ETH-USD over past 60 days: cumulative return +37.7%, annualized vol 79.6%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=320.88, end=441.72, cumulative_return=+37.7%, annualized_volatility=79.6%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 247.805, 'unemployment': 4.1, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.58, 't10y3m_spread': 1.1, 'breakeven_10y': 1.88, 'hy_oas': 3.63, 'ig_oas': 1.02, 'ted_spread': 0.29, 'mortgage_30y': 3.94, 'vix': 9.729999542236328}
Market regime: sideways

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 2017-12-11 was +49.99%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return -17.6%, annualized vol 53.8%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=7986.24, end=6582.36, cumulative_return=-17.6%, annualized_volatility=53.8%
Macro context: {'fed_funds_rate': 1.7, 'cpi_yoy': 251.018, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.42, 't10y3m_spread': 1.04, 'breakeven_10y': 2.13, 'hy_oas': 3.38, 'ig_oas': 1.22, 'ted_spread': 0.45, 'mortgage_30y': 4.54, 'vix': 12.34000015258789}
Market regime: sideways

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 2018-06-13 was +3.90%, which classifies as 'positive'.


QUAL over past 60 days: cumulative return -7.6%, annualized vol 17.6%. Market regime: sideways.

Question:
Asset: QUAL
Historical prices (past 60 trading days): start=56.42, end=52.15, cumulative_return=-7.6%, annualized_volatility=17.6%
Macro context: {'fed_funds_rate': 0.38, 'cpi_yoy': 237.652, 'unemployment': 4.8, 'gdp_growth_qoq': 19001.69, 't10y2y_spread': 1.16, 't10y3m_spread': 1.7, 'breakeven_10y': 1.36, 'hy_oas': 7.83, 'ig_oas': 1.99, 'ted_spread': 0.31, 'mortgage_30y': 3.81, 'vix': 22.5}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-01-26] ["Skyworks, Cirrus: Apple \u2018Capitulation\u2019 Will Be the Buy Sign, Says Pac Crest When Apple (AAPL) files fiscal Q1 results tomorrow, Tuesday, after the closing bell, it\u2019ll be time to buy shares of SkyworksSolutions (SWKS) and Cirrus Logic (CRUS), according to John Vinh with Pacific Crest Securities in a note to clients today.Apple\u2019s numbers, after months of hand-wringing about the volume of iPhone shipments that may happen in March \u2014 something that carried right through to today \u2014 is expected by Vinh to lead to a \"reset in expectations\u201d that \"would be viewed as a positive catalyst for suppliers CRUS and SWKS.\"The stocks already probably reflect the worst for Cirrus and Skyworks, he writes:Read further...", "Apple Q1 Capitulation to Boost Cirrus, Skyworks Weaker-than-expected results and guidance from Apple is anticipated and would prove a catalyst to suppliers.", "Apple Earnings: 3 Supply Chain Stocks to Watch Asian suppliers are down 30% but don\u2019t rush in: Market share gainers with strong cash flows are best bets.", "Can Tim Cook solve Apple\u2019s China challenge? Chinese market holds the key to Apple\u2019s earnings China, powered by a swelling middle class, last year became Apple Inc.\u2019s biggest market after the Americas.", "10 stock market \u2018darlings\u2019 you may want to break up with Credit Suisse has identified the stocks most commonly held by funds \u2014 and recommends selling a lot of them Credit Suisse has identified the stocks most commonly held by funds \u2014 and recommends selling a lot of them.", "Here\u2019s the chart that predicts Apple shares are headed for the $70s Critical intelligence before the U.S. stock market opens Apple reports Tuesday and a lot is on the line, both for investors in the stock and those in the S&P 500. The gloomsters won\u2019t be silenced. Here\u2019s one call that says the stock is headed to $70.", "The turning point in the stock market starts now Company earnings and economic reports support a rebound in equities Company earnings and economic reports support a rebound in equities, writes Tim Mullaney.", "Apple: Ahead of FYQ1 Report, Estimates Still Coming Down Shares of Apple (AAPL) are up 13 cents at $99.57, reversing losses at the open, as the company heads toward its fiscal Q1 report this afternoon, after the closing bell.Analysts are, on average, are modeling $76.6 billion and $3.23 per share. That includes an estimate for Apple to have sold 75 million iPhones, according to FactSet.For the March forecast, the Street is currently modeling $55.41 billion and $2.21 per share. That includes an iPhone number of 54 million units.There\u2019s still time for analysts to get their vote in for tonight\u2019s report. A couple are also still cutting their iPhone numbers for the full year that ends in September.Read further...", "Apple investors bracing for first decline in iPhone sales What to expect from Apple earnings, planned for Tuesday afternoon Apple is p

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

Answer: positive

Explanation: The actual 21-day forward return for QUAL starting 2016-01-27 was +3.50%, which classifies as 'positive'.


FXI over past 60 days: cumulative return -0.4%, annualized vol 29.5%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=40.62, end=40.47, cumulative_return=-0.4%, annualized_volatility=29.5%
Macro context: {'fed_funds_rate': 0.07, 'cpi_yoy': 264.961, 'unemployment': 6.1, 'gdp_growth_qoq': 21082.134, 't10y2y_spread': 1.49, 't10y3m_spread': 1.61, 'breakeven_10y': 2.32, 'hy_oas': 3.53, 'ig_oas': 1.02, 'ted_spread': 0.17, 'mortgage_30y': 3.17, 'vix': 19.809999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-03-25] ["Playdate's mirror app links the handheld to a PC for streaming and control When Panic's Playdate portable console ships, you'll be able to plug it into a PC to mirror the screen for streaming, or control it from the computer.", "Gillmor Gang: Grifters Paradise The other day, I attended a celebration of one of the pioneers of collaboration technology, Ray Ozzie. The father of Lotus Notes, Ozzie left Lotus and his startup firm Iris after a hostile takeover by IBM, and eventually joined Microsoft when that company acquired his next startup, Groove. Ray's peers and partners gathered in a Zoom chat, with a tour of Ray's early days including amazing hardware like a touchscreen based enterprise chat system called Plato, and these strange things called floppy disks with the earliest source code for DOS and other prehistoric things called operating systems.", "SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS EBIX, EH, FUBO, MPLN INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits NEW ORLEANS, March 24, 2021 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits: EHang Holdings Limited (EH) Class Period: 12/12/2019 \u2013 2/16/2021 (2/16/21, purchases at or above the price of $112.00).Lead Plaintiff Motion Deadline: April 19, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgm-eh/ fuboTV Inc. (FUBO) Class Period: 3/23/2020 \u2013 1/4/2021Lead Plaintiff Motion Deadline: April 19, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nyse-fubo/ Ebix, Inc. (EBIX) Class Period: 11/9/2020 - 2/19/2021Lead Plaintiff Motion Deadline: April 23, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-ebix/ MultiPlan Corporation f/k/a Churchill Capital Corp. III (MPLN) Class Period: 7/12/2020 - 11/10/2020 and/or were holders of Churchill Capital Corp. III (\u201cChurchill\u201d) Class A common stock entitled to vote on Churchill\u2019s merger with and acquisition of Polaris Parent Corp. and its consolidated subsidiaries completed in October 2020.Lead Plaintiff Motion Deadline: April 26, 2021SECURITIES FRAUD, MISLEADING PROSPECTUSTo learn more, visit https://www.ksfcounsel.com/cases/nyse-mpln/ If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, via email (Lewis.Kahn@KSFcounsel.com), or via the case links above. If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline. About KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\u2019s premier boutique securities

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 2021-03-26 was +0.43%, which classifies as 'flat'.


DOT-USD over past 60 days: cumulative return -31.4%, annualized vol 116.7%. Market regime: sideways.

Question:
Asset: DOT-USD
Historical prices (past 60 trading days): start=36.79, end=25.23, cumulative_return=-31.4%, annualized_volatility=116.7%
Macro context: {'fed_funds_rate': 0.06, 'cpi_yoy': 268.383, 'unemployment': 5.8, 'gdp_growth_qoq': 21440.929, 't10y2y_spread': 1.52, 't10y3m_spread': 1.67, 'breakeven_10y': 2.48, 'hy_oas': 3.4, 'ig_oas': 0.92, 'ted_spread': 0.14, 'mortgage_30y': 2.94, 'vix': 22.18000030517578}
Market regime: sideways

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 2021-05-20 was -22.18%, which classifies as 'negative'.


EFA over past 60 days: cumulative return -6.1%, annualized vol 13.1%. Market regime: sideways.

Question:
Asset: EFA
Historical prices (past 60 trading days): start=70.53, end=66.20, cumulative_return=-6.1%, annualized_volatility=13.1%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 282.543, 'unemployment': 4.0, 'gdp_growth_qoq': 21932.71, 't10y2y_spread': 0.72, 't10y3m_spread': 1.66, 'breakeven_10y': 2.38, 'hy_oas': 3.25, 'ig_oas': 1.03, 'ted_spread': 0.09, 'mortgage_30y': 3.56, 'vix': 31.959999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-01-26] ["Adobe Systems (ADBE) Dips More Than Broader Markets: What You Should Know Adobe Systems (ADBE) closed the most recent trading day at $500.81, moving -0.38% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.05%. Heading into today, shares of the software maker had lost 11.7% over the past month, outpacing the Computer and Technology sector's loss of 14.1% and lagging the S&P 500's loss of 7.66% in that time. Adobe Systems will be looking to display strength as it nears its next earnings release. On that day, Adobe Systems is projected to report earnings of $3.34 per share, which would represent year-over-year growth of 6.37%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.23 billion, up 8.34% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $13.72 per share and revenue of $17.89 billion, which would represent changes of +9.94% and +13.35%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Adobe Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Adobe Systems is holding a Zacks Rank of #5 (Strong Sell) right now. Valuation is also important, so investors should note that Adobe Systems has a Forward P/E ratio of 36.66 right now. This represents a premium compared to its industry's average Forward P/E of 31.57. Also, we should mention that ADBE has a PEG ratio of 2.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ADBE's industry had an average PEG ratio of 2.56 as of yesterday's close. The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com.

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 2022-01-27 was +0.21%, which classifies as 'flat'.


