AVAX-USD over past 60 days: cumulative return -9.3%, annualized vol 84.4%. Market regime: sideways.

Question:
Asset: AVAX-USD
Historical prices (past 60 trading days): start=81.73, end=74.17, cumulative_return=-9.3%, annualized_volatility=84.4%
Macro context: {'fed_funds_rate': 0.33, 'cpi_yoy': 288.561, 'unemployment': 3.7, 'gdp_growth_qoq': 21967.045, 't10y2y_spread': 0.29, 't10y3m_spread': 2.02, 'breakeven_10y': 2.86, 'hy_oas': 3.73, 'ig_oas': 1.22, 'ted_spread': 0.09, 'mortgage_30y': 4.72, 'vix': 24.3700008392334}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-04-11]

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

Answer: negative

Explanation: The actual 21-day forward return for AVAX-USD starting 2022-04-12 was -21.87%, which classifies as 'negative'.


IVV over past 60 days: cumulative return +4.1%, annualized vol 11.3%. Market regime: sideways.

Question:
Asset: IVV
Historical prices (past 60 trading days): start=415.31, end=432.44, cumulative_return=+4.1%, annualized_volatility=11.3%
Macro context: {'fed_funds_rate': 0.07, 'cpi_yoy': 276.55, 'unemployment': 4.5, 'gdp_growth_qoq': 21988.737, 't10y2y_spread': 1.07, 't10y3m_spread': 1.5, 'breakeven_10y': 2.51, 'hy_oas': 3.15, 'ig_oas': 0.89, 'ted_spread': 0.08, 'mortgage_30y': 3.14, 'vix': 16.260000228881836}
Market regime: sideways
Recent filing/news:
[SEC 10-K AAPL 2021-10-29] aapl-20210925 false 2021 FY 0000320193 P1Y P5Y P1Y 64 P1Y 26 P1Y 8 2 http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent 0000320193 2020-09-27 2021-09-25 0000320193 us-gaap:CommonStockMember 2020-09-27 2021-09-25 0000320193 aapl:A1.000NotesDue2022Member 2020-09-27 2021-09-25 0000320193 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us-gaap:EquitySecuritiesMember 2021-09-25 0000320193 us-gaap:FairValueInputsLevel2Member us [...TRUNCATED...] cer. 31.2** Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer. 32.1*** Section 1350 Certifications of Chief Executive Officer and Chief Financial Officer. 101** Inline XBRL Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K. 104** Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set. * Indicates management contract or compensatory plan or arrangement. ** Filed herewith. *** Furnished herewith. (1) Certain instruments defining the rights of holders of long-term debt securities of the Registrant are omitted pursuant to Item 601(b)(4)(iii) of Regulation S-K. The Registrant hereby undertakes to furnish to the SEC, upon request, copies of any such instruments. Item 16.    Form 10-K Summary None. Apple Inc. | 2021 Form 10-K | 59 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 28, 2021 Apple Inc. By: /s/ Luca Maestri Luca Maestri Senior Vice President, Chief Financial Officer Power of Attorney KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Timothy D. Cook and Luca Maestri, jointly and severally, his or her attorneys-in-fact, each with the power of substitution, for him or her in any and all capacities, to sign any amendments to this Annual Report on Form 10-K, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated: Name Title Date /s/ Timothy D. Cook Chief Executive Officer and Director (Principal Executive Officer) October 28, 2021 TIMOTHY D. COOK /s/ Luca Maestri Senior Vice President, Chief Financial Officer (Principal Financial Officer) October 28, 2021 LUCA MAESTRI /s/ Chris Kondo Senior Director of Corporate Accounting (Principal Accounting Officer) October 28, 2021 CHRIS KONDO /s/ James A. Bell Director October 28, 2021 JAMES A. BELL /s/ Al Gore Director October 28, 2021 AL GORE /s/ Andrea Jung Director October 28, 2021 ANDREA JUNG /s/ Arthur D. Levinson Director and Chair of the Board October 28, 2021 ARTHUR D. LEVINSON /s/ Monica Lozano Director October 28, 2021 MONICA LOZANO /s/ Ronald D. Sugar Director October 28, 2021 RONALD D. SUGAR /s/ Susan L. Wagner Director October 28, 2021 SUSAN L. WAGNER Apple Inc. | 2021 Form 10-K | 60

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

Answer: negative

Explanation: The actual 21-day forward return for IVV starting 2021-11-01 was -2.09%, which classifies as 'negative'.


REZ over past 60 days: cumulative return +6.0%, annualized vol 13.0%. Market regime: sideways.

Question:
Asset: REZ
Historical prices (past 60 trading days): start=56.22, end=59.57, cumulative_return=+6.0%, annualized_volatility=13.0%
Macro context: {'fed_funds_rate': 2.39, 'cpi_yoy': 255.296, 'unemployment': 3.6, 'gdp_growth_qoq': 20602.275, 't10y2y_spread': 0.17, 't10y3m_spread': 0.04, 'breakeven_10y': 1.83, 'hy_oas': 3.99, 'ig_oas': 1.24, 'ted_spread': 0.18, 'mortgage_30y': 4.07, 'vix': 14.949999809265137}
Market regime: sideways

Predict whether the return of REZ 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 REZ starting 2019-05-22 was +3.27%, which classifies as 'positive'.


XLP over past 60 days: cumulative return +2.8%, annualized vol 14.6%. Market regime: sideways.

