XLF over past 60 days: cumulative return +12.7%, annualized vol 14.9%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=43.25, end=48.73, cumulative_return=+12.7%, annualized_volatility=14.9%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 316.528, 'unemployment': 4.2, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.12, 't10y3m_spread': -0.17, 'breakeven_10y': 2.33, 'hy_oas': 2.72, 'ig_oas': 0.8, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 16.139999389648438}
Market regime: sideways
Recent filing/news:
[SEC 10-Q CVX 2024-11-07] cvx-20240930 0000093410 12/31 2024 Q3 false 102 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure cvx:segment cvx:lawsuit cvx:State cvx:tribe cvx:parish 0000093410 2024-01-01 2024-09-30 0000093410 2024-09-30 0000093410 2024-07-01 2024-09-30 0000093410 2023-07-01 2023-09-30 0000093410 2023-01-01 2023-09-30 0000093410 2023-12-31 0000093410 2022-12-31 0000093410 2023-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-06-30 0000093410 us-gaap:RetainedEarningsMember 2023-06-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0000093410 us-gaap:TreasuryStockCommonMember 2023-06-30 0000093410 us-gaap:ParentMember 2023-06-30 0000093410 us-gaap:NoncontrollingInterestMember 2023-06-30 0000093410 2023-06-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-07-01 2023-09-30 0000093410 us-gaap:ParentMember 2023-07-01 2023-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2023-07-01 2023-09-30 0000093410 us-gaap:RetainedEarningsMember 2023-07-01 2023-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2023-07-01 2023-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-01 2023-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-09-30 0000093410 us-gaap:RetainedEarningsMember 2023-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2023-09-30 0000093410 us-gaap:ParentMember 2023-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2023-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-06-30 0000093410 us-gaap:RetainedEarningsMember 2024-06-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000093410 us-gaap:TreasuryStockCommonMember 2024-06-30 0000093410 us-gaap:ParentMember 2024-06-30 0000093410 us-gaap:NoncontrollingInterestMember 2024-06-30 0000093410 2024-06-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0000093410 us-gaap:ParentMember 2024-07-01 2024-09-30 0000093410 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2024-07-01 2024-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-09-30 0000093410 us-gaap:RetainedEarningsMember 2024-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2024-09-30 0000093410 us-gaap:ParentMember 2024-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2024-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-12-31 0000093410 us-gaap:RetainedEarningsMember 2022-12-31 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000093410 us-gaap:TreasuryStockCommonMember 2022-12-31 0000093410 us-gaap:ParentMember 2022-12-31 0000093410 us-gaap:NoncontrollingInterestMember 2022-12-31 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-01-01 2023-09-30 0000093410 us-gaap:ParentMember 2023-01-01 2023-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-09-30 0000093410 us-gaap:RetainedEarningsMember 2023-01-01 2023-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-09-30 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0000093410 us-gaap:RetainedEarningsMember 2023-12-31 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000093410 us-gaap:TreasuryStockCommonMember 2023-12-31 0000093410 us-gaap:ParentMember 2023-12-31 0000093410 us-gaap:NoncontrollingInterestMember 2023-12-31 0000093410 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-01-01 2024-09-30 0000093410 us-gaap:ParentMember 2024-01-01 2024-09-30 0000093410 us-gaap:RetainedEarningsMember 2024-01-01 2024-09-30 0000093410 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-09-30 0000093410 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0000093410 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2022-12-31 0000093410 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2022-12-31 0000093410 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2023-01-01 2023-09-30 0000093410 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-01-01 2023-09-30 0000093410 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-01-01 2023-09-30 0000093410 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-01-01 2023-09-30 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2023-09-30 0000093410 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-09-30 0000093410 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-09-30 0000093410 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-09-30 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000093410 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2023-12-31 0000093410 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2023-12-31 0000093410 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-01-01 2024-09-30 0000093410 us-gaap:AccumulatedTranslationAdjustmentMember 2024-09-30 000009 [...TRUNCATED...] ATION ISSUER PURCHASES OF EQUITY SECURITIES   Period Total Number of Shares Purchased (*) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the 2023 Program (*) (Billions of dollars) July 1 - July 31, 2024 7,923,000  $156.56 7,923,000  $56.6 August 1 - August 31, 2024 12,057,000  $146.20 12,057,000  $54.8 September 1 - September 30, 2024 12,229,398  $142.84 12,229,398  $53.1 Total 32,209,398   $147.47 32,209,398   (*) Refer to “Liquidity and Capital Resources” for additional information regarding the company’s authorized stock repurchase program. Item 5. Other Information Rule 10b5-1 Plan Elections A. Nigel Hearne , Executive Vice President, Senior Advisor , entered into a pre-arranged stock trading plan on August 19, 2024 . Mr. Hearne’s plan provides for the potential exercise of vested stock options and the associated sale of up to 60,468 shares of Chevron common stock between November 18, 2024, and February 28, 2025 . The trading plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and Chevron’s policies regarding transactions in Chevron securities. 44 Table of Contents Item 6. Exhibits Exhibit Index Exhibit Number Description 10.1+* Chevron Incentive Plan, amended and restated effective October 2, 2023 (refi l ed to correct formatting in the previo usly filed version) . 10.2+* Chevron Corporation Retirement Restoration Plan, amended and restated effective August 1, 2024. 10.3+* Chevron Corporation ESIP Restoration Plan, amended and restated effective August 1, 2024. 31.1* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Executive Officer 31.2* Rule 13a-14(a)/15d-14(a) Certification by the company’s Chief Financial Officer 32.1** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Executive Officer 32.2** Rule 13a-14(b)/15d-14(b) Certification by the company’s Chief Financial Officer 101* Interactive data files (formatted as Inline XBRL) 104* Cover Page Interactive Data File (contained in Exhibit 101) ____________________________________________ +     Indicates a management contract or compensatory plan or arrangement. *    Filed herewith. **     Furnished herewith. 45 Table of Contents SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   C HEVRON C ORPORATION (R EGISTRANT ) / S /   A LANA K. K NOWLES Alana K. Knowles, Vice President and Controller (Principal Accounting Officer and Duly Authorized Officer) Date: November 7, 2024 46

Predict whether the return of XLF 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 XLF starting 2024-11-18 was -4.78%, which classifies as 'negative'.


ETH-USD over past 60 days: cumulative return -15.0%, annualized vol 38.8%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3766.39, end=3201.56, cumulative_return=-15.0%, annualized_volatility=38.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.17, 't10y3m_spread': -1.38, 'breakeven_10y': 2.2, 'hy_oas': 3.35, 'ig_oas': 1.0, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 18.59000015258789}
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 2024-08-02 was -7.42%, which classifies as 'negative'.