ADA-USD over past 60 days: cumulative return +450.0%, annualized vol 136.7%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.16, end=0.89, cumulative_return=+450.0%, annualized_volatility=136.7%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 263.579, 'unemployment': 6.2, 'gdp_growth_qoq': 21082.134, 't10y2y_spread': 1.18, 't10y3m_spread': 1.25, 'breakeven_10y': 2.21, 'hy_oas': 3.44, 'ig_oas': 0.94, 'ted_spread': 0.14, 'mortgage_30y': 2.73, 'vix': 21.5}
Market regime: sideways

Predict whether the return of ADA-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 ADA-USD starting 2021-02-18 was +23.05%, which classifies as 'positive'.


MATIC-USD over past 60 days: cumulative return +11.6%, annualized vol 85.8%. Market regime: sideways.

Question:
Asset: MATIC-USD
Historical prices (past 60 trading days): start=0.02, end=0.02, cumulative_return=+11.6%, annualized_volatility=85.8%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 258.352, 'unemployment': 10.2, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.49, 't10y3m_spread': 0.48, 'breakeven_10y': 1.41, 'hy_oas': 6.03, 'ig_oas': 1.5, 'ted_spread': 0.12, 'mortgage_30y': 3.03, 'vix': 29.520000457763672}
Market regime: sideways

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 2020-07-15 was -4.02%, which classifies as 'negative'.


PALL over past 60 days: cumulative return -18.7%, annualized vol 38.0%. Market regime: sideways.

Question:
Asset: PALL
Historical prices (past 60 trading days): start=222.19, end=180.56, cumulative_return=-18.7%, annualized_volatility=38.0%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 257.042, 'unemployment': 11.0, 'gdp_growth_qoq': 19077.992, 't10y2y_spread': 0.54, 't10y3m_spread': 0.56, 'breakeven_10y': 1.38, 'hy_oas': 6.02, 'ig_oas': 1.56, 'ted_spread': 0.14, 'mortgage_30y': 3.13, 'vix': 31.3700008392334}
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 2020-06-24 was +15.37%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +21.6%, annualized vol 72.3%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=3599.77, end=4376.63, cumulative_return=+21.6%, annualized_volatility=72.3%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 245.183, 'unemployment': 4.4, 'gdp_growth_qoq': 19660.766, 't10y2y_spread': 0.9, 't10y3m_spread': 1.21, 'breakeven_10y': 1.78, 'hy_oas': 3.88, 'ig_oas': 1.14, 'ted_spread': 0.32, 'mortgage_30y': 3.9, 'vix': 11.739999771118164}
Market regime: sideways

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 2017-08-17 was +6.19%, which classifies as 'positive'.


SCHH over past 60 days: cumulative return -9.4%, annualized vol 24.6%. Market regime: sideways.

Question:
Asset: SCHH
Historical prices (past 60 trading days): start=17.18, end=15.57, cumulative_return=-9.4%, annualized_volatility=24.6%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 259.316, 'unemployment': 8.4, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.58, 't10y3m_spread': 0.61, 'breakeven_10y': 1.8, 'hy_oas': 5.02, 'ig_oas': 1.36, 'ted_spread': 0.14, 'mortgage_30y': 2.91, 'vix': 26.40999984741211}
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: flat

Explanation: The actual 21-day forward return for SCHH starting 2020-09-01 was -0.70%, which classifies as 'flat'.


XLF over past 60 days: cumulative return +3.8%, annualized vol 15.0%. Market regime: sideways.

Question:
Asset: XLF
Historical prices (past 60 trading days): start=23.31, end=24.20, cumulative_return=+3.8%, annualized_volatility=15.0%
Macro context: {'fed_funds_rate': 1.91, 'cpi_yoy': 251.214, 'unemployment': 3.8, 'gdp_growth_qoq': 20276.154, 't10y2y_spread': 0.29, 't10y3m_spread': 0.99, 'breakeven_10y': 2.11, 'hy_oas': 3.42, 'ig_oas': 1.17, 'ted_spread': 0.39, 'mortgage_30y': 4.54, 'vix': 12.140000343322754}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-07-26] ["This reversal shows there\u2019s risk in the bullish stock market \u2014 and Facebook is further proof Big tech stocks are faltering, so make sure to hold cash and maintain hedges Big tech stocks are faltering, so make sure to hold cash and maintain hedges, says Nigam Arora.", "This FAANG stock looks like the next Berkshire Hathaway \u2014 a smart bet for the next 25 years Critical information for the U.S. trading day Tough day out there for tech stocks, but our call of the day says if you\u2019ve got an eye on the future, then this superstar in that sector could be big like Berkshire in the next 25 years.", "Qualcomm drops NXP acquisition, leaves analysts concerned about Apple business Several price-target hikes follow better-than-expected earnings Nearly two years after Qualcomm Inc. announced its intent to acquire NXP Semiconductors NV, investors are pleased that the company is moving on.", "Is Facebook\u2019s thud a bad omen for FAANG stocks? Simon Maierhofer looks at technical indicators that suggest the fundamentals are deteriorating Simon Maierhofer looks at technical indicators that suggest the fundamentals are deteriorating.", "Wall Street veteran who flagged Apple at $1.14 a share says these 5 overlooked stocks are buys \u2018Turnaround Letter\u2019 editor\u2019s picks include Blue Apron, AMC Entertainment \u2018Turnaround Letter\u2019 editor\u2019s picks include Blue Apron, AMC Entertainment, writes Mark Hulbert.", "Amazon earnings: Prime Day isn\u2019t the only thing giving business a boost Amazon shares are up 25.3% for the last three months and the e-commerce giant is on the road to a $1 trillion market cap Amazon is expected to report earnings that reflect growth across advertising and cloud services as well as e-commerce.", "Intel earnings: After CEO departure, chip maker needs a win Data-center and PC revenue will be closely watched as Intel looks for a new leader Intel Corp. needs strong gains in its core personal-computer business as well as its server segment to overcome uncertainties about management succession and its manufacturing processes in the wake of a sudden shake-up.", "Why Facebook\u2019s stock plunge may gather steam When stocks open 15% or lower after earnings, they tend to close even weaker by the end of session It is an ugly day for Facebook, but an unsightly tumble for the social-media giant may get worse before it gets better.", "Facebook Investors Want to Strip Zuckerberg of Chairman Title Trillium, which filed a shareholder proposal asking the company to remove Zuckerberg as chairman before the company announced disappointing results Wednesday, is the latest group of investors who want a change.", "Tech Today: Facebook\u2019s Fall, AMD\u2019s New High, an Apple Beat? Facebook's got a credibility gap to deal with, AMD is heading for its highest level in over a decade, and some see nice trends for Apple heading into its earnings report next Tuesday.", "\u2018Oh sh-t!\u2019 Facebook\u2019s historic plunge, as

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 2018-07-27 was +1.74%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return -11.2%, annualized vol 24.0%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=106.02, end=94.13, cumulative_return=-11.2%, annualized_volatility=24.0%
Macro context: {'fed_funds_rate': 0.38, 'cpi_yoy': 237.336, 'unemployment': 4.9, 'gdp_growth_qoq': 19001.69, 't10y2y_spread': 1.04, 't10y3m_spread': 1.45, 'breakeven_10y': 1.24, 'hy_oas': 8.17, 'ig_oas': 2.16, 'ted_spread': 0.32, 'mortgage_30y': 3.65, 'vix': 21.63999938964844}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-02-18] Analog Devices Beats Q1 Earnings and Revenue Estimates Analog Devices Inc.ADI reported first-quarter fiscal 2016 earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents. Adjusted earnings per share excluded one-time items but included stock-based compensation expenses. Following the first-quarter results, shares were down 1.1% in after-hour trading session due to weaker economic conditions and significant weakness in the portable consumer electronics sector. Revenues Analog Devices generated revenues of $769.4 million, down 21.4% sequentially and 0.3% year over year. The decline was due to significant weakness in the consumer market, especially the consumer portable segment. However, other end markets - industrial, automotive and communications infrastructure - performed in line with the company's expectations. However, revenues were above the company's recent revised guidance range of $745-$765 million as well as the Zacks Consensus Estimate of $761.0 million. Revenues by End Markets Industrial market generated 45% of Analog Devices' total revenue (down 5.1% sequentially and 1% year over year). This represents a diversified market for the company, including industrial automation, instrumentation, energy, defense and health care segments. Communications generated 22% of total revenue, up 4.1% sequentially but down 15.9% year over year. Within Communications, wireline applications improved both sequentially as well as year over year. However, wireless infrastructure grew from the last quarter but was down from the prior year. The Automotive segment generated around 17% of Analog Devices' first-quarter revenues, down 4.3% sequentially but up 2.2% year over year. Revenues in all the sub-segments under this business were flat to down sequentially and in line with the seasonal patterns. The Consumer segment, which Analog Devices clubbed with its computing and handset businesses, plummeted 60.3% sequentially but grew 31.6% year over year. It accounted for 16% of total revenue. Though audio/video applications decreased in line with seasonal patterns, revenues from portable consumer applications declined significantly due to weaker-than-expected customer demand. Margins Pro-forma gross margin was 62.2%, down 350 basis points (bps) sequentially and 340 bps year over year. The decline was primarily due to higher inventory reserves and lower utilization rates. Analog Devices reported adjusted operating expenses of $264.8 million, down 9.3% sequentially and 1.4% year over year. Pro-forma operating margin of 27.8% was down 810 bps sequentially and 304 bps year over year. Analog Devices Inc. - Earnings Surprise | FindTheBest Net Profit On a GAAP basis, Analog Devices recorded a net profit of $164.5 million or 52 cents per share compared with $96.3 million or 30 cents in the prior quarter. The company generated adjusted net profit of $176.3 million compared with $326.1 million in the fourth quarter. Pro-forma earnings per share came

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 2016-02-19 was +6.38%, which classifies as 'positive'.


ETH-USD over past 60 days: cumulative return -2.3%, annualized vol 57.5%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=185.69, end=181.41, cumulative_return=-2.3%, annualized_volatility=57.5%
Macro context: {'fed_funds_rate': 1.9, 'cpi_yoy': 257.155, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.16, 't10y3m_spread': 0.1, 'breakeven_10y': 1.56, 'hy_oas': 4.01, 'ig_oas': 1.2, 'ted_spread': 0.36, 'mortgage_30y': 3.57, 'vix': 13.539999961853027}
Market regime: sideways

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 2019-10-16 was +8.85%, which classifies as 'positive'.