Question:
Asset: XLP
Historical prices (past 60 trading days): start=68.74, end=70.69, cumulative_return=+2.8%, annualized_volatility=14.6%
Macro context: {'fed_funds_rate': 0.33, 'cpi_yoy': 288.561, 'unemployment': 3.7, 'gdp_growth_qoq': 21967.045, 't10y2y_spread': 0.19, 't10y3m_spread': 2.02, 'breakeven_10y': 2.86, 'hy_oas': 3.57, 'ig_oas': 1.2, 'ted_spread': 0.09, 'mortgage_30y': 4.72, 'vix': 21.15999984741211}
Market regime: sideways
Recent filing/news:
[Kaggle 2022-04-08] ["Top Stock Reports for Costco, AstraZeneca & Medtronic Friday, April 8, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corporation (COST), AstraZeneca PLC (AZN), and Medtronic plc (MDT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today\u2019s research reports here >>> Shares of Costco have outperformed the Zacks Retail - Discount Stores industry over the past year (+69.5% vs. +23.7%), reflecting the company's growth strategies, better price management, decent membership trend, and increasing penetration of e-commerce business. The strategy to sell products at discounted prices has helped draw customers seeking both value and convenience. These factors have been aiding in registering impressive sales and earnings numbers. Costco put up a decent performance in second-quarter fiscal 2022, wherein both the top and the bottom lines improved year over year. Also, Costco has been witnessing stellar comps sales run. While the aforementioned factors raise optimism. However, supply chain bottlenecks and higher labor and freight costs remain concerns. Any deleverage in SG&A rate may hurt margins. (You can read the full research report on Costco here >>>) Shares of AstraZeneca have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+47% vs. +38.5%). The Zacks analyst believes that the company\u2019s newer drugs, mainly cancer medicines, Lynparza, Tagrisso and Imfinzi should keep driving revenues. Its pipeline is strong with several phase III data readouts lined up. AstraZeneca has also engaged in external acquisitions and strategic collaborations to boost its pipeline while investing in geographic areas of high growth like emerging markets. Cost-cutting efforts should drive earnings. The Alexion buyout strengthens its immunology franchise, adding several drugs that can boost its top line. However, AstraZeneca\u2019s diabetes franchise faces stiff competition while pricing pressure is hurting sales in the respiratory unit. Sales of some medicines are being hurt due to COVID-19. Sales are slowing down in key markets, China, due to pricing pressure. (You can read the full research report on AstraZeneca here >>>) Shares of Medtronic have outperformed the Zacks Medical - Products industry over the year-to-date period (+9.3% vs. -7.3%). Medtronic has registered organic growth in the Cardiovascular, Neuroscience and Diabetes segments. The company claims share gains in 60% of its businesses. However, the sluggish top-line results reflect the unfavorable market impact of COVID-19 and health system labor shortages. CRDN sales decreased in the mid-single digits, given the impact of COVID-19 on PCI procedures. Also, there have been low double-digit organic declines in RGR with sales of ventilators declining in the high-fif

Predict whether the return of XLP 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 XLP starting 2022-04-11 was -3.28%, which classifies as 'negative'.


BNB-USD over past 60 days: cumulative return +58.8%, annualized vol 80.8%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=17.13, end=27.20, cumulative_return=+58.8%, annualized_volatility=80.8%
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': 0.57, 'breakeven_10y': 1.67, 'hy_oas': 5.14, 'ig_oas': 1.36, 'ted_spread': 0.14, 'mortgage_30y': 2.86, 'vix': 25.59000015258789}
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: flat

Explanation: The actual 21-day forward return for BNB-USD starting 2020-09-16 was -0.93%, which classifies as 'flat'.


TLT over past 60 days: cumulative return -16.4%, annualized vol 19.2%. Market regime: sideways.

Question:
Asset: TLT
Historical prices (past 60 trading days): start=117.40, end=98.19, cumulative_return=-16.4%, annualized_volatility=19.2%
Macro context: {'fed_funds_rate': 0.83, 'cpi_yoy': 291.298, 'unemployment': 3.6, 'gdp_growth_qoq': 21967.045, 't10y2y_spread': 0.4, 't10y3m_spread': 2.27, 'breakeven_10y': 2.86, 'hy_oas': 4.18, 'ig_oas': 1.4, 'ted_spread': 0.09, 'mortgage_30y': 5.27, 'vix': 30.190000534057617}
Market regime: sideways

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

Answer: flat

Explanation: The actual 21-day forward return for TLT starting 2022-05-09 was +0.57%, which classifies as 'flat'.


EWJ over past 60 days: cumulative return +1.3%, annualized vol 17.5%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=46.20, end=46.81, cumulative_return=+1.3%, annualized_volatility=17.5%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 253.319, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.15, 't10y3m_spread': 0.2, 'breakeven_10y': 1.87, 'hy_oas': 4.11, 'ig_oas': 1.32, 'ted_spread': 0.23, 'mortgage_30y': 4.37, 'vix': 14.880000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-02-19] After Hours Most Active for Feb 19, 2019 : SIRI, PFE, CHK, MO, VER, FDC, ZAYO, WBA, PYPL, AGNC, ADBE, SHY The NASDAQ 100 After Hours Indicator is up 1.03 to 7,067.64. The total After hours volume is currently 51,827,821 shares traded. The following are the most active stocks for the after hours session : Sirius XM Holdings Inc. ( SIRI ) is unchanged at $6.00, with 3,769,562 shares traded. As reported in the last short interest update the days to cover for SIRI is 8.93504; this calculation is based on the average trading volume of the stock. Pfizer, Inc. ( PFE ) is -0.2 at $42.40, with 2,262,941 shares traded. PFE's current last sale is 94.22% of the target price of $45. Chesapeake Energy Corporation ( CHK ) is unchanged at $2.68, with 1,818,617 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2018. The consensus EPS forecast is $0.17. CHK's current last sale is 89.33% of the target price of $3. Altria Group ( MO ) is +0.13 at $49.12, with 1,447,860 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2019. The consensus EPS forecast is $1.07. MO's current last sale is 83.97% of the target price of $58.5. VEREIT Inc. ( VER ) is unchanged at $8.26, with 1,314,873 shares traded.VER is scheduled to provide an earnings report on 2/21/2019, for the fiscal quarter ending Dec2018. The consensus earnings per share forecast is 0.17 per share, which represents a 18 percent increase over the EPS one Year Ago First Data Corporation ( FDC ) is +0.03 at $25.53, with 1,273,073 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2019. The consensus EPS forecast is $0.27. FDC's current last sale is 102.12% of the target price of $25. Zayo Group Holdings, Inc. ( ZAYO ) is +0.1198 at $25.57, with 1,218,521 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2019. The consensus EPS forecast is $0.18. As reported by Zacks, the current mean recommendation for ZAYO is in the "buy range". Walgreens Boots Alliance, Inc. ( WBA ) is +0.4 at $74.83, with 991,822 shares traded. WBA's current last sale is 99.77% of the target price of $75. PayPal Holdings, Inc. ( PYPL ) is -0.02 at $95.00, with 877,652 shares traded. As reported by Zacks, the current mean recommendation for PYPL is in the "buy range". AGNC Investment Corp. ( AGNC ) is +0.01 at $17.70, with 813,667 shares traded. AGNC's current last sale is 98.33% of the target price of $18. Adobe Inc. ( ADBE ) is -0.0077 at $257.80, with 795,058 shares traded. As reported by Zacks, the current mean recommendation for ADBE is in the "buy range". iShares 1-3 Year Treasury Bond ETF ( SHY ) is unchanged at $83.74, with 792,213 shares traded. This represents a 1.1% increase from its 52 Week Low. The views and opinions expre

