QQQ over past 60 days: cumulative return +0.4%, annualized vol 16.8%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=420.12, end=421.88, cumulative_return=+0.4%, annualized_volatility=16.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.24, 't10y3m_spread': -0.81, 'breakeven_10y': 2.41, 'hy_oas': 3.19, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 7.1, 'vix': 15.970000267028809}
Market regime: sideways
Recent filing/news:
[SEC 10-K WMT 2024-03-15] wmt-20240131 0000104169 2024 FY false http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent P1Y P5Y 0000104169 2023-02-01 2024-01-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2023-02-01 2024-01-31 0000104169 wmt:A2.550NotesDue2026Member 2023-02-01 2024-01-31 0000104169 wmt:A1050NotesDue2026Member 2023-02-01 2024-01-31 0000104169 wmt:A1500NotesDue2028Member 2023-02-01 2024-01-31 0000104169 wmt:A4875NotesDue2029Member 2023-02-01 2024-01-31 0000104169 wmt:A5750NotesDue2030Member 2023-02-01 2024-01-31 0000104169 wmt:A1800NotesDue2031Member 2023-02-01 2024-01-31 0000104169 wmt:A5625NotesDue2034Member 2023-02-01 2024-01-31 0000104169 wmt:A5250NotesDue2035Member 2023-02-01 2024-01-31 0000104169 wmt:A4875NotesDue2039Member 2023-02-01 2024-01-31 0000104169 2023-07-31 iso4217:USD 0000104169 2024-03-13 xbrli:shares 0000104169 2022-02-01 2023-01-31 0000104169 2021-02-01 2022-01-31 iso4217:USD xbrli:shares 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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 QQQ over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for QQQ starting 2024-04-25 was +7.89%, which classifies as 'positive'.


^VIX over past 60 days: cumulative return +5.9%, annualized vol 84.1%. Market regime: sideways.

Question:
Asset: ^VIX
Historical prices (past 60 trading days): start=13.85, end=14.67, cumulative_return=+5.9%, annualized_volatility=84.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.34, 't10y3m_spread': -0.82, 'breakeven_10y': 2.41, 'hy_oas': 3.12, 'ig_oas': 0.9, 'ted_spread': 0.09, 'mortgage_30y': 7.17, 'vix': 14.670000076293944}
Market regime: sideways
Recent filing/news:
[SEC 10-K WMT 2024-03-15] wmt-20240131 0000104169 2024 FY false http://fasb.org/us-gaap/2023#AccountsPayableCurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent P1Y P5Y 0000104169 2023-02-01 2024-01-31 0000104169 wmt:CommonStockparvalue0.10pershareMember 2023-02-01 2024-01-31 0000104169 wmt:A2.550NotesDue2026Member 2023-02-01 2024-01-31 0000104169 wmt:A1050NotesDue2026Member 2023-02-01 2024-01-31 0000104169 wmt:A1500NotesDue2028Member 2023-02-01 2024-01-31 0000104169 wmt:A4875NotesDue2029Member 2023-02-01 2024-01-31 0000104169 wmt:A5750NotesDue2030Member 2023-02-01 2024-01-31 0000104169 wmt:A1800NotesDue2031Member 2023-02-01 2024-01-31 0000104169 wmt:A5625NotesDue2034Member 2023-02-01 2024-01-31 0000104169 wmt:A5250NotesDue2035Member 2023-02-01 2024-01-31 0000104169 wmt:A4875NotesDue2039Member 2023-02-01 2024-01-31 0000104169 2023-07-31 iso4217:USD 0000104169 2024-03-13 xbrli:shares 0000104169 2022-02-01 2023-01-31 0000104169 2021-02-01 2022-01-31 iso4217:USD xbrli:shares 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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 ^VIX 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 ^VIX starting 2024-04-30 was -7.54%, which classifies as 'negative'.


SOL-USD over past 60 days: cumulative return -29.9%, annualized vol 49.5%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=26.87, end=18.84, cumulative_return=-29.9%, annualized_volatility=49.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.71, 't10y3m_spread': -1.26, 'breakeven_10y': 2.34, 'hy_oas': 3.78, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 7.18, 'vix': 12.81999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-14]

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

Answer: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2023-09-15 was +22.20%, which classifies as 'positive'.