EEM over past 60 days: cumulative return +10.9%, annualized vol 19.4%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=26.30, end=29.18, cumulative_return=+10.9%, annualized_volatility=19.4%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.545, 'unemployment': 4.9, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.84, 't10y3m_spread': 1.22, 'breakeven_10y': 1.46, 'hy_oas': 5.69, 'ig_oas': 1.5, 'ted_spread': 0.47, 'mortgage_30y': 3.48, 'vix': 12.4399995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-08-01] ["Tech Turbocharged By Earnings, Chart Breakouts Last week\u2019s killer earnings from Facebook, Alphabet and Apple paced an already energized tech sector.", "The drive behind Uber and Didi\u2019s odd billions Ride-hailing services battle for China with cash that isn\u2019t coming from venture capital Two ride-hailing giants are bringing in billions of dollars from untraditional sources, and the goals seem clear.", "The complicated web of companies that will determine the future of cars Race with tech giants to autonomous services pushes partnerships between carmakers and ride-hailing startups Auto makers, ride-hailing companies and tech companies are all part of an intricate web of partnerships and investments working toward an autonomous future.", "Sony: Could Have 54% Upside; Four Reasons to Be Bullish Japanese electronics giant Sony (6758.JP) is making investors believe in the stock again. Shares are up 2.2% this morning following the company\u2019s stunning June quarter earnings beat last Friday. The stock has rebounded 12% this year after having plummeted 35% in the second half ofSony unveiled a JPY56 billion operating profit for the June quarter, which is well above the JPY3 billion operating loss analysts were expecting. Revenues of JPY1.6 trillion were down 11% year-on-year although the fall narrows to 3% after adjusting for the stronger yen.READ MORE>>", "Didi Chuxing reaches deal to buy Uber\u2019s China operations Uber, investors in UberChina unit will own 20% of Didi; Chinese ride-hailing company will invest $1 billion in Uber Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China\u2019s riders, swapping its local operations there for a minority stake in the country\u2019s homegrown champion, Didi Chuxing Technology Co.", "Earnings signal a bear market: \u2018Sell the house, sell the car, sell the kids\u2019 Critical intelligence before the U.S. market opens Investors are certainly looking for something to light a fire under this market, considering the S&P 500 over the past 11 days has been stuck in the narrowest range in 45 years.", "Worldwide tablet shipments plunge 12% in second quarter: IDC", "VirnetX's stock plunges 46% premarket after disappointing court ruling on Apple patent suits", "Apple grows share of total tablet market despite sales decline Worldwide shipments of tablets fell 12% in the second quarter, according to a new report from IDC. Roughly 65% of tablets shipped this past quarter were run on Alphabet Inc.'s Android operating system, followed by Apple Inc.'s ioS, which captured 26% of the market. Apple's shipments fell by 9% year-over-year, but the launch of a new iPad Pro earlier this year helped to increase average selling prices for iPads, lifting Apple's total share of the market from 25% last year. Samsung Electronics Co.'s share decreased to 15.6% from 18.2% a year ago, as its shipments plunged 25% during the quarter. Lenovo, Huawei and Amazon.com Inc. rounded out the top fi

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

Answer: positive

Explanation: The actual 21-day forward return for EEM starting 2016-08-02 was +1.81%, which classifies as 'positive'.


DBB over past 60 days: cumulative return +4.5%, annualized vol 16.1%. Market regime: sideways.

Question:
Asset: DBB
Historical prices (past 60 trading days): start=14.97, end=15.65, cumulative_return=+4.5%, annualized_volatility=16.1%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 247.284, 'unemployment': 4.2, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.71, 't10y3m_spread': 1.13, 'breakeven_10y': 1.86, 'hy_oas': 3.55, 'ig_oas': 1.03, 'ted_spread': 0.23, 'mortgage_30y': 3.94, 'vix': 9.729999542236328}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for DBB starting 2017-11-07 was -4.21%, which classifies as 'negative'.


SOL-USD over past 60 days: cumulative return +26.4%, annualized vol 84.3%. Market regime: sideways.

Question:
Asset: SOL-USD
Historical prices (past 60 trading days): start=161.68, end=204.32, cumulative_return=+26.4%, annualized_volatility=84.3%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 278.919, 'unemployment': 4.1, 'gdp_growth_qoq': 21988.737, 't10y2y_spread': 1.01, 't10y3m_spread': 1.46, 'breakeven_10y': 2.54, 'hy_oas': 3.53, 'ig_oas': 1.02, 'ted_spread': 0.11, 'mortgage_30y': 3.1, 'vix': 22.959999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-11-29]

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 2021-11-30 was -12.68%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return -8.9%, annualized vol 41.2%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=322.92, end=294.14, cumulative_return=-8.9%, annualized_volatility=41.2%
Macro context: {'fed_funds_rate': 3.08, 'cpi_yoy': 298.007, 'unemployment': 3.6, 'gdp_growth_qoq': 22278.345, 't10y2y_spread': -0.39, 't10y3m_spread': 0.3, 'breakeven_10y': 2.22, 'hy_oas': 5.09, 'ig_oas': 1.61, 'ted_spread': 0.09, 'mortgage_30y': 6.7, 'vix': 28.549999237060547}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-10-05]

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 2022-10-06 was +0.07%, which classifies as 'flat'.


ETH-USD over past 60 days: cumulative return +91.5%, annualized vol 66.4%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=1541.91, end=2952.06, cumulative_return=+91.5%, annualized_volatility=66.4%
Macro context: {'fed_funds_rate': 0.05, 'cpi_yoy': 268.383, 'unemployment': 5.8, 'gdp_growth_qoq': 21440.929, 't10y2y_spread': 1.49, 't10y3m_spread': 1.64, 'breakeven_10y': 2.41, 'hy_oas': 3.28, 'ig_oas': 0.94, 'ted_spread': 0.17, 'mortgage_30y': 2.98, 'vix': 18.61000061035156}
Market regime: sideways

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 2021-05-03 was -22.95%, which classifies as 'negative'.


XLE over past 60 days: cumulative return +19.3%, annualized vol 27.2%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=20.60, end=24.58, cumulative_return=+19.3%, annualized_volatility=27.2%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 276.55, 'unemployment': 4.5, 'gdp_growth_qoq': 21988.737, 't10y2y_spread': 1.07, 't10y3m_spread': 1.51, 'breakeven_10y': 2.57, 'hy_oas': 3.08, 'ig_oas': 0.89, 'ted_spread': 0.07, 'mortgage_30y': 3.14, 'vix': 16.530000686645508}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-28] ["The Morning After: Android 12L is Google's latest tablet effort Today\u2019s headlines: Google gives Android on tablets another shot with Android 12L, Intel's hybrid 12th-gen chips are a major strike against AMD and iOS 15\u2019s SharePlay is finally here.", "Fleksy raises Series A to expand its keyboard SDK biz after 10x growth Barcelona-based mobile keyboard software maker, Fleksy, has bagged a $1.6 million Series A to cement a pivot to b2b for its white-label SDK for Android and iOS. The AI keyboard maker has been a long time player in the third party smartphone keyboard space, initially developing a productivity-focused keyboard called ThingThing -- before acquiring the assets of better known US-based custom keyboard Fleksy (which had gone into stasis after its dev team got acquired by Pinterest) and making developing Fleksy the full focus. Tech giants like Apple and Google also throw their weight around in peculiar ways.", "Stock market news live updates: Stock futures as investors eye weaker-than-expected Q3 GDP, drop in jobless claims Stock futures rose Thursday morning, with the S&P 500 and Dow looking to resume advances after a pause on Wednesday. Traders looked ahead to more key earnings and economic data reports.", "Apple is the first public partner to join sustainable chip initiative With the Sustainable Semiconductor Technologies and Systems program, Imec wants to help chipmakers reduce their carbon footprint.", "Apple TV+ is coming to Comcast devices The Apple TV app will be available on Comcast devices in the months ahead, including its X1 boxes and XClass TVs.", "Apple's App Privacy Report launches into beta to show you what your apps are up to Apple has now launched a beta version of its \"App Privacy Report,\" a new feature that aims to provide iOS users with details about how often their everyday apps are requesting access to sensitive information, and where that information is being shared. The feature was first introduced at Apple's Worldwide Developer Conference in June, amid other privacy-focused improvements, including tools to block tracking pixels in emails, a private VPN, and more. Apple explained at the time the new report would include details about an app's access to user data and sensors, including the user's location, photos, contacts, and more, as well as a list of domains that the app contacts.", "Affirm founder Max Levchin on American Airlines deal, crypto Yahoo Finance Live chats with Affirm founder and CEO Max Levchin about his new deal with American Airlines and the outlook for crypto.", "Apple to report earnings amid chip shortage and supply crunch Apple will report its Q4 earnings after the bell on Thursday, with analysts looking to the potential impact of the chip shortage.", "Mark Zuckerberg takes thinly veiled shots at Apple for 'stifling innovation' via its platform policies Facebook (aka \"Meta\") CEO Mark Zuckerberg today took several thinly veiled shots at Apple and the overall app ecosystem when d

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

Answer: negative

Explanation: The actual 21-day forward return for XLE starting 2021-10-29 was -2.73%, which classifies as 'negative'.


XLP over past 60 days: cumulative return -0.5%, annualized vol 9.9%. Market regime: sideways.