Predict whether the return of EWJ 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 EWJ starting 2019-02-20 was +0.42%, which classifies as 'flat'.


ETH-USD over past 60 days: cumulative return -31.4%, annualized vol 61.8%. Market regime: sideways.

Question:
Asset: ETH-USD
Historical prices (past 60 trading days): start=533.28, end=365.59, cumulative_return=-31.4%, annualized_volatility=61.8%
Macro context: {'fed_funds_rate': 1.91, 'cpi_yoy': 251.663, 'unemployment': 3.8, 'gdp_growth_qoq': 20276.154, 't10y2y_spread': 0.29, 't10y3m_spread': 0.87, 'breakeven_10y': 2.11, 'hy_oas': 3.38, 'ig_oas': 1.16, 'ted_spread': 0.32, 'mortgage_30y': 4.59, 'vix': 11.270000457763672}
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 2018-08-10 was -15.31%, which classifies as 'negative'.


VNQ over past 60 days: cumulative return +1.2%, annualized vol 8.9%. Market regime: sideways.

Question:
Asset: VNQ
Historical prices (past 60 trading days): start=59.68, end=60.37, cumulative_return=+1.2%, annualized_volatility=8.9%
Macro context: {'fed_funds_rate': 1.42, 'cpi_yoy': 247.805, 'unemployment': 4.1, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.52, 't10y3m_spread': 1.04, 'breakeven_10y': 1.96, 'hy_oas': 3.55, 'ig_oas': 0.98, 'ted_spread': 0.32, 'mortgage_30y': 3.99, 'vix': 10.18000030517578}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for VNQ starting 2017-12-29 was -5.25%, which classifies as 'negative'.


TLT over past 60 days: cumulative return -4.2%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: TLT
Historical prices (past 60 trading days): start=139.58, end=133.65, cumulative_return=-4.2%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.911, 'unemployment': 6.7, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.71, 't10y3m_spread': 0.78, 'breakeven_10y': 1.71, 'hy_oas': 4.62, 'ig_oas': 1.21, 'ted_spread': 0.12, 'mortgage_30y': 2.84, 'vix': 25.350000381469727}
Market regime: sideways

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

Answer: flat

Explanation: The actual 21-day forward return for TLT starting 2020-11-13 was +0.21%, which classifies as 'flat'.


EEM over past 60 days: cumulative return +5.7%, annualized vol 11.6%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=35.89, end=37.95, cumulative_return=+5.7%, annualized_volatility=11.6%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 246.626, 'unemployment': 4.2, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.79, 't10y3m_spread': 1.28, 'breakeven_10y': 1.87, 'hy_oas': 3.42, 'ig_oas': 1.01, 'ted_spread': 0.27, 'mortgage_30y': 3.88, 'vix': 9.970000267028809}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-10-20] ["38 Biggest Movers From Yesterday", "Adobe MAX 2017 Event Concludes Today", "Adobe MAX 2017 Event Concludes Today", "38 Biggest Movers From Yesterday", "Adobe Systems Sees Its Composite Rating Rise To 99 Adobe Systems ( ADBE ) saw its IBD SmartSelect Composite Rating jump to 99 Friday, up from 94 the day before. [ibd-display-video id=2385970 width=50 float=left autostart=true] The new rating shows the stock is outpacing 99% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move. Adobe Systems is currently extended beyond a proper buy zone after breaking out from a 157.99 buy point in a flat base. Looking For The Best Stocks To Buy And Watch? Start Here The stock has a 93 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 93% of all stocks. Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks. In Q3, the company reported 47% EPS growth. That means it's now delivered two straight quarters of rising EPS gains. Sales growth fell to 26%, down from 27% in the prior quarter. Adobe Systems holds the No. 1 rank among its peers in the Computer Software-Desktop industry group. Red Hat ( RHT ) and Microsoft ( MSFT ) are also among the group's highest-rated stocks. RELATED: Which Companies Are Now Outperforming 95% Of All Stocks? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "4 Top Liquid Stocks to Buy for Stellar Returns The liquidity position is indicative of whether a company's business is heading in the right direction. Favorable liquidity may help a company see strong business growth, which in turn may drive its price performance. Liquidity is a measure of a company's capability of meeting its debt obligations by converting its assets into liquid cash and equivalents. However, one should exercise caution before investing in such stocks. While a high liquidity level may imply that the company is meeting its obligations at a faster rate compared to peers, it may also indicate that the company is failing to use its assets efficiently. Hence, one may consider the efficiency level of a company in addition to its liquidity to identify potential winners. Measures to Identify Liquid Stocks Liquidity ratios like Current Ratio, Quick Ratio and Cash Ratio are primarily used to identify companies with strong liquidity. Current Ratio : It measures current assets relative to current liabilities. This ratio is used for measuring a company's potential to meet both short- and long-term debt obligations. Thus, a current ratio - also known as working capital ratio - below 1 indicates that the company has more liabilities than assets. Howe

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 2017-10-23 was +3.92%, which classifies as 'positive'.