EEM over past 60 days: cumulative return -4.5%, annualized vol 16.3%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=38.39, end=36.68, cumulative_return=-4.5%, annualized_volatility=16.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.68, 't10y3m_spread': -1.26, 'breakeven_10y': 2.35, 'hy_oas': 3.82, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 7.12, 'vix': 13.800000190734863}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-11] ["Notable Monday Option Activity: AAPL, GS, SJM Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Apple Inc (Symbol: AAPL), where a total of 604,734 contracts have traded so far, representing approximately 60.5 million underlying shares. That amounts to about 107% of AAPL's average daily trading volume over the past month of 56.5 million shares. Particularly high volume was seen for the $180 strike call option expiring September 15, 2023, with 83,977 contracts trading so far today, representing approximately 8.4 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $180 strike highlighted in orange: Goldman Sachs Group Inc (Symbol: GS) options are showing a volume of 15,558 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 90.5% of GS's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $400 strike put option expiring January 19, 2024, with 1,280 contracts trading so far today, representing approximately 128,000 underlying shares of GS. Below is a chart showing GS's trailing twelve month trading history, with the $400 strike highlighted in orange: And J.M. Smucker Co. (Symbol: SJM) options are showing a volume of 7,373 contracts thus far today. That number of contracts represents approximately 737,300 underlying shares, working out to a sizeable 73% of SJM's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $140 strike call option expiring October 20, 2023, with 1,210 contracts trading so far today, representing approximately 121,000 underlying shares of SJM. Below is a chart showing SJM's trailing twelve month trading history, with the $140 strike highlighted in orange: For the various different available expirations for AAPL options, GS options, or SJM options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 \u00bb Also see: \u0095 Dow Average Annual Return \u0095 ZLS shares outstanding history \u0095 Funds Holding USMR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "The 3 Most Undervalued AI Chip Stocks to Buy in September 2023 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Artificial intelligence has been around for a while, but tools like ChatGPT have brought this innovative technology into the spotlight. A growing number of companies want to create their own AI-powered tools. When many companies and consumers rush toward a technological innovation, it presents an opportunity for investors. Some publicly-traded companies stand to immensely benefit from the surge of artificial intelligence tools. Other have plenty of runway to generate robust gains for investors. With that said, art

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 2023-09-12 was -1.64%, which classifies as 'negative'.


VTI over past 60 days: cumulative return +6.7%, annualized vol 14.9%. Market regime: bull.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=253.99, end=270.99, cumulative_return=+6.7%, annualized_volatility=14.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.09, 't10y3m_spread': -1.42, 'breakeven_10y': 2.15, 'hy_oas': 3.15, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.46, 'vix': 16.149999618530273}
Market regime: bull
Recent filing/news:
[SEC 10-Q UNH 2024-08-09] unh-20240630 false 2024 Q2 0000731766 12/31 50 xbrli:shares iso4217:USD iso4217:USD xbrli:shares utr:Rate xbrli:pure unh:reportableSegments 0000731766 2024-01-01 2024-06-30 0000731766 2024-07-31 0000731766 2024-06-30 0000731766 2023-12-31 0000731766 2024-04-01 2024-06-30 0000731766 2023-04-01 2023-06-30 0000731766 2023-01-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-04-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-04-01 2023-06-30 0000731766 us-gaap:ProductMember 2024-01-01 2024-06-30 0000731766 us-gaap:ProductMember 2023-01-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-04-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-04-01 2023-06-30 0000731766 us-gaap:ServiceMember 2024-01-01 2024-06-30 0000731766 us-gaap:ServiceMember 2023-01-01 2023-06-30 0000731766 us-gaap:CommonStockMember 2024-03-31 0000731766 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000731766 us-gaap:RetainedEarningsMember 2024-03-31 0000731766 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us-gaap: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 VTI over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for VTI starting 2024-08-27 was +2.19%, which classifies as 'positive'.


MATIC-USD over past 60 days: cumulative return -8.2%, annualized vol 57.9%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.40, end=0.37, cumulative_return=-8.2%, annualized_volatility=57.9%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.07, 't10y3m_spread': -0.69, 'breakeven_10y': 2.29, 'hy_oas': 2.94, 'ig_oas': 0.85, 'ted_spread': 0.09, 'mortgage_30y': 6.12, 'vix': 20.86000061035156}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for MATIC-USD starting 2024-10-10 was -13.54%, which classifies as 'negative'.


