. Buffett's comments about Apple and the banking industry. Charlie Munger's warning about overdiversification. Motley Fool senior analyst Jim Gillies talks about the vibe at the Berkshire Hathaway annual meeting. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Berkshire Hathaway When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now\u2026 and Berkshire Hathaway wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 8, 2023 This video was recorded on May 8, 2023. Chris Hill: Omaha, somewhere in Middle America. We're going to get right to the heart of the matter of the Berkshire Hathaway Annual Meeting. Motley Fool Money starts now. [music] I'm Chris Hill. Joining me in studio: Motley Fool Senior Analyst Jason Moser. Thanks for being here. Jason Moser: Hey, thanks for having me. Chris Hill: Let's talk a little about Berkshire Hathaway, shall we? Jason Moser: Sure. Chris Hill: We're going to get to the Q&A in a second. I do just want to point out, I think it's a sign of what an event the Berkshire Hathaway Annual Meeting is and how much attention is paid to the marathon Q&A session that Buffett and Charlie Munger do that we basically all, as an investment community, just basically missed the fact that they reported first-quarter earnings. Jason Moser: That is so secondary. Chris Hill: It's just like, oh, by the way, the results were better than expected. Geico is profitable again after a year and a half of not being profitable. Berkshire Hathaway now has $130 billion in cash. That aside... Jason Moser: They're in a good spot, Chris. Chris Hill: Let's get to some of the highlights from the Q&A session. And the thing that stood out to me, both as a Berkshire Hathaway shareholder and as a shareholder of Apple, is the flowers that Buffett was throwing at Apple, basically saying, this is the best business we invest in. Jason Moser: For the longest time, they really steered clear of \"tech stocks\" because they just felt like it was outside of their circle of competence, so to speak. I think Apple transcends that. I have always said Apple is literally a company that could stamp its brand on a rock and sell 3 million, no questions asked. It is that powerful, and I'm not even kidding. I absolutely believe that. Chris Hill: The iRock. Jason Moser: People just say, hey, it's a special r

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

Answer: positive

Explanation: The actual 21-day forward return for ACWI starting 2023-05-22 was +2.95%, which classifies as 'positive'.


XLY over past 60 days: cumulative return -1.0%, annualized vol 14.8%. Market regime: bull.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=90.70, end=89.79, cumulative_return=-1.0%, annualized_volatility=14.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.45, 't10y3m_spread': -1.24, 'breakeven_10y': 2.23, 'hy_oas': 3.21, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 13.199999809265137}
Market regime: bull
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of XLY 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 XLY starting 2024-06-24 was -0.08%, which classifies as 'flat'.


LINK-USD over past 60 days: cumulative return +58.3%, annualized vol 84.5%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=8.90, end=14.10, cumulative_return=+58.3%, annualized_volatility=84.5%
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': -1.5, 'breakeven_10y': 2.19, 'hy_oas': 3.46, 'ig_oas': 1.05, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.529999732971191}
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 2023-12-20 was +5.67%, which classifies as 'positive'.


IAU over past 60 days: cumulative return -1.6%, annualized vol 15.5%. Market regime: sideways.

Question:
Asset: IAU
Historical prices (past 60 trading days): start=50.20, end=49.39, cumulative_return=-1.6%, annualized_volatility=15.5%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.3, 't10y3m_spread': 0.19, 'breakeven_10y': 2.35, 'hy_oas': 2.86, 'ig_oas': 0.82, 'ted_spread': 0.09, 'mortgage_30y': 6.72, 'vix': 14.270000457763672}
Market regime: sideways

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

Answer: positive

Explanation: The actual 21-day forward return for IAU starting 2024-12-26 was +5.21%, which classifies as 'positive'.


XRP-USD over past 60 days: cumulative return +21.1%, annualized vol 45.1%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.51, end=0.62, cumulative_return=+21.1%, annualized_volatility=45.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.45, 't10y3m_spread': -1.07, 'breakeven_10y': 2.26, 'hy_oas': 3.85, 'ig_oas': 1.14, 'ted_spread': 0.09, 'mortgage_30y': 7.29, 'vix': 12.460000038146973}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-26]

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 2023-11-27 was +1.39%, which classifies as 'positive'.


XHB over past 60 days: cumulative return +27.6%, annualized vol 26.0%. Market regime: sideways.

Question:
Asset: XHB
Historical prices (past 60 trading days): start=55.15, end=70.40, cumulative_return=+27.6%, annualized_volatility=26.0%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.69, 't10y3m_spread': -1.26, 'breakeven_10y': 2.22, 'hy_oas': 3.94, 'ig_oas': 1.21, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 18.729999542236328}
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: negative

Explanation: The actual 21-day forward return for XHB starting 2023-02-03 was -4.34%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return +55.2%, annualized vol 43.1%. Market regime: bull.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=62236.66, end=96593.57, cumulative_return=+55.2%, annualized_volatility=43.1%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.02, 't10y3m_spread': -0.29, 'breakeven_10y': 2.25, 'hy_oas': 2.66, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 13.539999961853027}
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for BTC-USD starting 2024-12-06 was -5.76%, which classifies as 'negative'.


XLV over past 60 days: cumulative return +6.0%, annualized vol 12.4%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=142.33, end=150.80, cumulative_return=+6.0%, annualized_volatility=12.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.09, 't10y3m_spread': -1.14, 'breakeven_10y': 2.12, 'hy_oas': 3.21, 'ig_oas': 0.95, 'ted_spread': 0.09, 'mortgage_30y': 6.2, 'vix': 18.229999542236328}
Market regime: sideways
Recent filing/news:
[SEC 10-Q WMT 2024-08-30] wmt-20240731 0000104169 1/31 2025 Q2 false xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:JPY wmt:state wmt:county wmt:defendant wmt:case wmt:classAction wmt:securitiesClassAction wmt:shareholder wmt:order wmt:pharmacist wmt:segment 0000104169 2024-02-01 2024-07-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2024-02-01 2024-07-31 0000104169 wmt:A2.550NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1050NotesDue2026Member 2024-02-01 2024-07-31 0000104169 wmt:A1500NotesDue2028Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2029Member 2024-02-01 2024-07-31 0000104169 wmt:A5750NotesDue2030Member 2024-02-01 2024-07-31 0000104169 wmt:A1800NotesDue2031Member 2024-02-01 2024-07-31 0000104169 wmt:A5625NotesDue2034Member 2024-02-01 2024-07-31 0000104169 wmt:A5250NotesDue2035Member 2024-02-01 2024-07-31 0000104169 wmt:A4875NotesDue2039Member 2024-02-01 2024-07-31 0000104169 2024-08-28 0000104169 2024-05-01 2024-07-31 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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 XLV over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for XLV starting 2024-09-19 was -1.42%, which classifies as 'negative'.


VLUE over past 60 days: cumulative return +6.5%, annualized vol 10.3%. Market regime: bull.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=95.98, end=102.26, cumulative_return=+6.5%, annualized_volatility=10.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.27, 't10y3m_spread': -1.25, 'breakeven_10y': 2.24, 'hy_oas': 3.19, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.89, 'vix': 12.460000038146973}
Market regime: bull
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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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 VLUE over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: negative

Explanation: The actual 21-day forward return for VLUE starting 2024-07-15 was -4.70%, which classifies as 'negative'.