ACWI over past 60 days: cumulative return -5.0%, annualized vol 32.3%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=68.38, end=64.95, cumulative_return=-5.0%, annualized_volatility=32.3%
Macro context: {'fed_funds_rate': 0.05, 'cpi_yoy': 255.802, 'unemployment': 13.2, 'gdp_growth_qoq': 19077.992, 't10y2y_spread': 0.53, 't10y3m_spread': 0.55, 'breakeven_10y': 1.18, 'hy_oas': 6.6, 'ig_oas': 1.87, 'ted_spread': 0.2, 'mortgage_30y': 3.15, 'vix': 28.59000015258789}
Market regime: sideways
Recent filing/news:
[Kaggle 2020-05-28] ["Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Trump's Executive Order To Expose Social Media To Lawsuits Over Content Policies", "Costco Earnings On Tap After Close As Investors Mull Strong Toll Brothers Results", "Martin Scorsese's Next Movie Will Be Financed By Apple: Report", "Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple", "The Momentum Trade Driving Stocks Higher May Be About To Snap", "Tweedy Browne's \u2014\u2026\u2014\u2026 Annual Letter to Shareholders", "Kroger: Capital Preservation and More at a Good Price", "Tredje AP-fonden Buys Microsoft Corp, Amazon.com Inc, Apple Inc, Sells iShares U.S. ...", "The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron", "Growth Stocks for 2020: Trading Tech Stocks + FANG Stocks", "Stocks Are Struggling To Post Gains On May 28 Ahead Of Initial Claims", "Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc", "Apple makes streaming deal for Martin Scorsese movie starring Leonardo DiCaprio \u2018Killers of the Flower Moon\u2019 to stream exclusively on Apple TV+ Apple Inc. has nabbed

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 2020-05-29 was +2.27%, which classifies as 'positive'.


ADA-USD over past 60 days: cumulative return +63.6%, annualized vol 79.4%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.05, end=0.08, cumulative_return=+63.6%, annualized_volatility=79.4%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 257.042, 'unemployment': 11.0, 'gdp_growth_qoq': 19077.992, 't10y2y_spread': 0.48, 't10y3m_spread': 0.5, 'breakeven_10y': 1.34, 'hy_oas': 6.52, 'ig_oas': 1.62, 'ted_spread': 0.16, 'mortgage_30y': 3.13, 'vix': 31.780000686645508}
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 2020-06-30 was +47.94%, which classifies as 'positive'.


XLP over past 60 days: cumulative return -2.2%, annualized vol 16.8%. Market regime: sideways.

Question:
Asset: XLP
Historical prices (past 60 trading days): start=43.59, end=42.62, cumulative_return=-2.2%, annualized_volatility=16.8%
Macro context: {'fed_funds_rate': 2.4, 'cpi_yoy': 252.561, 'unemployment': 4.0, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.16, 't10y3m_spread': 0.28, 'breakeven_10y': 1.83, 'hy_oas': 4.55, 'ig_oas': 1.54, 'ted_spread': 0.41, 'mortgage_30y': 4.45, 'vix': 18.190000534057617}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-01-11] ["Friday's ETF with Unusual Volume: SIZE The iShares Edge MSCI USA Size Factor ETF is seeing unusually high volume in afternoon trading Friday, with over 314,000 shares traded versus three month average volume of about 32,000. Shares of SIZE were down about 0.2% on the day. Components of that ETF with the highest volume on Friday were General Electric, trading off about 0.1% with over 39.2 million shares changing hands so far this session, and Advanced Micro Devices, up about 0.5% on volume of over 37.5 million shares. General Motors is the component faring the best Friday, higher by about 8.3% on the day, while Vail Resorts is lagging other components of the iShares Edge MSCI USA Size Factor ETF, trading lower by about 13%. VIDEO: Friday's ETF with Unusual Volume: SIZE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.", "Noteworthy ETF Inflows: SOXX, NVDA, AMD, XLNX Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares PHLX Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $88.9 million dollar inflow -- that's a 8.2% increase week over week in outstanding units (from 6,700,000 to 7,250,000). Among the largest underlying components of SOXX, in trading today NVIDIA Corp (Symbol: NVDA) is off about 0.6%, Advanced Micro Devices Inc (Symbol: AMD) is off about 0.6%, and Xilinx, Inc. (Symbol: XLNX) is lower by about 0.3%. For a complete list of holdings, visit the SOXX Holdings page \u00bb The chart below shows the one year price performance of SOXX, versus its 200 day moving average: Looking at the chart above, SOXX's low point in its 52 week range is $144.79 per share, with $198.84 as the 52 week high point - that compares with a last trade of $163.35. 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 had notable inflows \u00bb The views and opinions expressed herein are the views and opi

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 2019-01-14 was +5.98%, which classifies as 'positive'.


BNB-USD over past 60 days: cumulative return +48.7%, annualized vol 61.4%. Market regime: sideways.

Question:
Asset: BNB-USD
Historical prices (past 60 trading days): start=27.68, end=41.15, cumulative_return=+48.7%, annualized_volatility=61.4%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 262.687, 'unemployment': 6.4, 'gdp_growth_qoq': 21082.134, 't10y2y_spread': 0.8, 't10y3m_spread': 0.84, 'breakeven_10y': 1.99, 'hy_oas': 3.86, 'ig_oas': 1.03, 'ted_spread': 0.15, 'mortgage_30y': 2.71, 'vix': 22.75}
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: positive

Explanation: The actual 21-day forward return for BNB-USD starting 2021-01-04 was +1.70%, which classifies as 'positive'.


IYR over past 60 days: cumulative return +7.3%, annualized vol 10.9%. Market regime: sideways.