ACWI over past 60 days: cumulative return +5.9%, annualized vol 9.4%. Market regime: bull.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=113.32, end=120.06, cumulative_return=+5.9%, annualized_volatility=9.4%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.05, 't10y3m_spread': -0.27, 'breakeven_10y': 2.24, 'hy_oas': 2.67, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 12.770000457763672}
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 ACWI 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 ACWI starting 2024-12-09 was -2.95%, which classifies as 'negative'.


VNQ over past 60 days: cumulative return +19.3%, annualized vol 14.1%. Market regime: sideways.

Question:
Asset: VNQ
Historical prices (past 60 trading days): start=76.95, end=91.80, cumulative_return=+19.3%, annualized_volatility=14.1%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.14, 't10y3m_spread': -1.07, 'breakeven_10y': 2.17, 'hy_oas': 3.1, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 16.329999923706055}
Market regime: sideways

Predict whether the return of VNQ 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 VNQ starting 2024-09-20 was -1.42%, which classifies as 'negative'.


TLT over past 60 days: cumulative return +11.6%, annualized vol 20.6%. Market regime: sideways.

Question:
Asset: TLT
Historical prices (past 60 trading days): start=85.05, end=94.88, cumulative_return=+11.6%, annualized_volatility=20.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.7, 't10y3m_spread': -1.32, 'breakeven_10y': 2.2, 'hy_oas': 4.39, 'ig_oas': 1.3, 'ted_spread': 0.09, 'mortgage_30y': 6.15, 'vix': 20.520000457763672}
Market regime: sideways

Predict whether the return of TLT 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 TLT starting 2023-01-20 was -3.35%, which classifies as 'negative'.


VNQI over past 60 days: cumulative return -10.9%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: VNQI
Historical prices (past 60 trading days): start=36.96, end=32.95, cumulative_return=-10.9%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.28, 't10y3m_spread': -0.7, 'breakeven_10y': 2.44, 'hy_oas': 4.32, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 19.21999931335449}
Market regime: sideways

Predict whether the return of VNQI 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 VNQI starting 2023-10-19 was +9.13%, which classifies as 'positive'.


IYR over past 60 days: cumulative return -4.4%, annualized vol 21.1%. Market regime: sideways.

Question:
Asset: IYR
Historical prices (past 60 trading days): start=81.81, end=78.17, cumulative_return=-4.4%, annualized_volatility=21.1%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.51, 't10y3m_spread': -1.65, 'breakeven_10y': 2.29, 'hy_oas': 4.49, 'ig_oas': 1.42, 'ted_spread': 0.09, 'mortgage_30y': 6.27, 'vix': 17.799999237060547}
Market regime: sideways

Predict whether the return of IYR 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 IYR starting 2023-04-14 was +1.17%, which classifies as 'positive'.


IWM over past 60 days: cumulative return +4.0%, annualized vol 24.7%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=160.49, end=166.96, cumulative_return=+4.0%, annualized_volatility=24.7%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.74, 't10y3m_spread': -0.95, 'breakeven_10y': 2.22, 'hy_oas': 4.58, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 6.48, 'vix': 22.459999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-01-05] ["POLL-Taiwan exports seen declining for fourth straight month in December For poll data click: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=TWCPIY%3DECI Exports median forecast -13.3% y/y (prior month -13.1%) Imports median forecast -10.2% y/y (prior month -8.6%) Balance median forecast $3.45 bln (prior month $3.43 bln) CPI median forecast +2.5% y/y (prior month +2.35%) Trade due Saturday, Jan. 7, 4:00 p.m. (0800 GMT) CPI due Friday, Jan. 6, 4:00 p.m. (0800 GMT) TAIPEI, Jan 5 (Reuters) - Taiwan's exports in December likely dropped from a year earlier for the fourth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and COVID-19 controls in China, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc AAPL.O, is one of Asia's leading exporters of technology goods. The trade data is seen as an important gauge of world demand for tech gadgets. Exports last month were estimated to have dropped 13.3% from a year earlier, a Reuters poll of 12 analysts showed on Thursday, slightly faster than the 13.1% annual contraction seen in November. The export forecasts varied widely, projecting a contraction of between 7.9% and 19.5%. The variation reflected uncertainties over the global economy, supply chain disruptions due to pandemic lockdowns in China, and the fallout of Russia and Ukraine war. Taiwan's finance ministry said last month December exports could be down by 8% to 12% from a year earlier. Separately, the consumer price index was expected to have been 2.5% higher in December than a year earlier, rising faster than the 2.35% annual rate seen in November, according to the poll. The inflation data will be released on Friday followed by the trade data on Saturday. (Reporting By Yimou Lee; Polling by Anant Chandak; Editing by Bradley Perrett) ((yimou.lee@thomsonreuters.com; +886-2-8729-5122;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Qualcomm, Iridium partner to bring satellite-based messaging to Android phones Jan 5 (Reuters) - Qualcomm Inc QCOM.O has partnered with Iridium Communications Inc IRDM.O to provide a satellite-based messaging service on premium smartphones running Google's Android operating system, the chipmaker said on Thursday. The partnership comes months after Apple Inc AAPL.O unveiled a similar feature allowing iPhone 14 models to send emergency messages via satellite in some countries such as the United States and Canada. Those phones also contain a Qualcomm chip that can talk to satellites when there is no Wi-Fi or cellular data connection. Qualcomm said on Thursday the new service, Snapdragon Satellite, will be available in certain regions from the second half of 2023 starting devices using the second generation Snapdragon 8 mobile platform. Snapdragon Satellite can also be enabled on other devices including laptops, vehicles and