Question:
Asset: XLP
Historical prices (past 60 trading days): start=62.59, end=62.27, cumulative_return=-0.5%, annualized_volatility=9.9%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 276.55, 'unemployment': 4.5, 'gdp_growth_qoq': 21988.737, 't10y2y_spread': 1.26, 't10y3m_spread': 1.53, 'breakeven_10y': 2.46, 'hy_oas': 3.19, 'ig_oas': 0.9, 'ted_spread': 0.07, 'mortgage_30y': 2.99, 'vix': 19.540000915527344}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-07] November 26th Options Now Available For Analog Devices (ADI) Investors in Analog Devices Inc (Symbol: ADI) saw new options become available today, for the November 26th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ADI options chain for the new November 26th contracts and identified one put and one call contract of particular interest. The put contract at the $165.00 strike price has a current bid of $4.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $165.00, but will also collect the premium, putting the cost basis of the shares at $160.20 (before broker commissions). To an investor already interested in purchasing shares of ADI, that could represent an attractive alternative to paying $168.30/share today. Because the $165.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.91% return on the cash commitment, or 21.22% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Analog Devices Inc, and highlighting in green where the $165.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $170.00 strike price has a current bid of $4.60. If an investor was to purchase shares of ADI stock at the current price level of $168.30/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $170.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 3.74% if the stock gets called away at the November 26th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ADI shares really soar, which is why looking at the trailing twelve month trading history for Analog Devices Inc, as well as studying the business fundamentals becomes important. Below is a chart showing ADI's trailing twelve month trading history, with the $170.00 strike highlighted in red: Considering the fact that the $170.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current

Predict whether the return of XLP 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 XLP starting 2021-10-08 was +3.38%, which classifies as 'positive'.


SCHH over past 60 days: cumulative return +5.0%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: SCHH
Historical prices (past 60 trading days): start=16.06, end=16.87, cumulative_return=+5.0%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.545, 'unemployment': 4.9, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.88, 't10y3m_spread': 1.27, 'breakeven_10y': 1.46, 'hy_oas': 5.72, 'ig_oas': 1.51, 'ted_spread': 0.5, 'mortgage_30y': 3.48, 'vix': 12.859999656677246}
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: flat

Explanation: The actual 21-day forward return for SCHH starting 2016-08-04 was -0.54%, which classifies as 'flat'.


XRP-USD over past 60 days: cumulative return -0.4%, annualized vol 46.1%. Market regime: sideways.

Question:
Asset: XRP-USD
Historical prices (past 60 trading days): start=0.34, end=0.34, cumulative_return=-0.4%, annualized_volatility=46.1%
Macro context: {'fed_funds_rate': 2.33, 'cpi_yoy': 296.349, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.37, 't10y3m_spread': 0.17, 'breakeven_10y': 2.46, 'hy_oas': 4.74, 'ig_oas': 1.46, 'ted_spread': 0.09, 'mortgage_30y': 5.89, 'vix': 26.15999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-09-14]

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

Answer: positive

Explanation: The actual 21-day forward return for XRP-USD starting 2022-09-15 was +51.13%, which classifies as 'positive'.


XLRE over past 60 days: cumulative return -0.9%, annualized vol 12.1%. Market regime: sideways.

Question:
Asset: XLRE
Historical prices (past 60 trading days): start=31.52, end=31.24, cumulative_return=-0.9%, annualized_volatility=12.1%
Macro context: {'fed_funds_rate': 1.55, 'cpi_yoy': 259.127, 'unemployment': 3.6, 'gdp_growth_qoq': 20709.212, 't10y2y_spread': 0.27, 't10y3m_spread': 0.28, 'breakeven_10y': 1.77, 'hy_oas': 3.61, 'ig_oas': 1.03, 'ted_spread': 0.38, 'mortgage_30y': 3.72, 'vix': 14.020000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-01-03] ["Apple Was the Dow\u2019s Best Stock in 2019. What Could Happen Next. If Barron\u2019s gave out a Stock of the Year award, we\u2019d have to hand it directly to Apple.", "CES 2020: Where have the tech companies gone? Big tech companies have gradually moved away from the biggest electronics trade show of the year, but 2020\u2019s keynote lineup and absences show a more dramatic shift From keynote speeches to exhibitor booths, the annual weeklong high-tech bacchanal here will be distinguished as much by automakers and airlines as by chip makers and computer makers.", "Apple's stock slips 0.7% premarket, after rallying 2.3% on Thursday and 3.6% over the past 3 sessions", "Small-cap woes highlight stock market\u2019s dependency on mega-cap names The Russell small cap index lost 0.1% Thursday. The phenomenon shows the market\u2019s eagerness to bet on mega-cap, momentum stocks", "All 30 of the Dow's stocks are trading lower; 3M and Goldman shares are the biggest drags The 254-point selloff in the Dow Jones Industrial Average on Friday was unanimous in morning trading, with shares of consumer and industrial products maker 3M Co. leading all 30 components lower. 3M's stock fell 1.8%, and acted as the biggest drag as the $3.28 price decline shaved about 22 points off the Dow's price. The next biggest subtractor was Goldman Sachs Group Inc.'s stock , which fell $2.48, or 1.1%, to cut 17 points off the Dow's price. Among other higher-priced components, shares of Apple Inc. fell $1.71 to lower the Dow's price by about 12 points and Boeing Co. declined $2.19 to act as a 15-point drag. Weighing on the Dow was concerns over rising tensions in the Middle East after a U.S. drone airstrike that killed one of Iran's top military commanders, a spike in crude oil prices and a worse-than-expected reading on the U.S. manufacturing sector.", "Apple Stock Target Price Boosted by Two Wall Street Firms On Friday analysts at RBC Capital and BofA Securities upped their price targets for Apple shares, in response to the stock\u2019s huge run-up.", "Buy Synaptics Stock to Play Apple\u2019s 2020 iPhone Lineup, Analyst Says Synaptics shares are getting a boost from KeyBanc analyst John Vinh, who lifted his rating on the chip maker to Overweight from Sector Weight, setting a price target of $80.", "Apple's latest iPhone lineup was a hit during the holidays We're not very far into 2020, but Apple is starting the year off with some strong financials. The company's Q1 2020 earnings release just crossed the wire, and the numbers here are significant: Apple reported a total of $91.8 billion in quarterly revenue, setting new all-time quarterly record", "Apple tests UWB switch to keep the iPhone 11 from tracking your location Apple has started testing the location toggle button it promised to iPhone 11 users. Late last year, security researcher Brian Krebs discovered that the iPhone 11 Pro constantly checks for your location even if you disable Location Services. Apple explained that

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 2020-01-06 was +3.22%, which classifies as 'positive'.


ICSH over past 60 days: cumulative return +0.1%, annualized vol 2.0%. Market regime: sideways.

Question:
Asset: ICSH
Historical prices (past 60 trading days): start=38.79, end=38.82, cumulative_return=+0.1%, annualized_volatility=2.0%
Macro context: {'fed_funds_rate': 0.31, 'cpi_yoy': 241.741, 'unemployment': 4.9, 'gdp_growth_qoq': 19304.352, 't10y2y_spread': 0.98, 't10y3m_spread': 1.5, 'breakeven_10y': 1.73, 'hy_oas': 4.91, 'ig_oas': 1.38, 'ted_spread': 0.54, 'mortgage_30y': 3.47, 'vix': 17.059999465942383}
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 2016-11-01 was +0.08%, which classifies as 'flat'.


USO over past 60 days: cumulative return -8.8%, annualized vol 32.8%. Market regime: sideways.

Question:
Asset: USO
Historical prices (past 60 trading days): start=98.72, end=90.00, cumulative_return=-8.8%, annualized_volatility=32.8%
Macro context: {'fed_funds_rate': 2.37, 'cpi_yoy': 255.213, 'unemployment': 3.6, 'gdp_growth_qoq': 20602.275, 't10y2y_spread': 0.2, 't10y3m_spread': -0.16, 'breakeven_10y': 1.64, 'hy_oas': 4.14, 'ig_oas': 1.3, 'ted_spread': 0.22, 'mortgage_30y': 3.82, 'vix': 15.149999618530272}
Market regime: sideways

Predict whether the return of USO 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 USO starting 2019-06-19 was +2.03%, which classifies as 'positive'.


IWM over past 60 days: cumulative return +0.1%, annualized vol 16.5%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=144.24, end=144.45, cumulative_return=+0.1%, annualized_volatility=16.5%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 255.802, 'unemployment': 3.7, 'gdp_growth_qoq': 20843.322, 't10y2y_spread': 0.22, 't10y3m_spread': -0.04, 'breakeven_10y': 1.78, 'hy_oas': 3.89, 'ig_oas': 1.14, 'ted_spread': 0.19, 'mortgage_30y': 3.75, 'vix': 12.15999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-07-26] ["SoftBank launches another tech megafund, backed by Apple, Microsoft Second Vision Fund, with about $108 billion secured, will invest in AI SoftBank Group Corp. said it would start a second technology megafund and has secured $108 billion in commitments from investors including Apple Inc., Japanese banks, Taiwanese investors and Kazakhstan\u2019s sovereign-wealth fund.", "SoftBank Unveils Plans For $108 Billion Vision Fund 2 The Japanese holding company said investors in the new fund include Apple, Microsoft, Foxconn, and others.", "Asian markets pull back as Japan-South Korea trade tensions escalate Japan reportedly will diminish South Korea\u2019s trade status Asian shares were lower Friday as investors continued to watch the brewing trade conflict between China and the U.S., and any signs of what\u2019s in store from central banks.", "Tesla\u2019s key executive departures, in one handy list News that Tesla\u2019s Chief Technology Officer J.B. Straubel is stepping down from that role is just the latest move in a long list The departure of Tesla Inc.\u2019s J.B. Straubel is a song Tesla has heard before \u2014 numerous times.", "Even Intel doesn\u2019t seem to know what\u2019s going to happen with Intel Amid sale of modem-chip business to Apple and a forecast flip-flop, Intel seems to be unsure of path for it, or the chip industry, in second half In the semiconductor industry, \u201cmixed signal\u201d usually refers to chips that combine digital and analog circuitry. When referring to Intel Corp. right now, though, the standard definition of that phrase is more apt.", "Alphabet earnings show Google revenue growth rebounding, stock pops higher Profit and revenue beat expectations amid reported antitrust scrutiny Alphabet Inc. shares jumped 7% in after-hours trading Thursday after the online giant announced better-than-expected financial results.", "Facebook tops Amazon and Google in second-quarter lobbying spending Partisan split means \u2018we see little room for any legislation to actually materialize in the near term,\u2019 analysts say Facebook spent $4.1 million on lobbying Washington in the second quarter, topping the outlays by other so-called FAANG companies and keeping the tech giant on pace for another record year of spending to influence lawmakers and regulators.", "Google Needs to Buy Back Even More Stock Wall Street cheered the latest numbers, but Alphabet\u2019s repurchase program barely exceed its stock-based compensation, which totaled $5.5 billion in the first half of 2019.", "Are you a \u2018zombie eater\u2019? It could be bad for your health Distracted diners who stare at screens tend to eat more calories and choose fattier foods Distracted diners who stare at screens tend to eat more calories and choose fattier foods.", "Intel\u2019s earnings beat gets fairly cold reception from analysts Surprise rise in PC sales overshadowed by new chip rollout pace, AMD challenges Intel Corp. shares slip Friday following a big earnings beat

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

Answer: negative

Explanation: The actual 21-day forward return for IWM starting 2019-07-29 was -7.24%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +45.9%, annualized vol 75.8%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=24.19, end=35.29, cumulative_return=+45.9%, annualized_volatility=75.8%
Macro context: {'fed_funds_rate': 2.37, 'cpi_yoy': 255.213, 'unemployment': 3.6, 'gdp_growth_qoq': 20602.275, 't10y2y_spread': 0.29, 't10y3m_spread': -0.15, 'breakeven_10y': 1.67, 'hy_oas': 4.16, 'ig_oas': 1.3, 'ted_spread': 0.26, 'mortgage_30y': 3.82, 'vix': 14.329999923706056}
Market regime: sideways

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 2019-06-20 was -19.29%, which classifies as 'negative'.