Question:
Asset: IYR
Historical prices (past 60 trading days): start=77.64, end=83.27, cumulative_return=+7.3%, annualized_volatility=10.9%
Macro context: {'fed_funds_rate': 1.58, 'cpi_yoy': 259.25, 'unemployment': 3.5, 'gdp_growth_qoq': 20709.212, 't10y2y_spread': 0.18, 't10y3m_spread': 0.02, 'breakeven_10y': 1.65, 'hy_oas': 3.65, 'ig_oas': 1.04, 'ted_spread': 0.17, 'mortgage_30y': 3.45, 'vix': 15.18000030517578}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for IYR starting 2020-02-12 was -17.79%, which classifies as 'negative'.


SOYB over past 60 days: cumulative return +12.8%, annualized vol 14.6%. Market regime: sideways.

Question:
Asset: SOYB
Historical prices (past 60 trading days): start=14.33, end=16.17, cumulative_return=+12.8%, annualized_volatility=14.6%
Macro context: {'fed_funds_rate': 0.09, 'cpi_yoy': 260.319, 'unemployment': 6.9, 'gdp_growth_qoq': 20791.917, 't10y2y_spread': 0.6, 't10y3m_spread': 0.63, 'breakeven_10y': 1.69, 'hy_oas': 5.01, 'ig_oas': 1.34, 'ted_spread': 0.11, 'mortgage_30y': 2.81, 'vix': 26.96999931335449}
Market regime: sideways

Predict whether the return of SOYB 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 SOYB starting 2020-10-16 was +8.96%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return +9.3%, annualized vol 37.5%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=10167.27, end=11111.21, cumulative_return=+9.3%, annualized_volatility=37.5%
Macro context: {'fed_funds_rate': 0.1, 'cpi_yoy': 258.352, 'unemployment': 10.2, 'gdp_growth_qoq': 20558.879, 't10y2y_spread': 0.44, 't10y3m_spread': 0.46, 'breakeven_10y': 1.52, 'hy_oas': 5.14, 'ig_oas': 1.41, 'ted_spread': 0.16, 'mortgage_30y': 2.99, 'vix': 24.76000022888184}
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 2020-07-31 was +2.38%, which classifies as 'positive'.


BTC-USD over past 60 days: cumulative return -3.0%, annualized vol 45.0%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=8166.55, end=7923.64, cumulative_return=-3.0%, annualized_volatility=45.0%
Macro context: {'fed_funds_rate': 1.09, 'cpi_yoy': 258.076, 'unemployment': 4.4, 'gdp_growth_qoq': 20709.212, 't10y2y_spread': 0.16, 't10y3m_spread': 0.21, 'breakeven_10y': 1.07, 'hy_oas': 6.68, 'ig_oas': 1.88, 'ted_spread': 0.45, 'mortgage_30y': 3.29, 'vix': 43.34999847412109}
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 2020-03-10 was -18.60%, which classifies as 'negative'.


VLUE over past 60 days: cumulative return +4.0%, annualized vol 8.8%. Market regime: sideways.

Question:
Asset: VLUE
Historical prices (past 60 trading days): start=68.54, end=71.26, cumulative_return=+4.0%, annualized_volatility=8.8%
Macro context: {'fed_funds_rate': 1.92, 'cpi_yoy': 252.182, 'unemployment': 3.7, 'gdp_growth_qoq': 20276.154, 't10y2y_spread': 0.21, 't10y3m_spread': 0.83, 'breakeven_10y': 2.1, 'hy_oas': 3.29, 'ig_oas': 1.15, 'ted_spread': 0.21, 'mortgage_30y': 4.6, 'vix': 13.68000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-09-17] ["New Apple Watch doesn\u2019t have the feature most consumers want Price is the key factor for Apple smartwatch sales, analyst says, so most will buy older models instead of Apple Watch Series 4 \u2018We continue to expect the lowest price option will account for the bulk of Watch volume on a global basis,\u2019 says an analyst.", "Jeff Bezos\u2019 fortune is growing even faster than he can give it away Bezos\u2019 personal wealth has grown by about $4 billion this week The Amazon founder and CEO, the richest man in modern history, on Thursday stepped up his plans for major philanthropic giving by pledging $2 billion to set up the charitable \u201cBezos Day One Fund.\u201d", "Trade-war fears to loom large over stocks Bove: The Fed\u2019s interest-rate hikes could trigger a recession The single biggest fear dogging the financial markets is not the possible unraveling of emerging markets or the U.S. midterm elections but the specter of a full blown trade war, according to some strategists.", "Apple's stock could be blamed for all of the Dow's decline Shares of Apple Inc. dropped 1.7% in morning trade Monday, enough to pace the Dow Jones Industrial Average's decliners and to pull the blue-chip barometer down into negative territory. Apple's price decline shaved about 26 points off the Dow's price, which was down 19 points. Instinet analyst Jeffrey Kvaal reiterated his neutral rating on the stock, saying his analysis of weekend orders for Apple's new iPhones suggests shipments are tracking in line with expectations. Apple's stock was still up 16.5% over the past three months while the Dow was up 4.1%.", "Tech stocks haven't had a losing month since March and that may change as Nasdaq suffers September slump The Nasdaq Composite Index slumped late-morning Monday, with the day's slide helping to push the technology-and-internet focused gauge to its first monthly loss since March, according to FactSet data. The Nasdaq in late-morning trade was down about 80 points, or 1%, at 7,931. Worries that the U.S. trade clash with China was on the verge of escalating this week has kept investors on edge, particularly in tech, because that sector could be harmed by another round of tech-focused tariffs, market participants said. The Trump administration is planning to unveil new import duties on $200 billion in Chinese goods. The Nasdaq was on pace to shed 2.1% in September, which would be the index's worst monthly and only decline since a 2.9% fall. Beyond tariffs, industry watchers also have feared that shares within the group have gotten rich. Meanwhile, the Dow Jones Industrial Average was experiencing a less-severe slide on Monday, down 0.1% at 26,132, while the S&P 500 index was down 0.3% at 2,895. Notably, shares of Apple Inc. and Amazon.com Inc. , two of the world's most highly valued companies, were trading sharply lower on Monday, weighing on the broader market. Technically, Amazon is classified as a consumer-discretionary company and not tech in major b

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

Answer: negative

Explanation: The actual 21-day forward return for VLUE starting 2018-09-18 was -3.32%, which classifies as 'negative'.