XLB over past 60 days: cumulative return +5.6%, annualized vol 16.8%. Market regime: sideways.

Question:
Asset: XLB
Historical prices (past 60 trading days): start=35.44, end=37.41, cumulative_return=+5.6%, annualized_volatility=16.8%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.014, 'unemployment': 3.6, 'gdp_growth_qoq': 22580.499, 't10y2y_spread': -0.82, 't10y3m_spread': -1.67, 'breakeven_10y': 2.17, 'hy_oas': 4.34, 'ig_oas': 1.41, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 15.010000228881836}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-06-12] ["ANALYSIS-India's outsourcing giants cut hiring; disheartening for economy, students By Navamya Ganesh Acharya BENGALURU, June 12 (Reuters) - India's outsourcing giants are slashing hiring and getting projects done with existing workers, a rare pullback that could weigh on the economy and affect engineering students who have seen information technology as the sector of choice for decades. The slowdown, triggered by global uncertainty in demand, is unprecedented in an industry that is one of the biggest hirers in India's services sector since the 1990s and provides an assured career path and prosperity to hundreds of thousands of students each year. \"Weak IT hiring could be for two different reasons: short-term negative demand shock or a long-term displacement resulting from labour-saving technologies,\" said Rohit Azad, an economics professor at New Delhi's Jawaharlal Nehru University. \"The impact of weak hiring would depend on which is the primary cause driving it. A negative multiplier effect in the immediate would be there nevertheless,\" Azad added. The IT sector accounts for about 8% of India's GDP versus less than 1% about 30 years back, according to Rishad Premji, the chairman of Wipro WIPR.NS, one of the country's IT giants. Overall, the Indian tech sector employs over 5.4 million people, according to trade group Nasscom, although the number is dominated by the IT sector. About 290,000 new jobs in the tech sector were created in the financial year that ended in March, but Nasscom warned of \"global headwinds\" in the current year. With IT employees seen as big spenders on everything from cars, durables and second homes to travel and entertainment, they are likely to have had some effect on the sluggish 0.5% sequential growth in private consumption in January-March. \"Some slowdown in IT hiring intentions could contribute to the flat-lining in consumption that is already underway,\" said HDFC Bank Principal Economist Sakshi Gupta. RECESSION FEARS IT firms, which count global heavyweights such as Apple AAPL.O, Citigroup C.N and American Express AXP.N among its clients, went on a hiring binge during the pandemic that fuelled a digital services boom. However, things changed this year as recession fears gripped the world and the collapse of three U.S. regional banks and the forced sale of Europe's Credit Suisse CSGN.S to UBS UBSG.S left the global financial industry shaken, making IT clients across sectors cut spending. \"The post-pandemic phase saw companies ramping up production to meet new demands in the market, leading to a growth in hiring across IT companies. This boom, however, soon fizzled out in the face of the global economic crisis and a looming recession,\" said Sachin Alug, the CEO of staffing firm NLB Services. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Jobs portal Naukri.com's parent Info Edge INED.NS flag

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

Answer: positive

Explanation: The actual 21-day forward return for XLB starting 2023-06-13 was +3.04%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +16.6%, annualized vol 34.1%. Market regime: bull.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=555.38, end=647.59, cumulative_return=+16.6%, annualized_volatility=34.1%
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': -0.32, 'breakeven_10y': 2.26, 'hy_oas': 2.68, 'ig_oas': 0.81, 'ted_spread': 0.09, 'mortgage_30y': 6.81, 'vix': 13.34000015258789}
Market regime: bull
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: negative

Explanation: The actual 21-day forward return for BNB-USD starting 2024-12-03 was -2.46%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return +12.1%, annualized vol 33.7%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=26890.13, end=30145.89, cumulative_return=+12.1%, annualized_volatility=33.7%
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': 2.25, 'hy_oas': 3.97, 'ig_oas': 1.29, 'ted_spread': 0.09, 'mortgage_30y': 6.96, 'vix': 13.479999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-17]

Predict whether the return of BTC-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 BTC-USD starting 2023-07-18 was -0.31%, which classifies as 'flat'.


XRP-USD over past 60 days: cumulative return +72.0%, annualized vol 82.0%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.46, end=0.79, cumulative_return=+72.0%, annualized_volatility=82.0%
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': -1.64, 'breakeven_10y': 2.35, 'hy_oas': 3.9, 'ig_oas': 1.27, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 13.989999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-20]

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 2023-07-21 was -18.23%, which classifies as 'negative'.


FXI over past 60 days: cumulative return -0.4%, annualized vol 30.0%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=24.51, end=24.42, cumulative_return=-0.4%, annualized_volatility=30.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 306.082, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.63, 't10y3m_spread': -1.23, 'breakeven_10y': 2.34, 'hy_oas': 3.97, 'ig_oas': 1.26, 'ted_spread': 0.09, 'mortgage_30y': 7.09, 'vix': 17.1299991607666}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-08-21] ["Tesla shares gain as Baird Equity adds stock to 'best ideas' list Aug 21 (Reuters) - Electric-vehicle maker Tesla's TSLA.O shares rose 4.5% on Monday, snapping a six-session losing streak, after brokerage Baird Equity Research added the stock to its \"best ideas\" list. The brokerage said price cuts and their impact on margins will drive the narrative in the second half of the year but other potential catalysts for the stock include the launch of Cybertruck, wider adoption of Full Self-Driving and expansion into new markets. Tesla's shares have risen about 85% so far this year on the back of growing sales despite a margin squeeze and hopes of wider adoption of its autonomous driving software. Bearish investors will point to lower production, said Baird, but added Tesla was still on pace to achieve its production forecast of 1.8 million vehicles this year. Tesla sparked a price war earlier this year and last week slashed prices of three models in China. It also launched a cheaper version of the Model S sedan and Model X SUV on Aug. 14 as it looks to stoke demand and grab a larger share of the market. The world's most valuable automaker's shares have a forward price-to-earnings multiple, a widely used benchmark to value stocks, of 50.15, compared to 26.58 for Apple AAPL.O and 6.14 for Ford Motor F.N, making it pricier. The brokerage also said sentiment for electric pickup truck maker Rivian Automotive's RIVN.O stock was improving, adding that cost improvements have begun to materialize as it brings production of key components in-house. (Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Editing by Krishna Chandra Eluri) ((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti on Twitter; +91-74116-87774;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Apple and Spotify: 2 AI Stock Plays in Music Streaming The artificial intelligence (AI) revolution is underway, and it's already made a lot of money for investors who recognized its potential early in the game. With shares of AI frontrunners like Nvidia (NVDA) doubling up many times over in a matter of months, it's not hard to see why so many investors want to stay in the tech scene, despite the potential for further interest rate increases. With so many technology companies committed to investing in their AI capabilities, investors shouldn't narrow their focus on the few AI winners that have been leading the pack in recent quarters. Arguably, investors should at least be equal-weight in the mega-cap tech heroes of the so-called \u201cMagnificent Seven\u201d to benefit from the continued rise of AI. At the same time, investors should also seek value in areas of the market where the long-term benefits of incorporating AI tech aren't yet fully recognized. Indeed, Nvidia stands out as one of the AI plays of the present. After such a historic ascent, though, I'm starting to think the opportunity over at Nvidia

Predict whether the return of FXI 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 FXI starting 2023-08-22 was +0.27%, which classifies as 'flat'.