AVAX-USD over past 60 days: cumulative return +422.1%, annualized vol 148.3%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=11.35, end=59.26, cumulative_return=+422.1%, annualized_volatility=148.3%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 273.91, 'unemployment': 4.7, 'gdp_growth_qoq': 21617.828, 't10y2y_spread': 1.12, 't10y3m_spread': 1.3, 'breakeven_10y': 2.4, 'hy_oas': 3.11, 'ig_oas': 0.91, 'ted_spread': 0.07, 'mortgage_30y': 2.88, 'vix': 20.950000762939453}
Market regime: sideways

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 2021-09-13 was +22.69%, which classifies as 'positive'.


ADA-USD over past 60 days: cumulative return -54.6%, annualized vol 108.2%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.33, end=0.15, cumulative_return=-54.6%, annualized_volatility=108.2%
Macro context: {'fed_funds_rate': 1.69, 'cpi_yoy': 250.227, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.53, 't10y3m_spread': 1.11, 'breakeven_10y': 2.08, 'hy_oas': 3.59, 'ig_oas': 1.14, 'ted_spread': 0.64, 'mortgage_30y': 4.4, 'vix': 18.940000534057617}
Market regime: sideways

Predict whether the return of ADA-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 ADA-USD starting 2018-04-06 was +99.71%, which classifies as 'positive'.


XLE over past 60 days: cumulative return -16.7%, annualized vol 27.9%. Market regime: sideways.

Question:
Asset: XLE
Historical prices (past 60 trading days): start=22.28, end=18.55, cumulative_return=-16.7%, annualized_volatility=27.9%
Macro context: {'fed_funds_rate': 0.36, 'cpi_yoy': 237.652, 'unemployment': 4.8, 'gdp_growth_qoq': 19001.69, 't10y2y_spread': 1.19, 't10y3m_spread': 1.93, 'breakeven_10y': 1.48, 'hy_oas': 7.23, 'ig_oas': 1.77, 'ted_spread': 0.42, 'mortgage_30y': 3.97, 'vix': 27.01000022888184}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-01-08] ["Apple has dumped $100B in market value in past month iPhone maker dips below $100 a share for first time in 15 months Apple Inc.shares fell below $100 for the first time in 15 months, gripped by Thursday\u2019s sharp market declines and signs of slowing growth in the two pillars of the company\u2019s recent success: the iPhone and China.", "Samsung Profit Misses On Smartphone Slowdown, Stronger Won Samsung Electronics (005930.Korea/SSNLF) missed street expectations in the fourth-quarter.Operating profit rose 15% to 6.1 trillion won ($5 billion), less than the 6.64 trillion expected by the street.Both the semiconductor and the mobile businesses disappointed. Morgan Stanley's Shawn Kim wrote:READ MORE.", "Cirrus Logic Resurgent With IPhone Opportunity The chip supplier could see shares reach $40 after a reset in expectations and upbeat takeaways from CES.", "Who Are The Biggest Losers From China\u2019s Financial Circus? Financial markets are calmer and bounced back a bit after China scrambled to rescue the slide of its stock markets.Here are Beijing's kitchen-sink measures: 1. The People's Bank of Chinaguided its yuan fix rate higher this morning; 2. The securities regulator China Securities Regulatory Commissionsuspended the much criticized new circuit breaker; 3. The CSRC said major shareholders are not allowed to sell more than 1% of total shares in the next three months as a massive lock-up expires today; 4. The PBoC injected 190 billion yuan into the banking system to avoid liquidity crunch. Phew.Earlier this week, Goldman Sachs said historically, China's yuan devaluation impacts oil prices the most, followed by Turkey, Poland and South Africa. The offshore yuan fell as much as 1.8% in 4 days this week.This blog is curious to find out which countries have been affected the most and if Goldman was right.READ MORE.", "Samsung warns of tough 2016 as phone market cools Samsung Electronics Co.'s fourth-quarter earnings estimates for last year reflected a mild recovery, but remarks from top executives show that the company is weighing new approaches as growth in the global smartphone market continues to slow and the upswing in semiconductor prices cools.", "What investors should (and shouldn\u2019t) do in a rout How investors should handle recent drops in the stock market.", "Apple supplier Cirrus falls 3% premarket after guidance cut Shares in Cirrus Logic Inc. dropped 3% in premarket action Friday after the chip company reduced its revenue outlook for its quarter ended Dec. 26. The Apple Inc. supplier cited softer-than-expected demand for \"certain portable audio products.\" The weakness \"escalated over the last few weeks of December and is expected to continue to significantly impact our revenue in the March quarter,\" said Cirrus CEO Jason Rhode in a news release late Thursday. He said the company still expects its results for the 2016 fiscal year will \"reflect meaningful year-over-year revenue growth\" and anticipates \"strong growth\" for

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

Answer: negative

Explanation: The actual 21-day forward return for XLE starting 2016-01-11 was -1.39%, which classifies as 'negative'.


USMV over past 60 days: cumulative return +1.5%, annualized vol 10.2%. Market regime: sideways.

Question:
Asset: USMV
Historical prices (past 60 trading days): start=33.55, end=34.05, cumulative_return=+1.5%, annualized_volatility=10.2%
Macro context: {'fed_funds_rate': 0.13, 'cpi_yoy': 238.034, 'unemployment': 5.2, 'gdp_growth_qoq': 18857.418, 't10y2y_spread': 1.6623999999999977, 't10y3m_spread': 2.2947999999999955, 'breakeven_10y': 1.86, 'hy_oas': 4.93, 'ig_oas': 1.48, 'ted_spread': 0.27, 'mortgage_30y': 4.04, 'vix': 13.899999618530272}
Market regime: sideways
Recent filing/news:
[Kaggle 2015-07-13] ["Apple, HP Are Bucking a PC Slowdown Apple may be benefitting from Windows 10 uncertainty. HP has significant potential for upside.", "Earnings season distracts from \u2018grotesque\u2019 market bubbles Critical intelligence before the U.S. market opens While hand-wringing over China and Greece isn\u2019t going away anytime soon, earnings season offers a welcome distraction from the global circus that has long dominated the headlines.", "BlackBerry hires Cisco executive as sales head BlackBerry Ltd. tapped Cisco Systems Inc. executive Carl Wiese to serve as head of sales. The move, announced Monday morning, comes as BlackBerry continues to position itself more as a software company than hardware amid weak smartphone sales and strong competition from industry leaders Apple Inc. and Samsung Electronics [kr: 005930]. Wiese, who most recently served as senior vice president directing sales at Cisco, replaces John Sims, who has left the company. Shares of BlackBerry were up 0.9% to $7.76 in premarket trade, though they have fallen 20% over the last three months, compared with a 0.8% decline for the broader S&P 500. Last month, BlackBerry reported a 153% year-over-year increase in software and technology licensing revenue but a further deceleration in hardware sales.", "Analyst reiterates Apple's buy rating, downplays China impact Shares of Apple Inc. rose on Monday after an analyst at Cantor Fitzgerald reiterated his buy rating on the stock. \"Although we believe further weakness in China's stock market could take away some of the 'bling' purchases of iPhones, we do not believe this will change the positive momentum for Apple,\" said Brian White in a note. He projected further growth in China for Apple with 15% to 20% of Chinese subscribers likely to be candidates for high-end phones in the next five years. The analyst also said Apple is in the midst of a \"transformational super cycle\" but its prospects are as bright as ever. Apple shares gained 1.2% to $124.69, up for a second session in a row. The stock fell 2.5% last week, its worst weekly decline since middle of January. White's 12-month price target for Apple is $195.", "S&P, Nasdaq reclaim the breakdown point Focus: Consumer Discretionary, XLY, AAPL, SIGM, UA, TRIP, MGNX U.S. stocks are firmly higher to start Monday, rising after Greece and its creditors reached a bailout agreement. Against this backdrop, the S&P 500 has reclaimed its 2,080 breakdown point, and a close at current levels would place the index on firmer technical ground.", "Has the cable-cutting revolution finally arrived? Comcast will offer a broadcast TV streaming service for $15 a month Comcast will offer a broadcast TV streaming service for $15 a month.", "Fitbit dominance not threatened by Apple and Jawbone Fitbit has estimated 85% share of U.S. fitness tracker market Fitbit was initiated at ratings equivalent to buy at a handful of Wall Street brokerages on Monday thanks to its dominant share of fitness tracker market.",

Predict whether the return of USMV 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 USMV starting 2015-07-14 was +1.49%, which classifies as 'positive'.