IWM over past 60 days: cumulative return +9.8%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=135.85, end=149.10, cumulative_return=+9.8%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 1.55, 'cpi_yoy': 257.879, 'unemployment': 3.6, 'gdp_growth_qoq': 20985.448, 't10y2y_spread': 0.16, 't10y3m_spread': 0.14, 'breakeven_10y': 1.62, 'hy_oas': 4.05, 'ig_oas': 1.12, 'ted_spread': 0.34, 'mortgage_30y': 3.66, 'vix': 11.539999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-11-26] 5 Momentum Stocks to Buy on the Rebound In early September, we saw an unprecedented shift in the investment landscape from momentum stocks to value stocks. This came amid a recovery in economic fundamentals and a sharp rise in interest rates. By mid-September, the the iShares Momentum Factor ETF (BATS:) was down more than 1%, while the iShares Value Factor ETF (BATS:) was up more than 7%. This big divergence prompted me to write a piece on InvestorPlace outlining . The logic was simple. These sharp momentum-to-value shifts don’t happen often. But, when they do, it’s when the things are getting better. See late 2016. It is investors voting with their money that the coast is clear to buy stocks that require a good economy to head higher. As such, these shifts are normally temporary, and a harbinger of a broader market rally. When they end, both value and momentum stocks power higher alongside a rising economy. Thus, I reasoned that the September weakness in momentum stocks presented a solid buying opportunity into 2020, when all stocks would power higher supported by easing trade tensions, re-accelerated global capital investment and economic activity, revamped corporate profit growth, healthy labor markets and supportive central bank policy. Fast forward two months. Since then, both the Momentum Factor ETF and Value Factor ETF are up more than 3%, five of the seven momentum stocks I recommended are up more than 8%, and three of them are up more than 20%. I think this momentum stock rebound will continue. As such, let’s take a deeper look at five of my favorite momentum stocks that have shown impressive strength since mid-September. Momentum Stocks to Buy on the Rebound: The Trade Desk (TTD) Source: Shutterstock % Gain Since Sept. 16: 20% At one point in time, programmatic advertising leader The Trade Desk (NASDAQ:) was one of the biggest losers in the mid-2019 momentum-to-value shift. Shares had shed almost a quarter of their value by mid-September. But, since then, shares have soared 20%. This big rebound in TTD stock will persist for a few reasons. First, the long-term fundamentals are favorable here. Programmatic advertising is “smart” advertising, which leverages algorithms, data and machine learning to transform ad transactions and ad spend allocations from a guess-and-check process, to an automated and optimized process. The whole ad industry is pivoting into programmatic advertising, yet only a small portion of global ad dollars are transacted programmatically today. The Trade Desk is at the center of this pivot. Thus, as more ad dollars flow into the programmatic channel over the next few years, TTD’s revenues and profits will continue to roar higher. Second, the valuation remains reasonable. By my numbers, The Trade Desk will net $12 in earnings per share by fiscal 2025, behind 20%-plus annual revenue growth, steady profit margin expansion and 25%-plus profit growth. Based on an exit multiple of 35-times forward earnings (which is average

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 2019-11-27 was +2.23%, which classifies as 'positive'.


LINK-USD over past 60 days: cumulative return +126.0%, annualized vol 124.3%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=12.21, end=27.59, cumulative_return=+126.0%, annualized_volatility=124.3%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 263.579, 'unemployment': 6.2, 'gdp_growth_qoq': 21082.134, 't10y2y_spread': 1.07, 't10y3m_spread': 1.14, 'breakeven_10y': 2.22, 'hy_oas': 3.51, 'ig_oas': 0.98, 'ted_spread': 0.16, 'mortgage_30y': 2.73, 'vix': 21.6299991607666}
Market regime: sideways

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

Answer: positive

Explanation: The actual 21-day forward return for LINK-USD starting 2021-02-10 was +11.65%, which classifies as 'positive'.


ADA-USD over past 60 days: cumulative return -7.3%, annualized vol 74.1%. Market regime: sideways.

Question:
Asset: ADA-USD
Historical prices (past 60 trading days): start=0.07, end=0.06, cumulative_return=-7.3%, annualized_volatility=74.1%
Macro context: {'fed_funds_rate': 2.2, 'cpi_yoy': 252.594, 'unemployment': 3.8, 'gdp_growth_qoq': 20304.874, 't10y2y_spread': 0.26, 't10y3m_spread': 0.74, 'breakeven_10y': 2.0, 'hy_oas': 3.99, 'ig_oas': 1.29, 'ted_spread': 0.3, 'mortgage_30y': 4.94, 'vix': 21.25}
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: negative

Explanation: The actual 21-day forward return for ADA-USD starting 2018-11-15 was -51.53%, which classifies as 'negative'.


SCHH over past 60 days: cumulative return +1.3%, annualized vol 11.2%. Market regime: sideways.

Question:
Asset: SCHH
Historical prices (past 60 trading days): start=15.92, end=16.13, cumulative_return=+1.3%, annualized_volatility=11.2%
Macro context: {'fed_funds_rate': 0.91, 'cpi_yoy': 244.193, 'unemployment': 4.4, 'gdp_growth_qoq': 19506.949, 't10y2y_spread': 1.04, 't10y3m_spread': 1.47, 'breakeven_10y': 1.9, 'hy_oas': 3.96, 'ig_oas': 1.24, 'ted_spread': 0.36, 'mortgage_30y': 4.1, 'vix': 15.770000457763672}
Market regime: sideways

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

Answer: negative

Explanation: The actual 21-day forward return for SCHH starting 2017-04-13 was -3.68%, which classifies as 'negative'.


EEM over past 60 days: cumulative return +8.5%, annualized vol 17.2%. Market regime: sideways.