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

Answer: positive

Explanation: The actual 21-day forward return for IWM starting 2023-01-06 was +9.33%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +56.8%, annualized vol 98.6%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=24.89, end=39.03, cumulative_return=+56.8%, annualized_volatility=98.6%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.29, 't10y3m_spread': 0.23, 'breakeven_10y': 2.32, 'hy_oas': 2.85, 'ig_oas': 0.82, 'ted_spread': 0.09, 'mortgage_30y': 6.72, 'vix': 16.780000686645508}
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 2024-12-24 was -11.43%, which classifies as 'negative'.


^VIX over past 60 days: cumulative return -8.4%, annualized vol 85.2%. Market regime: sideways.

Question:
Asset: ^VIX
Historical prices (past 60 trading days): start=13.04, end=11.94, cumulative_return=-8.4%, annualized_volatility=85.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.044, 'unemployment': 4.1, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.44, 't10y3m_spread': -1.27, 'breakeven_10y': 2.21, 'hy_oas': 3.2, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 11.9399995803833}
Market regime: sideways
Recent filing/news:
[SEC 10-Q BLK 2024-05-07] 10-Q --12-31 Q1 0001364742 false http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#OtherAssets http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense http://fasb.org/us-gaap/2023#NonoperatingIncomeExpense 2024-06 2024-03 2024-06 2024-03 http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GainLossOnInvestments http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 2028-03-31 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 9 1 1 1 1 1 P2Y 0 years 0 years 2027-05-30 2028-05-30 2029-05-30 2027-05-30 2028-05-30 2029-05-30 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:PrivateEquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:InvestmentInNAVMember 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2023-03-31 0001364742 us-gaap:EquitySecuritiesMember blk:ConsolidatedVotingRightsEntitiesMember 2024-03-31 0001364742 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2024-03-31 0001364742 us-gaap:EquitySecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-03-31 0001364742 us-gaap:ForeignExchangeForwardMember 2023-12-31 0001364742 blk:OnePointNineZeroPercentNotesDueTwoThousandThirtyOneMember 2024-03-31 0001364742 blk:EquityFixedIncomeAndMultiAssetMutualFundsMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001364742 2022-10-01 2022-12-31 0001364742 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PortionAtOtherThanFairValueFairValueDisclosureMember 2024-03-31 0001364742 blk:AlternativeInvestmentsProductsMember us-gaap:InvestmentPerformanceMember 2024-01-01 2024-03-31 0001364742 srt:AmericasMember 2023-12-31 0001364742 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

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

Answer: positive

Explanation: The actual 21-day forward return for ^VIX starting 2024-06-14 was +3.63%, which classifies as 'positive'.