XLV over past 60 days: cumulative return -3.2%, annualized vol 18.9%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=73.42, end=71.05, cumulative_return=-3.2%, annualized_volatility=18.9%
Macro context: {'fed_funds_rate': 1.67, 'cpi_yoy': 250.227, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.47, 't10y3m_spread': 1.01, 'breakeven_10y': 2.05, 'hy_oas': 3.72, 'ig_oas': 1.17, 'ted_spread': 0.61, 'mortgage_30y': 4.44, 'vix': 19.96999931335449}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-03-29] ["Can the stock market stand up to the tech wreck? Bull market loses its leader The key question for investors is whether a sharp selloff in tech shares puts the broader bull market in danger.", "How to know when to buy, sell or hold popular tech stocks today Amid increasing volatility, investors need to understand position size, time horizon and diversification Amid increasing volatility, investors need to understand position size, time horizon and diversification.", "Smart Home Devices: These Categories Are Growing the Fastest As new categories emerge, smart speakers are still expected to grow quickly.", "Spotify initiated at outperform by RBC ahead of trading debut RBC Capital Markets analyst Mark Mahaney initiated shares of Spotify Technology with an outperform rating and $220 price target, ahead of the stock's expected public debut in early April. Mahaney's target price represents \"70%+ upside vs. recent private transaction price of $127.50,\" he wrote. He likes the large total addressable market for music-streaming services and Spotify's leading position in the market. The Consumer Technology Association believes consumers will spend $6.6 billion on music streaming services in 2018. Spotify has nearly twice as many paid subscribers as Apple Inc.'s Apple Music does. \"Very high global aided brand awareness, relatively high customer satisfaction scores, and superior data-driven personalization all combine to help Spotify maintain its leadership position,\" Mahaney wrote. As for Spotify's financials, he believes gross margin can expand from 21% in 2017 to upwards of 30% by 2022. He also points to declining churn rates.", "Will a robot care for you in your old age? The great potential\u2014and challenges\u2014 of artificial intelligence for an aging population Realizing AI\u2019s possibilities will require businesses to make it less expensive and for health care providers to embrace it.", "Nearly a billion smart home devices will ship in 2022, says IDC Market research firm IDC said Thursday that it expected shipments of smart home devices to grow at an 18.5% annual clip over the next five years, ultimately reaching 940 million devices shipped by 2022. Shipments of smart speakers will grow even faster over that period, IDC said, at a 32% annual rate. \"While it's still early days for the smart home market - and the wider consumer IoT ecosystem in general - we expect to see considerable growth over the next few years, especially as consumers become more aware of and increasingly interact with smart assistant platforms like Amazon's Alexa and [Alphabet Inc.'s ] Google Assistant,\" IDC senior research analyst Adam Wright said in a release. Amazon's Echo family of speakers is thought to be the market leader. Apple Inc. recently came out with its $349 HomePod speaker and will look to capture share of the market. Apple shares are up 18% over the past 12 months, while the Dow Jones Industrial Average has gained 17%.", "Apple\u2019s Cook Has Pointed Ad

Predict whether the return of XLV 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 XLV starting 2018-04-02 was +3.36%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +9.0%, annualized vol 55.0%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=7023.52, end=7653.98, cumulative_return=+9.0%, annualized_volatility=55.0%
Macro context: {'fed_funds_rate': 1.7, 'cpi_yoy': 251.018, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.45, 't10y3m_spread': 1.02, 'breakeven_10y': 2.14, 'hy_oas': 3.44, 'ig_oas': 1.21, 'ted_spread': 0.41, 'mortgage_30y': 4.56, 'vix': 11.640000343322754}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for BTC-USD starting 2018-06-07 was -23.11%, which classifies as 'negative'.


EEM over past 60 days: cumulative return +4.7%, annualized vol 13.0%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=36.60, end=38.30, cumulative_return=+4.7%, annualized_volatility=13.0%
Macro context: {'fed_funds_rate': 1.42, 'cpi_yoy': 247.805, 'unemployment': 4.1, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.55, 't10y3m_spread': 1.01, 'breakeven_10y': 1.89, 'hy_oas': 3.64, 'ig_oas': 1.0, 'ted_spread': 0.27, 'mortgage_30y': 3.93, 'vix': 9.729999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-12-18] ["AMD stock jumps after Macquarie upgrade Shares of Advanced Micro Devices rose 4.7% in Monday morning trading after analysts at Macquarie Research upgraded the stock to neutral from underperform. While the analysts, led by Srini Pajjuri, see \"headwinds\" in the cryptocurrency market and predict only moderate share gains in both PCs and graphics processing units (GPUs), they're more upbeat about other aspects of the business, including the opportunity for growth in average selling prices [ASP] and a recent partnership with Intel Corp. . The firm predicts \"further ASP tailwinds in GPUs driven by Apple iMac Pro win and the recent Intel partnership (for gaming notebooks).\" The analysts also see potential for AMD's server business, thanks to \"encouraging\" arrangements with Microsoft Inc. , Baidu Inc. , and Hewlett Packard Enterprise Co. , though they caution that share gains will take time. They raised their price target on shares to $11, from $10. AMD shares have fallen 5.8% so far in 2017, compared with a 20% gain for the S&P 500 Index and a 40% rise for the Philadelphia Semiconductor Index .", "Nasdaq breaks above 7,000 for the first time The Nasdaq Composite Index rallied to a record on Monday, breaking above the 7,000 level for the first time in its history. The index rose 0.9%, or 63 points, to hit an intraday record of 7,000.96. Among the biggest boosts to the index was Apple Inc. , the largest U.S. stock by market capitalization, which rose 1.4%. Alphabet Inc. , the parent company of Google, rose 1% on the day while Amazon.com Inc. was up 0.9%. The gains came on growing confidence congressional Republicans will succeed in getting a major tax bill passed this week. The Dow Jones Industrial Average rose 0.7% to 24,835 while the S&P 500 was up 0.7% at 2,693. Thus far this year, the Nasdaq is up 30%, boosted in large part by the outperformance of large-cap technology and internet stocks. According to Dow Jones data, it took the index 165 days to cross the milestone after hitting 6,000 for the first time. This is the third-fastest period that the Nasdaq has crossed a 1,000-point milestone in its history.", "Apple: Survey Says \u2018Very Strong Demand\u2019 for iPhone X in China, Says RBC The Chinese are pretty wild about Apple's iPhone X, despite prices of $999 or $1,149, depending on memory capacity, according to a survey conducted by RBC Capital's Amit Daryanani.", "How Audio Habits Differ by Age, in One Chart People between 18 and 29 reported giving traditional AM/FM radio just 24% of their listening time.", "AMD stock surges after analyst cheers server opportunities, mix shift The crypto business may present \u2018headwinds\u2019 in 2018, but other segments look promising AMD shares rallied Monday after an analyst upgraded shares to neutral.", "Stocks close at records in broad tax-driven rally; Dow posts 70th record close of 2017 Dow posts highest number of record closes in a year ever U.S. stocks closed higher on Monday, with major index

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

Answer: positive

Explanation: The actual 21-day forward return for EEM starting 2017-12-19 was +10.25%, which classifies as 'positive'.


FXI over past 60 days: cumulative return +2.6%, annualized vol 18.7%. Market regime: sideways.

Question:
Asset: FXI
Historical prices (past 60 trading days): start=36.16, end=37.11, cumulative_return=+2.6%, annualized_volatility=18.7%
Macro context: {'fed_funds_rate': 1.41, 'cpi_yoy': 247.805, 'unemployment': 4.1, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.51, 't10y3m_spread': 1.04, 'breakeven_10y': 1.88, 'hy_oas': 3.64, 'ig_oas': 1.0, 'ted_spread': 0.32, 'mortgage_30y': 3.93, 'vix': 9.729999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-12-15] ["5 Stocks To Watch For December 15, 2017", "A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street", "5 Biggest Price Target Changes For Friday", "Mid-Morning Market Update: Markets Open Higher; Adobe Earnings Top Expectations", "6 Technical Levels To Watch From Friday. Morning's PreMarket Prep:", "Mid-Day Market Update: ShiftPixy Gains Following Q4 Results; Verastem Shares Plummet", "Mid-Afternoon Market Update: Dow Surges Over 150 Points; Longfin Shares Spike Higher", "Analysts React To Adobe's $2B Fourth Quarter", "Analysts React To Adobe's $2B Fourth Quarter", "Mid-Afternoon Market Update: Dow Surges Over 150 Points; Longfin Shares Spike Higher", "Mid-Day Market Update: ShiftPixy Gains Following Q4 Results; Verastem Shares Plummet", "6 Technical Levels To Watch From Friday. Morning's PreMarket Prep:", "Mid-Morning Market Update: Markets Open Higher; Adobe Earnings Top Expectations", "5 Biggest Price Target Changes For Friday", "A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street", "5 Stocks To Watch For December 15, 2017", "Mid-Day Market Update: ShiftPixy Gains Following Q4 Results; Verastem Shares Plummet Midway through trading Friday, the Dow traded up 0.58 percent to 24,649.56 while the NASDAQ climbed 0.55 percent to 6,894.42. The S&P also rose, gaining 0.72 percent to 2,671.12. Leading and Lagging Sectors On Friday, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Wins Finance Holdings Inc (NASDAQ: WINS ) and Navient Corp (NASDAQ: NAVI ). In trading on Friday, consumer discretionary shares rose by just 0.2 percent. Top Headline Adobe Systems Incorporated (NASDAQ: ADBE ) posted stronger-than-expected profit for its fourth quarter on Thursday. Adobe reported Q4 adjusted earnings of $1.26 per share on revenue of $2.01 billion. Analysts expected earnings of $1.16 per share on revenue of $1.95 billion. Adobe expects Q1 adjusted earnings of $1.27 per share on revenue of $2.04 billion. Equities Trading UP ShiftPixy Inc (NASDAQ: PIXY ) shares shot up 99 percent to $4.31 following Q4 earnings report. ShiftPixy reported sales of $20.244 million in the fourth quarter, up from $8.46 million year-over-year. The company sees first quarter gross billings of $40 million. Shares of Longfin Corp (NASDAQ: LFIN ) got a boost, shooting up 96 percent to $10.56 after the company announced agreement to acquire Ziddu.com. Crocs, Inc. (NASDAQ: CROX ) shares were also up, gaining 12 percent to $12.25. Stifel Nicolaus upgraded Crocs from Hold to Buy. Equities Trading DOWN Verastem Inc (NASDAQ: VSTM ) shares dropped 13 percent to $3.19. Verastem priced its $25 million common stock offering. Shares of Rosetta Genomics Ltd. ( USA ) (NASDAQ: ROSG ) were down 16 percent to $0.53 after the company agreed to be acquired by Genoptix for $10 million. TrovaGene Inc (NASDAQ: TROV ) was down, falling around 42 percent to $0.25. Trovagene priced its 15 million share co

Predict whether the return of FXI 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 FXI starting 2017-12-18 was +13.28%, which classifies as 'positive'.