Question:
Asset: EEM
Historical prices (past 60 trading days): start=33.32, end=36.14, cumulative_return=+8.5%, annualized_volatility=17.2%
Macro context: {'fed_funds_rate': 2.41, 'cpi_yoy': 254.277, 'unemployment': 3.8, 'gdp_growth_qoq': 20431.641, 't10y2y_spread': 0.16, 't10y3m_spread': -0.04, 'breakeven_10y': 1.83, 'hy_oas': 4.08, 'ig_oas': 1.25, 'ted_spread': 0.21, 'mortgage_30y': 4.06, 'vix': 14.43000030517578}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-03-28] The New Microsoft Partnership Underscores Why Adobe Stock Is a Winner Adobe (NASDAQ:) really is as strong as it has been for awhile. But when you think about it it makes perfect sense that and Adobe stock is so solid. Source: Shutterstock In the stock market, amid all the numbers and stochastic price movements, it’s sometimes best to keep things simple. As such, here’s my best attempt at a simple, three box check-list for identifying winning stocks. The company has to have winning and distinct features. The company has to be in a secular growth market. And, the stock has to trade at a reasonable valuation that leaves room for upside. A lot of stocks check off those boxes. But, few check them off as convincingly as Adobe. Adobe has winning and distinct features (the company dominates in delivering visual-oriented digital solutions). The company is also immersed in the secular growth cloud services market. And, ADBE has consistently traded at a reasonable 30-times forward price-to-earnings multiple. Consequently, Adobe stock has been a winning stock for a long time. Over the past five years, Adobe has risen more than 300%. Adobe will have similar success over the next five years, largely because the stock continues to check off all the right boxes. Of recent importance, Adobe just partnered with Microsoft (NASDAQ:) in a move that only emphasizes Adobe’s winning features and expands the company’s reach in the secular growth cloud services market. So long as these catalysts keep popping up, ADBE will remain in the winner’s column. As such, it remains the sort of stock you buy now and hold for the long haul. Microsoft Partnership Reinforces Strong Fundamentals Adobe stock is supported by strong big picture growth fundamentals. Those big picture fundamentals include that this is a company unparalleled in its ability to deliver visual-oriented solutions, and that is leveraging that unique ability to create unique and highly valuable visual-focused cloud solutions. Those solutions include Document Cloud, Creative Cloud, and Experience Cloud, and have increasing value today, in a world that is rapidly pivoting to visual-heavy consumption and interaction. As such, as this pivot continues for the foreseeable future, Adobe projects to win dollars and share in the huge growth cloud market. This healthy big picture narrative is getting even healthier, mostly thanks to Adobe’s continued expansion into the commerce and enterprise marketing side of the cloud market. Specifically, Adobe last year acquired two companies. The first, Magneto, is a commerce platform. The second, Marketo, is a B2B marketing engagement company. The sum of these acquisitions expanded Adobe’s reach in the cloud services market, to include commerce and B2B enterprise marketing. Building on those acquisitions, Adobe recently announced a partnership with Microsoft that further expands Adobe’s reach in new markets. Specifically, Adobe’s customers can now tap into the Microsoft-owned LinkedIn

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 2019-03-29 was +2.45%, which classifies as 'positive'.


IWM over past 60 days: cumulative return +3.2%, annualized vol 13.5%. Market regime: sideways.

Question:
Asset: IWM
Historical prices (past 60 trading days): start=105.87, end=109.26, cumulative_return=+3.2%, annualized_volatility=13.5%
Macro context: {'fed_funds_rate': 0.4, 'cpi_yoy': 241.741, 'unemployment': 4.9, 'gdp_growth_qoq': 19304.352, 't10y2y_spread': 0.87, 't10y3m_spread': 1.36, 'breakeven_10y': 1.62, 'hy_oas': 4.85, 'ig_oas': 1.41, 'ted_spread': 0.53, 'mortgage_30y': 3.42, 'vix': 13.630000114440918}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-10-04] ["Software-As-A-Service Competition Heats Up For Microsoft", "Software-As-A-Service Competition Heats Up For Microsoft", "Tech Stock Roundup: MSFT Deals, CRM Objections, TWTR Buy It was an eventful week for tech stocks in general and Microsoft MSFT in particular. The software giant entered into important alliances with Adobe ADBE , Workday WDAY , Dell, HP Enterprise HPE and got attacked by Salesforce CRM . Here's a quick look at the top stories: Microsoft Deal Week: Adobe, Workday, Renault Microsoft's alliances last week were notable. HP Enterprise and Dell, which officially joined Azure last week at its Ignite Conference in Atlanta, have everything to gain from the alliance. That's because Microsoft is the only one of the top cloud infrastructure providers that continues to bet on the hybrid cloud. Unlike Amazon AMZN and Alphabet's GOOGL Google, Microsoft expects companies to initially (and perhaps also later) use the public cloud for some operations while housing some sensitive operations on owned hardware. Therefore an alliance with Microsoft brings together the companies that can make this happen. Also at Ignite, the company announced a major collaboration with Adobe that will have the PDF software maker run its Adobe Marketing Cloud, Adobe Creative Cloud and Adobe Document Cloud on Azure. In return, Microsoft will make Adobe's marketing cloud the preferred marketing service for Dynamics 365, its own CRM solution. The combination of sales software from Microsoft and marketing software from Adobe will help users run Microsoft analytics on Adobe-stored data, thus putting up some solid competition for Salesforce's Sales Cloud and Marketing Cloud. What's more, the companies will cross-promote products. While Adobe will continue to work with Amazon's AWS for customers that want it, Adobe CEO Shantanu Narayen has said, \"We're going to be focusing our innovation and efforts on Azure.\" The company's alliance with Workday, intended to roll out this quarter, is intended to integrate Workdays' HR and finance software with Microsoft's Office 365 productivity solutions. The combined resources are expected to help customers \"simplify their business processes, enhance collaboration, and infuse more intelligence into their organizations,\" according to Microsoft CEO Nadella. There will also be employee-related analytics, such as how employee time is used. Renault and Nissan, that have gotten together to develop self driving car technology have now chosen Microsoft's Azure to provide advanced navigation, predictive maintenance and vehicle centric services, remote monitoring of car features, external mobile experiences and over-the-air updates. They also intend to collaborate on next-generation connected services for cars that will be powered by Azure services. SalesForce Opposes Microsoft-LinkedIn Deal After losing out in the bidding war to acquire LinkedIn, Salesforce is now trying to do what's second best. The main concern for the company is LinkedIn's d

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 2016-10-05 was -7.22%, which classifies as 'negative'.