MATIC-USD over past 60 days: cumulative return +11.3%, annualized vol 42.5%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.55, end=0.61, cumulative_return=+11.3%, annualized_volatility=42.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.14, 't10y3m_spread': -0.65, 'breakeven_10y': 2.47, 'hy_oas': 4.52, 'ig_oas': 1.33, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 21.709999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-22]

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

Answer: positive

Explanation: The actual 21-day forward return for MATIC-USD starting 2023-10-23 was +39.07%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return +3.0%, annualized vol 15.3%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=433.45, end=446.64, cumulative_return=+3.0%, annualized_volatility=15.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.37, 't10y3m_spread': -0.91, 'breakeven_10y': 2.36, 'hy_oas': 3.19, 'ig_oas': 0.88, 'ted_spread': 0.09, 'mortgage_30y': 7.03, 'vix': 14.470000267028809}
Market regime: sideways
Recent filing/news:
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blk:InvestmentsRelatedToDeferredCashCompensationPlansMember 2023-12-31 0001364742 us-gaap:CollateralizedLo [...TRUNCATED...] hat the Board of Directors authorized the repurchase of an additional seven million shares under the Company’s existing share repurchase program, for a total of up to approximately 7.9 million shares of BlackRock common stock. 64   Item 6. Exh ibits Exhibit No.   Description       4.1(1)   Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.2(1)   First Supplemental Indenture, dated March 14, 2024, among BlackRock Funding, Inc., BlackRock, Inc. and The Bank of New York Mellon, as trustee.       4.3(1)   Form of Note for the 4.700% Notes due 2029 (included in Exhibit 4.2).       4.4(1)   Form of Note for the 5.000% Notes due 2034 (included in Exhibit 4.2).       4.5(1)   Form of Note for the 5.250% Notes due 2054 (included in Exhibit 4.2).       10.1(2)   Amendment No. 14, dated as of March 12, 2024, by and among BlackRock, Inc., certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, a swingline lender, an issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein.       22.1(3)   Subsidiary Issuer of Guaranteed Securities.       31.1   Section 302 Certification of Chief Executive Officer       31.2   Section 302 Certification of Chief Financial Officer       32.1   Section 906 Certification of Chief Executive Officer and Chief Financial Officer       101.INS   Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document       101.SCH   Inline XBRL Taxonomy Extension Schema with Embedded Linkbases Document       104   Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)         (1) Incorporated by reference to BlackRock’s Current Report on Form 8-K filed on March 14, 2024. (2) Incorporated by reference to BlackRock's Current Report on Form 8-K filed on March 15, 2024. (3) Incorporated by reference to BlackRock's Registration Statement on Form S-3 (Registration No. 333-278583) filed on April 9, 2024. 65   SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.       BLACKROCK, INC.     (Registrant)             By: /s/ Martin S. Small Date: May 7, 2024        Martin S. Small          Senior Managing Director & Chief Financial Officer    (Principal Financial Officer)   66

Predict whether the return of 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 2024-05-31 was +7.09%, which classifies as 'positive'.


DOT-USD over past 60 days: cumulative return -29.7%, annualized vol 51.2%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=6.10, end=4.29, cumulative_return=-29.7%, annualized_volatility=51.2%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.732, 'unemployment': 4.1, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': 0.02, 't10y3m_spread': -1.41, 'breakeven_10y': 2.04, 'hy_oas': 3.36, 'ig_oas': 0.99, 'ted_spread': 0.09, 'mortgage_30y': 6.35, 'vix': 19.450000762939453}
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: negative

Explanation: The actual 21-day forward return for DOT-USD starting 2024-09-10 was -2.28%, which classifies as 'negative'.


XLV over past 60 days: cumulative return +3.9%, annualized vol 11.4%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=125.29, end=130.13, cumulative_return=+3.9%, annualized_volatility=11.4%
Macro context: {'fed_funds_rate': 5.08, 'cpi_yoy': 304.609, 'unemployment': 3.5, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.91, 't10y3m_spread': -1.66, 'breakeven_10y': 2.35, 'hy_oas': 3.89, 'ig_oas': 1.26, 'ted_spread': 0.09, 'mortgage_30y': 6.78, 'vix': 13.600000381469728}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-07-21] ["Meta Platforms (META) to Report Q2 Earnings: What to Expect Meta Platforms META is set to report its second-quarter 2023 results on Jul 26. Meta expects total revenues between $29.5 billion and $32 billion for the second quarter of 2023. Unfavorable forex is expected to hurt year-over-year top-line growth by less than 1%. The Zacks Consensus Estimate for second-quarter revenues is pegged at $30.84 billion, indicating an increase of 7.01% from the year-ago quarter\u2019s reported figure. The consensus mark for earnings stands at $2.85 per share, up by a cent over the past 30 days, suggesting growth of 15.85% from the figure reported in the year-ago quarter. Meta Platforms, Inc. Price and EPS Surprise Meta Platforms, Inc. price-eps-surprise | Meta Platforms, Inc. Quote Meta\u2019s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, the average surprise being 15.46%. Meta had a terrific second quarter of 2023, outperforming the Zacks Internet Software industry. While the shares of the social media giant have returned 35.4%, the industry has risen 16.3%. Let\u2019s see how things have shaped up for the upcoming announcement. Factors to Note Meta\u2019s second-quarter top line is expected to have benefited from Facebook\u2019s expanding user base (more than 3 billion daily active users) and growing adoption of reels. Higher engagement level is helping to steady its user growth across all regions, particularly Asia Pacific. Our model estimate for Asia Pacific Daily Active Users (DAUs) in the second quarter is pegged at 883 million, indicating 5.6% year-over-year growth, the fastest among the regions followed by the Rest of World, which we expect to grow 3.3% to 652 million DAUs. In terms of Monthly Active Users (MAUs), our estimate for Asia Pacific is pegged at 1.339 billion, suggesting 2.6% year-over-year growth. The Rest of World MAUs is expected to grow 2.4% to 982 million MAUs. Increased engagement for Meta\u2019s offerings like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver. Effective usage of artificial intelligence has been helping the company keep its users engaged. Our model estimate for Meta\u2019s worldwide DAU is pegged at 2.034 billion, indicating 3.4% growth year over year. MAU is pegged at 2.985 billion, indicating a 1.7% increase year over year. Nevertheless, Meta\u2019s top line is expected to reflect the negative impact of the challenging macroeconomic environment and high inflation that is anticipated to have kept ad spending budgets under pressure. This is likely to have weighed on ad revenues in the to-be-reported quarter. The company\u2019s ad revenue business is facing a decline in growth due to ad targeting-related headwinds created by Apple\u2019s AAPL iOS changes. Apple\u2019s iOS changes have made ad targeting difficult, which has increased the cost of driving outcomes. However, measuring these outcomes is tough. In the first quarter of 2023, Meta\u20

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

Answer: negative

Explanation: The actual 21-day forward return for XLV starting 2023-07-24 was -2.02%, which classifies as 'negative'.