XLV over past 60 days: cumulative return +10.8%, annualized vol 11.9%. Market regime: sideways.

Question:
Asset: XLV
Historical prices (past 60 trading days): start=80.21, end=88.90, cumulative_return=+10.8%, annualized_volatility=11.9%
Macro context: {'fed_funds_rate': 1.55, 'cpi_yoy': 257.879, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.15, 't10y3m_spread': 0.15, 'breakeven_10y': 1.62, 'hy_oas': 4.08, 'ig_oas': 1.12, 'ted_spread': 0.34, 'mortgage_30y': 3.66, 'vix': 11.869999885559082}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-11-25] ["Noteworthy ETF Outflows: TQQQ, CMCSA, CSCO, ADBE Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $92.8 million dollar outflow -- that's a 2.5% decrease week over week (from 49,850,000 to 48,600,000). Among the largest underlying components of TQQQ, in trading today Comcast Corp (Symbol: CMCSA) is off about 1.9%, Cisco Systems Inc (Symbol: CSCO) is up about 1%, and Adobe Inc (Symbol: ADBE) is higher by about 1.1%. For a complete list of holdings, visit the TQQQ Holdings page \u00bb The chart below shows the one year price performance of TQQQ, versus its 200 day moving average: Looking at the chart above, TQQQ's low point in its 52 week range is $30.32 per share, with $76.47 as the 52 week high point \u2014 that compares with a last trade of $76.36. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average \u00bb. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Why Adobe's Revenue Growth Rate Looks Poised To Increase In 2020 Adobe\u00c2 (NASDAQ: ADBE)\u00c2 makes money by selling software for creative content and marketing purposes with a focus on user experience. The company\u00e2\u0080\u0099s products are offered as subscription-based service and through licenses.\u00c2 Adobe competes with Apple, Autodesk, Avid, Corel, Microsoft, Affinity, Quark in its Digital Media offerings, and Google, IBM, Oracle, salesforce.com, SAP, SAS, Teradata, Shopify in its Digital Experience segment. Adobe\u2019s strong results for the third quarter highlight the resilience of its revenue streams despite an uncertain macro-environment.\u00c2 We highlight trends in Adobe\u2019s Revenues over the years along with our forecast for 2019 and 2020 in an interactive dashboard. We believe that the company\u2019s\u00c2 2 core operating segments \u2013 Digital Media as well as Digital Experience \u2013 have significant growth prospects, which will help revenues

Predict whether the return of XLV 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 XLV starting 2019-11-26 was +4.06%, which classifies as 'positive'.


QQQ over past 60 days: cumulative return +9.9%, annualized vol 6.6%. Market regime: sideways.

Question:
Asset: QQQ
Historical prices (past 60 trading days): start=112.80, end=123.99, cumulative_return=+9.9%, annualized_volatility=6.6%
Macro context: {'fed_funds_rate': 0.91, 'cpi_yoy': 243.892, 'unemployment': 4.4, 'gdp_growth_qoq': 19398.343, 't10y2y_spread': 1.18, 't10y3m_spread': 1.8, 'breakeven_10y': 2.02, 'hy_oas': 3.88, 'ig_oas': 1.22, 'ted_spread': 0.43, 'mortgage_30y': 4.3, 'vix': 11.210000038146973}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-03-16] ["Q1 2017 Real-Time Call Brief", "Earnings Scheduled For March 16, 2017", "10 Stocks To Watch For March 16, 2017", "Adobe Reports Q1 Adj. EPS $0.94 vs $0.87 Est., Sales $1.68B vs $1.65B Est.", "Adobe Surges After Record Beat", "From Adobe Q1 Earnings Conference Call: Sees Q2 Sales ~$1.73B vs $1.72B Est., Adj. EPS ~$0.94 vs $0.91 Est.", "From Adobe Q1 Earnings Conference Call: Sees Q2 Sales ~$1.73B vs $1.72B Est., Adj. EPS ~$0.94 vs $0.91 Est.", "Adobe Surges After Record Beat", "Adobe Reports Q4 Adj. EPS $0.94 vs $0.87 Est., Sales $1.68B vs $1.65B Est.", "10 Stocks To Watch For March 16, 2017", "Earnings Scheduled For March 16, 2017", "Adobe Systems Incorporated (ADBE) Stock Soars on Earnings Beat InvestorPlace - Stock Market News, Stock Advice & Trading Tips I argued coming into Adobe Systems Incorporated (NASDAQ: ADBE ) earnings that there was no reason to bet against Adobe stock . Adobe earnings had come in ahead of consensus for four straight quarters. Adobe stock had quadrupled in less than five years. As the old saw goes, \"The trend is your friend.\" Clearly, that trend was in favor of ADBE. Source: Shutterstock For a fifth straight quarter, Adobe earnings came in ahead of analyst estimates. Non-GAAP earnings of 94 cents per share beat the Street by seven cents. Nearly 22% revenue growth was two points ahead of consensus. ADBE stock is up roughly 4% in after-hours trading, after yet another quarter that seems to support the long-term bull case for Adobe stock. Adobe Earnings: The Fifth Straight Beat Adobe's fiscal first-quarter earnings were even more impressive than past beats. On average, Adobe earnings had come in about 4% above consensus the past few quarters; in Q1 FY17, Adobe beat by a solid 8%. 7 Dividend Stocks With Yields That Grow Like Weeds Beyond the numbers, the news was good - and broad-based. Digital Media Annualized Recurring Revenue (ARR), a key measure of the company's success in \"cloud,\" hit $4.25 billion, up nearly 7% simply in the first three months. Marketing Cloud revenue of $477 million was up over 26% year-over-year, actually accelerating from prior-year growth of 21%. Non-GAAP operating income increased 42%, and non-GAAP net income rose 40%. As CFO Mark Garrett pointed out in the Q1 release, \"Adobe achieved record revenue, profit and cash flow\" in the quarter. All told, the Adobe earnings report was a blowout by any measure. What Earnings Mean for Adobe Stock Heading into the quarter, it seemed likely that ARR, in particular, would be a focus of investors. That figure is moving to a larger and larger share of overall revenue: now about 70% on a trailing twelve-month basis. The ability to continue torrid growth even on a base that size - and without simply taking revenue away from legacy product sales, like Microsoft Corporation (NASDAQ: MSFT ) does with Office - seems likely to support Adobe stock in trading on Friday. The second area of focus is in the Marketing Cloud business. Adobe obviously has little comp

Predict whether the return of QQQ 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 QQQ starting 2017-03-17 was -0.16%, which classifies as 'flat'.


EWJ over past 60 days: cumulative return +6.6%, annualized vol 15.8%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=38.26, end=40.77, cumulative_return=+6.6%, annualized_volatility=15.8%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 240.545, 'unemployment': 4.9, 'gdp_growth_qoq': 19197.938, 't10y2y_spread': 0.79, 't10y3m_spread': 1.26, 'breakeven_10y': 1.47, 'hy_oas': 5.18, 'ig_oas': 1.41, 'ted_spread': 0.54, 'mortgage_30y': 3.43, 'vix': 12.270000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-08-22] ["Recent deaths reopen scrutiny of Foxconn working conditions Precarious existence for Chinese factory workers \u201cWhy is it always the entry-level workers who jump?\u201d asked one Foxconn employee.", "Viacom\u2019s MTV and Comedy Central Can Come Back Apple and Converse were once left for dead by pop culture before reviving. Viacom\u2019s key brands can too.", "Apple and augmented reality: Where we\u2019re going, we won\u2019t need iPhones iPhone could just be bridge to future where virtual and augmented reality are a $162 billion market Apple Inc.\u2019s iPhone might be just a bridge to a world in which we no longer need a screen.", "Garmin: Raymond James Cuts to Hold as Improving Thesis \u2018Largely Played Out\u2019 Shares of navigational technology and wearables maker Garmin (GRMN) are down $1.17, or 2%, at $53.21, after Raymond James\u2019s Tavis McCourt this morning cut his rating on the stock to Markert Perform from Outperform, warning that the balance of risk and of reward in the shares is \"more muted following 47% appreciation YTD and a 19% move since the company\u2019s strong 2Q16 results.\"His thesis on the stock has \u201cplayed out,\u201d he writes:We upgraded Garmin in 2015 following a series of EPS disappointments driven by the euro decline and market share issues in its wearables business. Our thought process was that currency would normalize y/y in early 2016 and forthcoming product launches incorporating embedded heart rate monitors across its wearables product line would drive renewed growth.And the move in the stock\u2019s valuation from \"~9x ex-cash P/E to about ~16x ex-cash P/E\u201d means the shares are near \u201clevels that have generally coincided with more muted performance.\"McCourt doesn\u2019t expect much competition from Apple (AAPL) and Fitbit (FIT), but he is also wary of holding shares while both come out with new offerings:", "Apple Still Holds Vast Majority of Smartphone Profit, If a Bit Less, Says Canaccord Mike Walkley with Canaccord Genuity today reiterates a Buy rating on shares of Apple (AAPL), and a $120 price target, writing that the company still garners the lion\u2019s share of smartphone industry profit with the iPhone, but that Samsung Electronics (005930KS) put a big dent in that with stepped-up promotions of its \u201cGalaxy\u201d line of devices.Apple went from 90% of smartphone profit in Q1 of this year to just 75%, estimates Walkley, as both asian competitors such as OPPO and Samsung stepped up their offerings last quarter:While Apple continues to capture strong share of the premium tier smartphone segment, its industry profits and market share have declined the past several quarters as the iPhone 6 and 6S cycles near the end of their 2-year run. Android OEMs have taken advantage of Apple\u2019s aging products with improved results for several OEMs including Chinese OEMs and Samsung [\u2026] Apple continues to dominate industry operating profits and captured 75% of Q2/ C2016 handset indust

Predict whether the return of EWJ 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 EWJ starting 2016-08-23 was +3.55%, which classifies as 'positive'.


EMB over past 60 days: cumulative return -2.2%, annualized vol 5.4%. Market regime: sideways.