XLF over past 60 days: cumulative return +4.9%, annualized vol 11.7%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=39.52, end=41.45, cumulative_return=+4.9%, annualized_volatility=11.7%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.09, 't10y3m_spread': -1.12, 'breakeven_10y': 2.28, 'hy_oas': 3.1, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 18.040000915527344}
Market regime: sideways
Recent filing/news:
[SEC 10-Q GOOGL 2024-07-24] goog-20240630 FALSE 2024 Q2 0001652044 --12-31 50 50 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent 467 1004 360 461 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:EUR 0001652044 2024-01-01 2024-06-30 0001652044 us-gaap:CommonClassAMember 2024-01-01 2024-06-30 0001652044 goog:CapitalClassCMember 2024-01-01 2024-06-30 0001652044 us-gaap:CommonClassAMember 2024-07-16 0001652044 us-gaap:CommonClassBMember 2024-07-16 0001652044 goog:CapitalClassCMember 2024-07-16 0001652044 2023-12-31 0001652044 2024-06-30 0001652044 us-gaap:CommonClassAMember 2024-06-30 0001652044 us-gaap:CommonClassAMember 2023-12-31 0001652044 us-gaap:CommonClassBMember 2024-06-30 0001652044 us-gaap:CommonClassBMember 2023-12-31 0001652044 goog:CapitalClassCMember 2023-12-31 0001652044 goog:CapitalClassCMember 2024-06-30 0001652044 2023-04-01 2023-06-30 0001652044 2024-04-01 2024-06-30 0001652044 2023-01-01 2023-06-30 0001652044 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-03-31 0001652044 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001652044 us-gaap:RetainedEarningsMember 2023-03-31 0001652044 2023-03-31 0001652044 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001652044 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001652044 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001652044 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-06-30 0001652044 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0001652044 us-gaap:RetainedEarningsMember 2023-06-30 0001652044 2023-06-30 0001652044 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-12-31 0001652044 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001652044 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0001652044 us-gaap:AllOtherSegmentsMember 2024-01-01 2024-06-30 0001652044 country:US 2023-04-01 202 [...TRUNCATED...] ws, rules, and regulations. Compensatory Arrangements of Certain Officers On April 16, 2024, the Leadership Development, Inclusion and Compensation Committee of the Board of Directors of Alphabet approved the accrual of dividend equivalent units to holders of all unvested stock units, subject to the approval of a dividend declaration by the Board of Directors of the company (which was announced on July 23, 2024). As stock units are not outstanding shares of stock and thus would not otherwise be entitled to participate in any dividends (including the one referenced above), the crediting of dividend equivalent units is intended to preserve the equity-based incentives intended by the company when the stock units were granted and to treat the holders of stock units consistently with all stockholders. 50 ITEM 6. EXHIBITS Exhibit Number    Description Incorporated by reference herein Form Date 10.01 ♦ Letter Agreement, dated June 3, 2024, between Anat Ashkenazi and Alphabet Inc. Current Report on Form 8-K (File No. 001-37580 June 7, 2024 31.01 * Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.02 * Certification of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.01 ‡ Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 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 Label Linkbase Document 101.PRE * Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 * Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) __________________________  ♦ Indicates management compensatory plan, contract, or arrangement. * Filed herewith. ‡ Furnished herewith. 51 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. ALPHABET INC. July 23, 2024 By: /s/    RUTH M. PORAT         Ruth M. Porat President and Chief Investment Officer; Chief Financial Officer ALPHABET INC. July 23, 2024 By: /s/    AMIE THUENER O'TOOLE         Amie Thuener O'Toole Vice President, Corporate Controller and Principal Accounting Officer 52

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 2024-07-25 was +3.95%, which classifies as 'positive'.


SOL-USD over past 60 days: cumulative return +42.2%, annualized vol 81.5%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=75.62, end=107.50, cumulative_return=+42.2%, annualized_volatility=81.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.31, 't10y3m_spread': -1.27, 'breakeven_10y': 2.25, 'hy_oas': 3.33, 'ig_oas': 1.0, 'ted_spread': 0.09, 'mortgage_30y': 6.64, 'vix': 12.93000030517578}
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: positive

Explanation: The actual 21-day forward return for SOL-USD starting 2024-02-12 was +18.93%, which classifies as 'positive'.


XLB over past 60 days: cumulative return +4.2%, annualized vol 14.7%. Market regime: sideways.