XRP-USD over past 60 days: cumulative return +19.5%, annualized vol 73.7%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.39, end=0.47, cumulative_return=+19.5%, annualized_volatility=73.7%
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': -1.57, 'breakeven_10y': 2.28, 'hy_oas': 4.46, 'ig_oas': 1.38, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 16.770000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-04-23]

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 2023-04-24 was -7.31%, which classifies as 'negative'.


LINK-USD over past 60 days: cumulative return +31.5%, annualized vol 67.0%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=15.29, end=20.10, cumulative_return=+31.5%, annualized_volatility=67.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 310.967, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.34, 't10y3m_spread': -1.14, 'breakeven_10y': 2.33, 'hy_oas': 3.34, 'ig_oas': 0.96, 'ted_spread': 0.09, 'mortgage_30y': 6.77, 'vix': 14.239999771118164}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: positive

Explanation: The actual 21-day forward return for LINK-USD starting 2024-02-19 was +7.41%, which classifies as 'positive'.


STIP over past 60 days: cumulative return -0.8%, annualized vol 2.5%. Market regime: sideways.

Question:
Asset: STIP
Historical prices (past 60 trading days): start=90.10, end=89.40, cumulative_return=-0.8%, annualized_volatility=2.5%
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': -1.62, 'breakeven_10y': 2.22, 'hy_oas': 4.05, 'ig_oas': 1.3, 'ted_spread': 0.09, 'mortgage_30y': 6.71, 'vix': 13.59000015258789}
Market regime: sideways

Predict whether the return of STIP 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 STIP starting 2023-07-03 was +0.14%, which classifies as 'flat'.


XLV over past 60 days: cumulative return +2.9%, annualized vol 14.2%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=123.44, end=126.96, cumulative_return=+2.9%, annualized_volatility=14.2%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.7, 't10y3m_spread': -1.27, 'breakeven_10y': 2.25, 'hy_oas': 4.31, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 6.13, 'vix': 17.8700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-01] ["GLOBAL MARKETS-Stocks rise, dollar falls after Fed hikes as expected By Chuck Mikolajczak NEW YORK, Feb 1 (Reuters) - A gauge of global stocks rose and the U.S. dollar and Treasury yields were lower on Wednesday after the Federal Reserve raised its target interest rate by the expected 25 basis points but communicated more increases were on the horizon. The Fed said the U.S. economy was enjoying \"modest growth\" and \"robust\" job gains, with policymakers still \"highly attentive to inflation risks\" as it seeks to tighten financial conditions and reign in high prices. Markets have been pricing in the possibility of a rate cut by the Fed in the back half of the year. On Wall Street, U.S. stocks were choppy after the Fed announcement but rebounded to turn positive as Chair Jerome Powell began to speak. \"The key thing the Fed is focused on is wages and we are seeing wage inflation continue to ameliorate if you look at both average hourly earnings and the employment cost index which just came out, wages are beginning to soften, but they are not softening enough to get inflation down to that 2% target,\" said Ellen Hazen, chief market strategist at F.L.Putnam Investment Management in Wellesley, Massachusetts. \"They had a very slightly dovish change in the language where they previously had talked about determining the pace of future increases and now they are talking about determining the extent of future increases.\" Investors will now closely eye comments from Fed Chair Powell for further signals on the path of the central bank's policy. The Dow Jones Industrial Average .DJI fell 5.45 points, or 0.02%, to 34,080.59, the S&P 500 .SPX gained 30.83 points, or 0.76%, to 4,107.43 and the Nasdaq Composite .IXIC added 173.22 points, or 1.5%, to 11,757.77. Before the policy announcement, economic data painted a mixed picture, with a labor market that remains strong while manufacturing activity continues to weaken, showing contraction for a third straight month. Investors have viewed a weaker labor market as a key component to bring down stubbornly high inflation. Earnings season also continues to roll on, with Facebook owner Meta META.O reporting earnings after the closing bell on Wednesday. Later in the week will bring earnings from names such as Apple AAPL.O and Amazon .AMZN.O. Early gains for European shares faded to close virtually unchanged ahead of the Fed statement, although industrial stocks SXNP, up 0.85%, were a bright spot. On the heels of the Fed, the European Central Bank (ECB) and Bank of England will make their policy statements on Thursday, in which each is largely expected to hike by 50 basis points. The pan-European STOXX 600 index .STOXX closed down 0.03% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.81%. Data on Wednesday showed headline inflation in the euro zone moderated to 8.5% in January, from 9% in December, while core prices picked up to 7% from 6.9%, likely keeping pressure on the ECB to raise interest r

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

Answer: negative

Explanation: The actual 21-day forward return for XLV starting 2023-02-02 was -2.94%, which classifies as 'negative'.


ICSH over past 60 days: cumulative return +0.8%, annualized vol 0.5%. Market regime: sideways.

Question:
Asset: ICSH
Historical prices (past 60 trading days): start=45.33, end=45.68, cumulative_return=+0.8%, annualized_volatility=0.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.39, 't10y3m_spread': -1.19, 'breakeven_10y': 2.3, 'hy_oas': 3.15, 'ig_oas': 0.94, 'ted_spread': 0.09, 'mortgage_30y': 6.74, '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 2024-03-15 was +0.35%, which classifies as 'flat'.


BNB-USD over past 60 days: cumulative return +0.6%, annualized vol 38.5%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=287.81, end=289.68, cumulative_return=+0.6%, annualized_volatility=38.5%
Macro context: {'fed_funds_rate': 4.57, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.9, 't10y3m_spread': -1.31, 'breakeven_10y': 2.26, 'hy_oas': 4.61, 'ig_oas': 1.37, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 24.799999237060547}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-12]

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 2023-03-13 was -0.11%, which classifies as 'flat'.