Question:
Asset: EMB
Historical prices (past 60 trading days): start=73.39, end=71.81, cumulative_return=-2.2%, annualized_volatility=5.4%
Macro context: {'fed_funds_rate': 2.2, 'cpi_yoy': 252.594, 'unemployment': 3.8, 'gdp_growth_qoq': 20304.874, 't10y2y_spread': 0.27, 't10y3m_spread': 0.67, 'breakeven_10y': 1.97, 'hy_oas': 4.33, 'ig_oas': 1.39, 'ted_spread': 0.31, 'mortgage_30y': 4.94, 'vix': 22.479999542236328}
Market regime: sideways

Predict whether the return of EMB 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 EMB starting 2018-11-21 was +1.68%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +29.5%, annualized vol 87.9%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=22.24, end=28.80, cumulative_return=+29.5%, annualized_volatility=87.9%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.319, 'unemployment': 6.9, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.67, 't10y3m_spread': 0.71, 'breakeven_10y': 1.72, 'hy_oas': 4.9, 'ig_oas': 1.32, 'ted_spread': 0.12, 'mortgage_30y': 2.81, 'vix': 29.350000381469727}
Market regime: sideways

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 2020-10-21 was -6.10%, which classifies as 'negative'.


IWM over past 60 days: cumulative return +5.9%, annualized vol 22.1%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=132.16, end=139.98, cumulative_return=+5.9%, annualized_volatility=22.1%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 259.997, 'unemployment': 7.8, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.54, 't10y3m_spread': 0.56, 'breakeven_10y': 1.69, 'hy_oas': 5.16, 'ig_oas': 1.37, 'ted_spread': 0.13, 'mortgage_30y': 2.86, 'vix': 29.709999084472656}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-09-10] ["$718 mln options unwind signals more caution on tech stocks By April Joyner NEW YORK, Sept 10 (Reuters) - A large options player unwound bets on several technology-related companies on Thursday, offering another sign of the market's recently diminished appetite for shares in the sector. The unidentified investor took off around $718 million of notional value in bullish options spreads known as risk reversals in Facebook Inc FB.O, Netflix Inc NFLX.O and Adobe Inc ADBE.O, according to a Reuters analysis based on data from Susquehanna Financial Group. The investor partially closed a similar position in Saleforce.com Inc CRM.N on Tuesday. The trades were structured differently than positions widely attributed to SoftBank Group Corp 9984.T, whose big bets on equity derivatives tied to tech firms came to light last week. Thursday's unwinds were partial, and the positions still have a notional value of around $1.66 billion, the analysis showed. Still, investors following large institutional trades in tech-related names may view the moves as a bearish signal, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. \"Investors have been watching this big bullish flurry of trades that happened earlier in August, looking for signs of it beginning to be closed,\" he said. \"It could have a negative impact on sentiment.\" Robust options activity from institutions like SoftBank and hordes of retail investors is widely believed to have contributed to last month's big run-up in stocks, as well as a recent sell-off that the Nasdaq confirmed on Tuesday was a correction, commonly defined as a decline of 10% or more from an index's high. U.S. stocks closed lower after a choppy session on Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session. Overall, demand for protective put options has risen among tech-related names. But frothiness still remains in call options, which are used to position for upside in stocks, for certain companies such as Apple Inc AAPL.O and Tesla Inc TSLA.O, said Arnim Holzer, macro and correlation defense strategist at EAB Investment Group. Skew, a measure that gauges demand for puts in relation to calls, on Tesla options turned negative once again on Thursday, according to data from Trade Alert, reflecting surging demand for calls. \"There is a fair amount of call skew in some of those names,\" Holzer said. \"That gives us a sense that there can still be some downward pressure, relative to the S&P, in those very large-cap tech names.\" Most of the trades attributed to SoftBank, which are seen as bullish positions on tech-related names, remain in place. Some have been moved to higher strike prices in an apparent bet on a further rise in the underlying shares. SoftBank declined to comment. The trades attributed to SoftBank are call spreads - a combination of a put purchase and a put sale - several of which expire in November. By contrast, the bullish r

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 2020-09-11 was +10.23%, which classifies as 'positive'.


XLY over past 60 days: cumulative return +5.2%, annualized vol 14.5%. Market regime: sideways.

Question:
Asset: XLY
Historical prices (past 60 trading days): start=88.57, end=93.14, cumulative_return=+5.2%, annualized_volatility=14.5%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 276.55, 'unemployment': 4.5, 'gdp_growth_qoq': 21988.737, 't10y2y_spread': 1.23, 't10y3m_spread': 1.62, 'breakeven_10y': 2.64, 'hy_oas': 3.03, 'ig_oas': 0.89, 'ted_spread': 0.07, 'mortgage_30y': 3.09, 'vix': 15.010000228881836}
Market regime: sideways
Recent filing/news:
[Kaggle 2021-10-21] ["Customer engagement platform Batch raises $23 million after years of bootstrapping If you\u2019ve been working in the French tech ecosystem, you may remember a startup called AppGratis. From the team that brought you AppGratis, Batch is a customer engagement platform that has been operating under the radar for many years. It\u2019s a customer engagement platform that competes with Braze as well as big enterprise solutions from Salesforce, Adobe, Oracle, IBM and Microsoft.", "Apple will require unvaccinated employees to test for COVID-19 daily Apple will require all unvaccinated corporate employees to be tested for COVID-19 every time they have to work in the office.", "The Morning After: Will Facebook change its name? Today\u2019s headlines: Some Windows 11 users can start testing Android apps, Netflix CEO says he 'screwed up' on Dave Chappelle as employees walk out, \u2018Cyberpunk 2077' PS5 and Xbox Series X/S upgrades delayed until 2022.", "Apple will require unvaccinated employees to test for COVID-19 daily Apple has yet to issue a mandate similar to Google's that would require all employees to be vaccinated, but it's tightening its COVID-19 protocols nonetheless. According to Bloomberg, the tech giant will start requiring all unvaccinated corporate employees to be tested for COVID-19 every time they have to work in the office instead of working from home. Back in September, Bloomberg reported that Apple asked employees to share their vaccination status voluntarily.", "Apple's AirTags are 10 percent off at Woot today Apple's AirTags are down to $26 each when you buy them from Woot today only.", "Meet the 2021 Women in Technology Hall of Fame Inductees Female Executives and Leaders to be Honored for Their Impact and Achievements Featured Image for WITI - Women in Technology International Featured Image for WITI - Women in Technology International LOS ANGELES, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Women in Technology International (WITI), the leading organization for the advancement and inclusion of women in business and technology, today announced its eight inductees into the 2021 Women in Technology Hall of Fame. The honorees will be inducted dur", "Product Marketing Alliance: From $0 to $1M+ ARR in 12 months: product marketing is the world's fastest-growing job role The role of product marketing is on the rise. It's no longer seen as a nice-to-have, it's a company commodity for forward-thinking, fast-growing, market-dominating organizations worldwide.", "Google lowers Play Store fees to 15% on subscription apps, as low as 10% for media apps Google is lowering commissions on all subscription-based businesses on the Google Play Store, the company announced today. Previously, the company had followed Apple's move by reducing commissions from 30% to 15% on the first $1 million of developer earnings. Instead of charging them 30% in the first year, which lowers to 15% in year two and beyond, Google says developers will only be charged 15% from day o

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

Answer: positive

Explanation: The actual 21-day forward return for XLY starting 2021-10-22 was +9.41%, which classifies as 'positive'.


ACWI over past 60 days: cumulative return +5.4%, annualized vol 18.6%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=73.41, end=77.40, cumulative_return=+5.4%, annualized_volatility=18.6%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.911, 'unemployment': 6.7, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.79, 't10y3m_spread': 0.85, 'breakeven_10y': 1.73, 'hy_oas': 4.22, 'ig_oas': 1.19, 'ted_spread': 0.1, 'mortgage_30y': 2.78, 'vix': 25.75}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-11-09] ["Adobe to buy marketing workflow startup Workfront for $1.5 bln Adds detail of deal Nov 9 (Reuters) - Photoshop maker Adobe Inc ADBE.O said on Monday it would buy Workfront, a work management platform for marketers, for $1.5 billion to help its customers collaborate better at a time when millions are forced to work from home. Workfront, which has more than 3,000 customers and one million users, helps companies manage content, plan and track marketing campaigns as they attempt to keep productivity levels up with most of their employees working remotely. Both companies are longstanding partners and already have over 1,000 shared customers. Adobe is a premier software firm housing the industry's most renowned graphics and photo editing application, however, it has not had the same success with collaboration tools. Upon close, Workfront Chief Executive Officer Alex Shootman will continue to lead the Workfront team, Adobe said in a statement. The deal is expected to close during Adobe's first quarter of fiscal 2021. (Reporting by Shradha Singh in Bengaluru; Editing by Aditya Soni and Shailesh Kuber) ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780 Ext: 2804, outside U.S. +91 80 6182 2630;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Adobe To Buy Workfront For $1.5 Bln (RTTNews) - Adobe Inc. (ADBE) Monday announced it has agreed to acquire Workfront, a work management platform for marketers, for $1.5 billion. The deal is expected to close during the first quarter of 2021, subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently. Upon close, Workfront CEO Alex Shootman will continue to lead the Workfront team, reporting to Anil Chakravarthy, executive vice president and general manager, Digital Experience Business and Worldwide Field Operations. \"Adobe and Workfront share a common affinity to help the modern marketer thrive in an ever-evolving, increasingly demanding setting,\" said Alex Shootman, CEO, Workfront. \"We're excited to join Adobe and believe this will be a tremendous opportunity for our customers and partners.\" Adobe said that Workfront is equipped with APIs that enable a seamless connection to Adobe Creative Cloud and Adobe Experience Cloud. Adobe and Workfront share 1,000 of customers, including Deloitte, Under Armour, Nordstrom, Prudential Financial, T-Mobile, and The Home Depot. ADBE closed Monday's trading at $471.14, down $23.49 or 4.75%, on the Nasdaq. The stock, however, gained $0.05 or 0.01%, in the after-hours trade. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "SoftBank Discloses $20 Billion Tech-Stock Bet, Big Gains for Vision Fund The company has more cash than it can quickly deploy, and it has poured a lot of it into highly liquid tech sha

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

Answer: positive

Explanation: The actual 21-day forward return for ACWI starting 2020-11-10 was +5.07%, which classifies as 'positive'.