Question:
Asset: XLB
Historical prices (past 60 trading days): start=44.15, end=45.99, cumulative_return=+4.2%, annualized_volatility=14.7%
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': 2.31, 'hy_oas': 2.88, 'ig_oas': 0.83, 'ted_spread': 0.09, 'mortgage_30y': 6.44, 'vix': 18.030000686645508}
Market regime: sideways
Recent filing/news:
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us-gaap:ProductConcentrationRiskMember us-gaap:SalesRevenueNetMembe [...TRUNCATED...] tion and benefit plans. Purchases may be made in the open market and/or private transactions and purchases may be increased, decreased or discontinued at any time without prior notice. The share repurchases are authorized pursuant to a resolution issued by the Company's Board of Directors and are expected to be financed by a combination of operating cash flows and issuance of debt.      Item 5. Other Information During the three months ended September 30, 2024, none of our directors or officers adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" as defined in Item 408 of Regulation S-K. The Procter & Gamble Company 25 Item 6. Exhibits 3.1 Amended Articles of Incorporation (as amended by shareholders at the annual meeting on October 11, 2011 and consolidated by the Board of Directors on April 8, 2016) (Incorporated by reference to Exhibit (3-1) of the Company's Form 10-K for the year ended June 30, 2016) 3.2 Regulations (as approved by the Board of Directors on December 13, 2022, pursuant to authority granted by shareholders at the annual meeting on October 13, 2009) (Incorporated by reference to Exhibit (3-2) of the Company’s Current Report on Form 8-K filed December 13, 2022) 10.1 Company's Form of Separation Agreement & Release *+ 10.2 The Procter & Gamble Performance Stock Program Summary *+ 10.3 Performance Stock Program related correspondence and terms and conditions *+ 10.4 Long-Term Incentive Program related correspondence and terms and conditions *+ 31.1 Rule 13a-14(a)/15d-14(a) Certification – Chief Executive Officer + 31.2 Rule 13a-14(a)/15d-14(a) Certification – Chief Financial Officer + 32.1 Section 1350 Certifications – Chief Executive Officer + 32.2 Section 1350 Certifications – Chief Financial Officer + 101.SCH (1) Inline XBRL Taxonomy Extension Schema Document 101.CAL (1) Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF (1) Inline XBRL Taxonomy Definition Linkbase Document 101.LAB (1) Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE (1) Inline XBRL Taxonomy Extension Presentation Linkbase Document 104  Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) * Compensatory plan or arrangement + Filed herewith (1) Pursuant to Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 or 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections. 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. THE PROCTER & GAMBLE COMPANY October 18, 2024 /s/ MATTHEW W. JANZARUK Date (Matthew W. Janzaruk) Senior Vice President - Chief Accounting Officer (Principal Accounting Officer)

Predict whether the return of XLB 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 XLB starting 2024-10-21 was -3.20%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +4.9%, annualized vol 56.6%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.37, end=0.38, cumulative_return=+4.9%, annualized_volatility=56.6%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 302.845, 'unemployment': 3.4, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.6, 't10y3m_spread': -1.68, 'breakeven_10y': 2.28, 'hy_oas': 4.48, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 16.889999389648438}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-24]

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

Answer: negative

Explanation: The actual 21-day forward return for ADA-USD starting 2023-04-25 was -6.86%, which classifies as 'negative'.


EFA over past 60 days: cumulative return +9.8%, annualized vol 12.8%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=63.73, end=70.00, cumulative_return=+9.8%, annualized_volatility=12.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.33, 't10y3m_spread': -1.42, 'breakeven_10y': 2.22, 'hy_oas': 3.5, 'ig_oas': 1.04, 'ted_spread': 0.09, 'mortgage_30y': 6.62, 'vix': 12.6899995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-09] ["Is iShares Semiconductor ETF (SOXX) a Strong ETF Right Now? The iShares Semiconductor ETF (SOXX) was launched on 07/10/2001, and is a smart beta exchange traded fund designed to offer broad exposure to the Technology ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns. Fund Sponsor & Index The fund is managed by Blackrock, and has been able to amass over $9.93 billion, which makes it one of the largest ETFs in the Technology ETFs. SOXX, before fees and expenses, seeks to match the performance of the PHLX SOX Semiconductor Sector Index. The ICE Semiconductor Index measures the performance of U.S. traded securities of companies engaged in the semiconductor business. Cost & Other Expenses Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Operating expenses on an annual basis are 0.35% for SOXX, making it one of the least expensive products in the space. It's 12-month trailing dividend yield comes in at 0.81%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. Representing 100% of the portfolio, the fund has heaviest allocation to the Information Technology sector. Taking into account individual holdings, Advanced Micro Devices Inc (AMD) accounts for about 9.48% of the fund's total assets, followed by Broadcom Inc (AVGO) and Intel Corporation Corp (INTC). SOXX's top 10 holdings account for about 59.63% of its total assets under management. Performance and Risk So far this year, SOXX has lost about -2.88%, and was up about 55.09% in the last one year (as of 01/09/2024). During this past 52-week period, the fund has traded between $373.83 and $581.45. The ETF has a beta of 1.37 and standard deviation of 34.63% for the trailin

Predict whether the return of EFA 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 EFA starting 2024-01-11 was +0.72%, which classifies as 'flat'.