ETH-USD over past 60 days: cumulative return -32.3%, annualized vol 60.8%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=3426.26, end=2320.90, cumulative_return=-32.3%, annualized_volatility=60.8%
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': -1.31, 'breakeven_10y': 2.08, 'hy_oas': 3.37, 'ig_oas': 0.99, 'ted_spread': 0.09, 'mortgage_30y': 6.2, 'vix': 16.559999465942383}
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: positive

Explanation: The actual 21-day forward return for ETH-USD starting 2024-09-16 was +5.51%, which classifies as 'positive'.


AVAX-USD over past 60 days: cumulative return +15.4%, annualized vol 42.6%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=9.92, end=11.45, cumulative_return=+15.4%, annualized_volatility=42.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.15, 't10y3m_spread': -0.72, 'breakeven_10y': 2.44, 'hy_oas': 4.5, 'ig_oas': 1.32, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 19.75}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-30]

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

Answer: positive

Explanation: The actual 21-day forward return for AVAX-USD starting 2023-10-31 was +68.17%, which classifies as 'positive'.


UNG over past 60 days: cumulative return -10.8%, annualized vol 43.8%. Market regime: sideways.

Question:
Asset: UNG
Historical prices (past 60 trading days): start=29.68, end=26.48, cumulative_return=-10.8%, annualized_volatility=43.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.63, 't10y3m_spread': -1.08, 'breakeven_10y': 2.38, 'hy_oas': 3.89, 'ig_oas': 1.2, 'ted_spread': 0.09, 'mortgage_30y': 7.19, 'vix': 17.540000915527344}
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: positive

Explanation: The actual 21-day forward return for UNG starting 2023-09-22 was +1.19%, which classifies as 'positive'.


VEA over past 60 days: cumulative return +4.0%, annualized vol 10.6%. Market regime: sideways.

Question:
Asset: VEA
Historical prices (past 60 trading days): start=43.68, end=45.42, cumulative_return=+4.0%, annualized_volatility=10.6%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.3, 't10y3m_spread': -0.82, 'breakeven_10y': 2.43, 'hy_oas': 3.28, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 19.229999542236328}
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 VEA over the next 21 trading days will be: positive (>+1%), negative (<-1%), or flat (within ±1%).

Answer: positive

Explanation: The actual 21-day forward return for VEA starting 2024-04-16 was +7.02%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +59.9%, annualized vol 72.3%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=354.71, end=567.22, cumulative_return=+59.9%, annualized_volatility=72.3%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.023, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.38, 't10y3m_spread': -0.95, 'breakeven_10y': 2.39, 'hy_oas': 3.25, 'ig_oas': 0.92, 'ted_spread': 0.09, 'mortgage_30y': 6.88, 'vix': 17.309999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-19]

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

Answer: positive

Explanation: The actual 21-day forward return for BNB-USD starting 2024-04-15 was +6.44%, which classifies as 'positive'.


TLT over past 60 days: cumulative return +2.6%, annualized vol 13.1%. Market regime: sideways.

Question:
Asset: TLT
Historical prices (past 60 trading days): start=86.70, end=88.98, cumulative_return=+2.6%, annualized_volatility=13.1%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 315.631, 'unemployment': 4.1, 'gdp_growth_qoq': 23586.542, 't10y2y_spread': 0.06, 't10y3m_spread': -0.71, 'breakeven_10y': 2.27, 'hy_oas': 2.99, 'ig_oas': 0.87, 'ted_spread': 0.09, 'mortgage_30y': 6.12, 'vix': 21.420000076293945}
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 2024-10-09 was -2.98%, which classifies as 'negative'.


SOL-USD over past 60 days: cumulative return -8.4%, annualized vol 50.8%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=20.98, end=19.22, cumulative_return=-8.4%, annualized_volatility=50.8%
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': -1.64, 'breakeven_10y': 2.25, 'hy_oas': 4.68, 'ig_oas': 1.44, 'ted_spread': 0.09, 'mortgage_30y': 6.39, 'vix': 20.030000686645508}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-05-24]

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 2023-05-25 was -23.37%, which classifies as 'negative'.


ADA-USD over past 60 days: cumulative return +32.6%, annualized vol 63.4%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.52, end=0.69, cumulative_return=+32.6%, annualized_volatility=63.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.41, 't10y3m_spread': -1.34, 'breakeven_10y': 2.32, 'hy_oas': 3.31, 'ig_oas': 1.01, 'ted_spread': 0.09, 'mortgage_30y': 6.94, 'vix': 14.460000038146973}
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 2024-03-06 was -11.63%, which classifies as 'negative'.


XLRE over past 60 days: cumulative return +3.7%, annualized vol 21.6%. Market regime: sideways.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=33.63, end=34.86, cumulative_return=+3.7%, annualized_volatility=21.6%
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': -1.3, 'breakeven_10y': 2.17, 'hy_oas': 3.77, 'ig_oas': 1.11, 'ted_spread': 0.09, 'mortgage_30y': 7.03, 'vix': 13.0600004196167}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-12-07] ["US STOCKS-Nasdaq ends sharply higher as Alphabet and AMD fuel AI surge (Updated at 4:10 p.m. ET/ 2110 GMT) * Investors cheer Alphabet's new AI model * Advanced Micro Devices climbs after AI-chip market forecast * Weekly jobless claims lower than expected * Indexes: S&P 500 +0.80%, Nasdaq +1.37%, Dow +0.18% * By Noel Randewich and Shristi Achar A Dec 7 (Reuters) - The Nasdaq ended sharply higher on Thursday after Alphabet and Advanced Micro Devices sparked a megacap rally on fresh optimism about artificial intelligence. Shares of Alphabet jumped 5.3% as analysts cheered the launch of the Google-parent's newest AI model, while AMD soared nearly 10% after the company estimated the potential market for its data center AI chips could reach $45 billion this year. Other heavyweight tech-related stocks also gained, with Nvidia and Meta Platforms rising over 2%, Amazon up 1.6% and Apple 1% higher. The Philadelphia semiconductor index jumped 2.8%, increasing its 2023 gain to 48%, much of that fueled by bets about the future of AI. \"Today it's an AMD-Google rally. There's a contagion effect across the market. Everyone wants to get on the bandwagon,\" said Jay Hatfield, CEO of Infrastructure Capital Management in New York. \"We're kind of in this weird market, a tag-team market, where one day tech leads, and then the next day value and the broad market lead.\" The S&P 500 has steadily climbed since the end of October on expectations the Federal Reserve has finished its campaign of interest rate hikes and that it could begin cutting rates in March. The S&P 500 climbed 0.80% to end the session at 4,585.59 points, with 1.8 stocks in the index gaining for each one that fell. The most traded stock in the S&P 500 was Tesla , with $25.7 billion worth of shares changing hands during the session. The shares rose 1.37%. The Nasdaq Composite jumped 1.37% to 14,339.99 points, while Dow Jones Industrial Average rose 0.18% to 36,117.57 points. Volume on U.S. exchanges was relatively heavy, with 11.2 billion shares traded, compared to an average of 10.8 billion shares over the previous 20 sessions. Traders have almost fully priced in the likelihood of the Fed keeping rates unchanged at its meeting next week. Data on Thursday showed the number of Americans filing new claims for unemployment benefits increased less than expected last week to a seasonally adjusted 220,000 for the week. A Labor Department jobs report due on Friday could hint at how quickly the U.S. economy is softening and may sway expectations about when the Fed is likely to begin cutting rates. Non-farm payrolls are expected to have increased by 180,000 jobs last month after rising by 150,000 in October. Interest rate futures imply a nearly 64% chance of a rate cut as soon as March, according to the CME Group's FedWatch tool. Limiting gains in the Dow, shares of Merck fell 1.7% after the drugmaker's immunotherapy combination failed in a lung cancer study. (Reporting by Amruta Khandekar and Shristi Achar A

Predict whether the return of XLRE 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 XLRE starting 2023-12-08 was +6.21%, which classifies as 'positive'.


MORT over past 60 days: cumulative return +0.1%, annualized vol 19.0%. Market regime: sideways.

Question:
Asset: MORT
Historical prices (past 60 trading days): start=8.80, end=8.81, cumulative_return=+0.1%, annualized_volatility=19.0%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.569, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.35, 't10y3m_spread': -1.11, 'breakeven_10y': 2.27, 'hy_oas': 3.25, 'ig_oas': 0.93, 'ted_spread': 0.09, 'mortgage_30y': 6.95, 'vix': 12.09000015258789}
Market regime: sideways

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

Answer: positive

Explanation: The actual 21-day forward return for MORT starting 2024-07-04 was +3.55%, which classifies as 'positive'.


SPY over past 60 days: cumulative return +1.6%, annualized vol 11.8%. Market regime: sideways.

Question:
Asset: SPY
Historical prices (past 60 trading days): start=480.75, end=488.46, cumulative_return=+1.6%, annualized_volatility=11.8%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 313.175, 'unemployment': 3.9, 'gdp_growth_qoq': 23286.508, 't10y2y_spread': -0.33, 't10y3m_spread': -0.83, 'breakeven_10y': 2.38, 'hy_oas': 3.21, 'ig_oas': 0.91, 'ted_spread': 0.09, 'mortgage_30y': 7.17, 'vix': 15.390000343322754}
Market regime: sideways
Recent filing/news:
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0000104169 us-gaap:FairValueInputsLevel12And3Member 2021-02-01 2022-01-31 00001 [...TRUNCATED...] sentation Linkbase Document 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith as an Exhibit. ** Furnished herewith as an Exhibit. (C) This Exhibit is a management contract or compensatory plan or arrangement (P) This Exhibit was originally filed in paper format. Accordingly, a hyperlink has not been provided. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Company hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. (c)    Financial Statement Schedules: None. ITEM 16. FORM 10-K SUMMARY None. 85 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.   Walmart Inc. Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated: Date: March 15, 2024   By   /s/ C. Douglas McMillon     C. Douglas McMillon     President and Chief Executive Officer and Director     (Principal Executive Officer) Date: March 15, 2024   By   /s/ Gregory B. Penner     Gregory B. Penner     Chairman of the Board and Director Date: March 15, 2024   By   /s/ John David Rainey     John David Rainey     Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: March 15, 2024   By   /s/ David M. Chojnowski     David M. Chojnowski     Senior Vice President and Controller (Principal Accounting Officer) Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 86 Date: March 15, 2024   By   /s/ Cesar Conde     Cesar Conde     Director Date: March 15, 2024 By /s/ Timothy P. Flynn Timothy P. Flynn Director Date: March 15, 2024 By /s/ Sarah Friar Sarah Friar Director Date: March 15, 2024 By /s/ Carla A. Harris Carla A. Harris Director Date: March 15, 2024 By /s/ Thomas W. Horton Thomas W. Horton Director Date: March 15, 2024 By /s/ Marissa A. Mayer Marissa A. Mayer Director Date: March 15, 2024 By /s/ Randall L. Stephenson Randall L. Stephenson Director Date: March 15, 2024   By   /s/ S. Robson Walton     S. Robson Walton     Director Date: March 15, 2024   By   /s/ Steuart L. Walton     Steuart L. Walton     Director Signature Page to Walmart Inc. Form 10-K for the Fiscal Year Ended January 31, 2024 87

Predict whether the return of SPY 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 SPY starting 2024-05-02 was +4.42%, which classifies as 'positive'.


EEM over past 60 days: cumulative return -2.0%, annualized vol 15.9%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=36.74, end=36.01, cumulative_return=-2.0%, annualized_volatility=15.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.276, 'unemployment': 3.7, 'gdp_growth_qoq': 22840.989, 't10y2y_spread': -0.66, 't10y3m_spread': -1.12, 'breakeven_10y': 2.37, 'hy_oas': 3.93, 'ig_oas': 1.2, 'ted_spread': 0.09, 'mortgage_30y': 7.19, 'vix': 17.200000762939453}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-09-22] ["Amazon (AMZN) Bolsters Echo Portfolio With New Devices Amazon AMZN has expanded its family of Echo devices by introducing Echo Show 8, Echo Hub and Echo Frames, which are expected to deliver customized, proactive and intuitive Alexa experiences. Notably, the Echo Show 8 has been upgraded with a 13-megapixel camera, improved audio pipeline, faster processor and built-in smart home hub, offering minimized background noise, enhanced audio, video calls, and room adaptation technology. Meanwhile, Echo Hub, the Alexa-enabled wall-mountable smart home control panel, boasts features like a customizable dashboard, a thin eight-inch display, and adaptive content using infrared technology to detect nearby users, enabling easy management of devices. Further, the next-generation Echo Frames feature five styles, improved battery life and enhanced speech processing technology, allowing hands-free use of Alexa, music and smart home devices. Additionally, Amazon partnered with Safilo, a leading eyewear manufacturer, to combine Alexa's capabilities with iconic Carrera designs, providing seamless integration into customers' daily lives. We mark the latest move as Amazon\u2019s effort to expand its smart home devices portfolio. Amazon.com, Inc. Price and Consensus Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote Growth Prospects Apart from the latest launch, Amazon recently added four other devices to its Echo portfolio, namely Echo Pop, Show 5, Show 5 Kids and Echo Buds, to bolster its Echo lineup. These launches give customers more choices in how they access Alexa. Further, Amazon infused generative AI into the Fire TV ecosystem, to enable voice search, personalized recommendations and personalized content search based on specific preferences. These endeavors are likely to strengthen the company\u2019s presence in the booming smart home devices market. Per a Future Market Insights report, the global smart home device market is expected to reach $300 billion by 2033, witnessing a CAGR of 17.8% during the period of 2023-2033. We believe Amazon\u2019s growing prospects in the promising smart home devices markets will likely aid its overall financial performance. This, in turn, is expected to instill investor optimism in the stock. For third-quarter 2023, Amazon expects net sales between $138 billion and $143 billion. Net sales are expected to grow 9-13% from the year-ago quarter\u2019s reported figure. The Zacks Consensus Estimate for net sales is pegged at $141.89 billion, suggesting year-over-year growth of 11.6%. Notably, AMZN\u2019s shares have gained 54% in the year-to-date period compared with the industry\u2019s growth of 33.2%. Stiff Competition We note that the expanding smart home devices portfolio will continue to aid Amazon to compete well with some notable industry players like Apple AAPL and Alphabet GOOGL, which are also making concerted efforts to gain a solid footing in the smart home market space. Notably, Apple\u2019s HomePod (2nd