IVV over past 60 days: cumulative return +6.8%, annualized vol 12.0%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=398.71, end=425.67, cumulative_return=+6.8%, annualized_volatility=12.0%
Macro context: {'fed_funds_rate': 5.07, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.84, 't10y3m_spread': -1.47, 'breakeven_10y': 2.25, 'hy_oas': 4.13, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 15.06999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-10] ["EU seals new US data transfer pact but challenge ahead By Foo Yun Chee BRUSSELS, July 10 (Reuters) - The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies which transfer personal data across the Atlantic. However, the move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge the agreement. The Commission and the United States had been struggling to reach a new agreement after Europe's top court annulled two previous pacts that underpinned the transfer of personal data across the Atlantic for services ranging from cloud infrastructure to payroll and banking. The EU executive said measures taken by the United States ensured an adequate level of protection for Europeans' personal data transferred across the Atlantic for commercial use. It said new binding safeguards, such as that limiting U.S. intelligence services' access to EU data to what is \"necessary and proportionate\" and the setting up of a Data Protection Review Court for Europeans, address the concerns raised by Europe's top court. EU justice chief Didier Reynders said he was confident of fending off any legal challenge. \"The principles of the data privacy framework are solid and I am convinced that we have made significant progress which meets the requirements of the European Court of Justice case law,\" he told a news conference. \"I am very confident of fighting, defending the new data agreement.\" Schrems said the latest revision was inadequate. \"Just announcing that something is 'new', 'robust' or 'effective' does not cut it before the Court of Justice. We would need changes in U.S. surveillance law to make this work,\" he said in a statement. \"We have various options for a challenge already in the drawer, although we are sick and tired of this legal ping-pong. We currently expect this to be back at the Court of Justice by the beginning of next year,\" Schrems added. Lobbying group DigitalEurope, whose members include Airbus AIR.PA, Amazon AMZN.O, Apple AAPL.O, Ericsson ERICb.ST, Nokia NOKIA.HE, Philips PHG.AS and Samsung 005930.KS welcomed the deal. \"Data flows underpin the EU's annual 1 trillion euros of service exports to the United States, and this decision will give companies more confidence to conduct business and help our economies to grow,\" its Director-General Cecilia Bonefeld-Dahl said. Earlier this year, EU privacy watchdog the European Data Protection Board said the latest data agreement still fell short and urged the Commission to do more to protect Europeans' privacy rights. Europe's top court scuppered the previous two deals after challenges by Schrems because of concerns about U.S. intelligence agencies accessing European citizens' private data. (Reporting by Foo Yun Chee; editing by Philip Blenkinsop and Christina Fincher) ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messagin

Predict whether the return of IVV 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 IVV starting 2023-07-11 was +0.71%, which classifies as 'flat'.


SOL-USD over past 60 days: cumulative return +41.9%, annualized vol 62.8%. Market regime: bull.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=145.38, end=206.25, cumulative_return=+41.9%, annualized_volatility=62.8%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 317.604, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.07, 't10y3m_spread': -0.22, 'breakeven_10y': 2.27, 'hy_oas': 2.67, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.69, 'vix': 14.1899995803833}
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 2024-12-10 was -8.24%, which classifies as 'negative'.


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

Question:
Asset: ICSH
Historical prices (past 60 trading days): start=43.90, end=44.33, cumulative_return=+1.0%, annualized_volatility=0.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.67, 't10y3m_spread': -1.26, 'breakeven_10y': 2.32, 'hy_oas': 3.9, 'ig_oas': 1.23, 'ted_spread': 0.09, 'mortgage_30y': 7.12, 'vix': 14.399999618530272}
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 2023-09-08 was +0.28%, which classifies as 'flat'.