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 2023-09-25 was -2.79%, which classifies as 'negative'.


GLD over past 60 days: cumulative return +16.6%, annualized vol 15.3%. Market regime: sideways.

Question:
Asset: GLD
Historical prices (past 60 trading days): start=151.45, end=176.64, cumulative_return=+16.6%, annualized_volatility=15.3%
Macro context: {'fed_funds_rate': 4.33, 'cpi_yoy': 300.42, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.69, 't10y3m_spread': -1.23, 'breakeven_10y': 2.21, 'hy_oas': 4.29, 'ig_oas': 1.33, 'ted_spread': 0.09, 'mortgage_30y': 6.33, 'vix': 18.82999992370605}
Market regime: sideways

Predict whether the return of GLD 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 GLD starting 2023-01-13 was -3.51%, which classifies as 'negative'.


VNQ over past 60 days: cumulative return -2.8%, annualized vol 16.9%. Market regime: bull.

Question:
Asset: VNQ
Historical prices (past 60 trading days): start=81.60, end=79.30, cumulative_return=-2.8%, annualized_volatility=16.9%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 312.345, 'unemployment': 3.9, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.34, 't10y3m_spread': -1.25, 'breakeven_10y': 2.32, 'hy_oas': 3.15, 'ig_oas': 0.94, 'ted_spread': 0.09, 'mortgage_30y': 6.87, 'vix': 12.779999732971191}
Market regime: bull

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 2024-03-28 was -7.31%, which classifies as 'negative'.


BTC-USD over past 60 days: cumulative return +43.6%, annualized vol 38.7%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=16841.99, end=24188.84, cumulative_return=+43.6%, annualized_volatility=38.7%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.73, 't10y3m_spread': -0.91, 'breakeven_10y': 2.41, 'hy_oas': 4.41, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 6.32, 'vix': 22.290000915527344}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-22]

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

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2023-02-23 was +4.62%, which classifies as 'positive'.


PALL over past 60 days: cumulative return -12.4%, annualized vol 34.1%. Market regime: sideways.

Question:
Asset: PALL
Historical prices (past 60 trading days): start=93.01, end=81.44, cumulative_return=-12.4%, annualized_volatility=34.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 314.062, 'unemployment': 4.2, 'gdp_growth_qoq': 23478.57, 't10y2y_spread': -0.04, 't10y3m_spread': -1.38, 'breakeven_10y': 2.11, 'hy_oas': 3.57, 'ig_oas': 1.07, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 27.850000381469727}
Market regime: sideways

Predict whether the return of PALL 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 PALL starting 2024-08-08 was +2.03%, which classifies as 'positive'.


MATIC-USD over past 60 days: cumulative return +46.0%, annualized vol 59.9%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.89, end=1.30, cumulative_return=+46.0%, annualized_volatility=59.9%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.45, 'unemployment': 3.6, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.82, 't10y3m_spread': -1.09, 'breakeven_10y': 2.34, 'hy_oas': 4.07, 'ig_oas': 1.2, 'ted_spread': 0.09, 'mortgage_30y': 6.09, 'vix': 19.6299991607666}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-02-08]

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

Answer: flat

Explanation: The actual 21-day forward return for MATIC-USD starting 2023-02-09 was -0.29%, which classifies as 'flat'.


BTC-USD over past 60 days: cumulative return -4.1%, annualized vol 28.4%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=29178.68, end=27983.75, cumulative_return=-4.1%, annualized_volatility=28.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.44, 't10y3m_spread': -0.96, 'breakeven_10y': 2.35, 'hy_oas': 4.03, 'ig_oas': 1.25, 'ted_spread': 0.09, 'mortgage_30y': 7.31, 'vix': 17.520000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-01]

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

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2023-10-02 was +20.18%, which classifies as 'positive'.


VLUE over past 60 days: cumulative return +10.7%, annualized vol 15.1%. Market regime: sideways.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=85.27, end=94.36, cumulative_return=+10.7%, annualized_volatility=15.1%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 309.698, 'unemployment': 3.7, 'gdp_growth_qoq': 23082.119, 't10y2y_spread': -0.39, 't10y3m_spread': -1.49, 'breakeven_10y': 2.22, 'hy_oas': 3.69, 'ig_oas': 1.09, 'ted_spread': 0.09, 'mortgage_30y': 6.62, 'vix': 14.130000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2024-01-04] ["Intel Will Take Another Swing at Nvidia and AMD in 2024 The graphics card market is no longer a duopoly. Intel (NASDAQ: INTC) launched its first discrete family of graphics cards in late 2022. While the launch was bumpy, the company managed to offer a compelling value proposition for gamers in the budget portion of the market. Nvidia (NASDAQ: NVDA) is still the market leader by far, and Advanced Micro Devices (NASDAQ: AMD) is in a distant second place. Intel has gained a small foothold, but only in the budget portion of the market. The company's issues with buggy software drivers, particularly soon after launch, have likely driven some gamers away. Another shot in 2024 Intel's first generation of graphics cards made no attempt to compete with Nvidia and AMD at higher price points. The Arc A750 sells today for around $210, and the Arc A770 goes for around $320, although prices have dipped lower at times. These cards are competitive for the price, although performance can be inconsistent due to nagging driver issues. Helping Intel in 2023 were lackluster mid-range graphics card launches from both Nvidia and AMD. Nvidia's RTX 4060 and RTX 4060 Ti came with limitations and high price tags. Tom's Hardware concluded that the priciest variant was \"overpriced for what you get, much like most of the rest of Nvidia's current RTX 40-series lineup.\" AMD's efforts weren't much better. The RX 7600 wasn't much of an upgrade over previous models, and the value proposition, compared to last-gen products, was weak, even after a last-minute price cut. While Nvidia is expected to roll out a product refresh soon, genuinely new mid-range graphics cards from Nvidia and AMD likely won't be coming until 2025. The gap between Nvidia's RTX 3060 and RTX 4060 was more than two years, and the RTX 4060 has only been on the market since mid-2023. AMD may fill in some gaps in its lineup in 2024, but next-generation products are likely a ways off. Intel's next-generation graphics cards, codenamed Battlemage, are expected to arrive sometime in 2024. With Battlemage, Intel is expected to move up into the enthusiast portions of the market that its first-generation products avoided. While Intel probably won't be going toe-to-toe with Nvidia's highest-end products, Battlemage should appeal to a broader swath of gamers. Intel proved with its first-generation products that it can produce capable graphics hardware. With its second-generation products, it must prove that it's committed enough to the market to continually improve its software and eliminate the bugs and inconsistencies that have been holding it back. A multibillion-dollar opportunity Jon Peddie Research expects the market for discrete graphics cards to grow to $39 billion by 2026. That estimate was thrown out in late 2022 before the artificial intelligence (AI) bonanza caused demand for data center GPUs to explode. Considering just the market for graphics cards aimed at gaming, however, that's likely still a reasonable

Predict whether the return of VLUE 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 VLUE starting 2024-01-05 was -0.47%, which classifies as 'flat'.


ETH-USD over past 60 days: cumulative return +16.9%, annualized vol 28.4%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1616.83, end=1889.32, cumulative_return=+16.9%, annualized_volatility=28.4%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 308.148, 'unemployment': 3.7, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.44, 't10y3m_spread': -1.05, 'breakeven_10y': 2.34, 'hy_oas': 4.08, 'ig_oas': 1.28, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 14.449999809265137}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-11-08]

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 2023-11-09 was -3.21%, which classifies as 'negative'.


SCHH over past 60 days: cumulative return -4.0%, annualized vol 22.8%. Market regime: sideways.

Question:
Asset: SCHH
Historical prices (past 60 trading days): start=17.42, end=16.73, cumulative_return=-4.0%, annualized_volatility=22.8%
Macro context: {'fed_funds_rate': 4.83, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.47, 't10y3m_spread': -1.25, 'breakeven_10y': 2.31, 'hy_oas': 5.01, 'ig_oas': 1.52, 'ted_spread': 0.09, 'mortgage_30y': 6.42, 'vix': 19.96999931335449}
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: positive

Explanation: The actual 21-day forward return for SCHH starting 2023-03-29 was +3.72%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +32.2%, annualized vol 34.5%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=26089.69, end=34502.82, cumulative_return=+32.2%, annualized_volatility=34.5%
Macro context: {'fed_funds_rate': 5.33, 'cpi_yoy': 307.696, 'unemployment': 3.9, 'gdp_growth_qoq': 23033.78, 't10y2y_spread': -0.13, 't10y3m_spread': -0.64, 'breakeven_10y': 2.43, 'hy_oas': 4.37, 'ig_oas': 1.3, 'ted_spread': 0.09, 'mortgage_30y': 7.49, 'vix': 20.190000534057617}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-10-25]

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

Answer: positive

Explanation: The actual 21-day forward return for BTC-USD starting 2023-10-26 was +5.85%, which classifies as 'positive'.


XLE over past 60 days: cumulative return -4.8%, annualized vol 25.9%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=38.17, end=36.33, cumulative_return=-4.8%, annualized_volatility=25.9%
Macro context: {'fed_funds_rate': 4.58, 'cpi_yoy': 301.821, 'unemployment': 3.5, 'gdp_growth_qoq': 22439.607, 't10y2y_spread': -0.48, 't10y3m_spread': -1.32, 'breakeven_10y': 2.24, 'hy_oas': 5.03, 'ig_oas': 1.51, 'ted_spread': 0.09, 'mortgage_30y': 6.73, 'vix': 26.520000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2023-03-13] ["Apple's (AAPL) Animation Film Emerges Winner at 2023 Oscars Apple AAPL continues its winning stride at the Academy Awards with its animation movie The Boy, the Mole, the Fox and the Horse winning an Oscar for Best Animated Short Film. Last year, Apple won three Academy Awards for CODA. Based on the book by Charlie Mackesy, The Boy, the Mole, the Fox and the Horse has already won a BAFTA award, four Annie Awards including Best Special Production, and an NAACP Image Awards nomination for Outstanding Short Form (Animated) film. Apple\u2019s impressive run at the Oscars has been instrumental in driving recognition of Apple TV+ in the saturated streaming market currently dominated by the likes of Amazon AMZN Prime Video, Netflix NFLX and Disney\u2019s DIS Disney+. Nevertheless, the growing popularity of Apple TV+ and services like Fitness+ have been beneficial for Apple\u2019s Services business, which has become a major revenue-generating source in recent times. The Services portfolio currently has more than 935 million paid subscribers and accounted for 17.7% of sales in the fiscal first quarter. Services revenues increased 6.4% from the year-ago quarter to $20.77 billion. Apple Inc. Price, Consensus and EPS Surprise Apple Inc. price-consensus-eps-surprise-chart | Apple Inc. Quote For the fiscal second quarter, Services revenues are expected to grow year over year despite challenging macroeconomic conditions, as well as weakness in digital advertising and gaming. Apple shares have outperformed the Zacks Computer and Technology sector in the past year. While AAPL shares have declined 1.4%, Netflix, Disney and Amazon shares have declined 11.5%, 27.4% and 36%, respectively. Estimates on the Rise The Zacks Consensus Estimate for Apple\u2019s fiscal second-quarter earnings has increased by a penny to $1.44 over the past 30 days. Apple expects the fiscal second quarter\u2019s year-over-year revenue growth to be similar to that of the December (fiscal first) quarter due to unfavorable forex. In the previous quarter, net sales decreased 5.5% year over year to $117.15 billion. Unfavorable forex hurt revenues by more than 800 basis points. For iPhone, Apple expects the March quarter\u2019s year-over-year revenue growth to accelerate relative to the December quarter\u2019s year-over-year revenue growth. For Mac and iPad, this Zacks Rank #3 (Hold) company expects revenues to decline double digits on a year-over-year basis due to challenging comparison and macroeconomic headwinds. You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profit

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

Answer: positive

Explanation: The actual 21-day forward return for XLE starting 2023-03-14 was +7.62%, which classifies as 'positive'.