EWJ over past 60 days: cumulative return -1.5%, annualized vol 18.8%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=51.60, end=50.81, cumulative_return=-1.5%, annualized_volatility=18.8%
Macro context: {'fed_funds_rate': 2.33, 'cpi_yoy': 294.913, 'unemployment': 3.5, 'gdp_growth_qoq': 22125.625, 't10y2y_spread': -0.17, 't10y3m_spread': 0.26, 'breakeven_10y': 2.48, 'hy_oas': 4.98, 'ig_oas': 1.54, 'ted_spread': 0.09, 'mortgage_30y': 5.3, 'vix': 22.32999992370605}
Market regime: sideways
Recent filing/news:
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srt:MinimumMember us-gaap:BuildingAndBuildingImprovementsMember 2021-07-0 [...TRUNCATED...] 60;                 104   Cover page formatted as Inline XBRL and contained in Exhibit 101   X                                 * Indicates a management contract or compensatory plan or arrangement. ** Furnished, not filed.     107 PART IV Item 16     ITEM 16. FORM 10-K SUMMARY None.     108     SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned; thereunto duly authorized, in the City of Redmond, State of Washington, on July 28, 2022.   M ICROSOFT C ORPORATION   /s/ A LICE L. J OLLA Alice L. Jolla Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer)   109     Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of Registrant and in the capacities indicated on July 28, 2022.   Signature   Title       /s/ S ATYA N ADELLA           Satya Nadella   Chairman and Chief Executive Officer (Principal Executive Officer)     /s/ R EID H OFFMAN              Reid Hoffman   Director     /s/ H UGH F. J OHNSTON            Hugh F. Johnston   Director     /s/  T ERI L. L IST   Teri L. List   Director     /s/  S ANDRA E. P ETERSON   Sandra E. Peterson   Director       /s/ P ENNY S. P RITZKER   Penny S. Pritzker   Director     /s/ C ARLOS A. R ODRIGUEZ   Director Carlos A. Rodriguez         /s/  C HARLES W. S CHARF           Charles W. Scharf   Director     /s/  J OHN W. S TANTON           John W. Stanton   Director       /s/ J OHN W. T HOMPSON           Lead Independent Director John W. Thompson         /s/ E MMA N. W ALMSLEY           Emma N. Walmsley   Director     /s/  P ADMASREE W ARRIOR   Padmasree Warrior   Director     /s/ A MY E. H OOD           Amy E. Hood   Executive Vice President and Chief Financial Officer (Principal Financial Officer)     /s/ A LICE L. J OLLA   Alice L. Jolla   Corporate Vice President and Chief Accounting Officer (Principal Accounting Officer)     110

Predict whether the return of EWJ 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 EWJ starting 2022-07-29 was -4.02%, which classifies as 'negative'.


XLK over past 60 days: cumulative return +5.4%, annualized vol 12.2%. Market regime: sideways.

Question:
Asset: XLK
Historical prices (past 60 trading days): start=21.52, end=22.67, cumulative_return=+5.4%, annualized_volatility=12.2%
Macro context: {'fed_funds_rate': 0.66, 'cpi_yoy': 243.618, 'unemployment': 4.7, 'gdp_growth_qoq': 19398.343, 't10y2y_spread': 1.25, 't10y3m_spread': 1.9, 'breakeven_10y': 2.02, 'hy_oas': 4.1, 'ig_oas': 1.28, 'ted_spread': 0.53, 'mortgage_30y': 4.09, 'vix': 11.770000457763672}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-01-23] ["Will Foxconn Build Its Next Multi-Billion Display Factory In The U.S. Or China? Apple's (AAPL) assembly supplier Hon Hai Precision Industry (2317.Taiwan), known as Foxconn, is considering investing $7 billion to build a display factory in the U.S., according to CEO Terry Gou in an interview on Sunday, a day after Donald Trump became the US President. Guo's interview contradicts an earlier one in which he said he would build an $8.8 billion factory in China.Foxconn would plan this factory with its subsidiary Sharp (6753.Japan), which has the LCD display technology.READ MORE.", "Goldman: Trump Trade Risk Not Priced In; 5 Stocks To Sell Financial markets have not priced in a protectionist Donald Trump presidency, according to Goldman Sachs.Look at how quickly Asia's export-oriented companies have bounced back, \"suggesting the market may not have priced in much trade risk\", wrote Goldman.READ MORE.", "Taiwan, Apple\u2019s Manufacturing Backyard, Rallies As Trump Pledges \u201cAmerica First\u201d Irony kicks in on the first trading day after Donald Trump was sworn in as the 45th U.S. President.Emerging Asia's stock markets broadly gained as currency traders pared back their bullish bets on the U.S. dollar. Last week, in an interview with the Wall Street Journal, Trump broke the long-held tradition of presidents not commenting on the greenback and said the dollar was \"too strong\" and \"it's killing us.\" The South Korean won rose 0.6%, the new Taiwan dollar gained 0.3% and the offshore yuan was up 0.3%.Taiwan's stock markets gained the most today, with the TAIEX Index up 0.8% recently.So why Taiwan?READ MORE.", "Foxconn may team with Apple to build $7 billion manufacturing facility in U.S. Factory could create up to 50,000 new jobs, Foxconn chairman says Foxconn Technology Group is considering building a display-panel manufacturing facility in the United States in a joint venture with Apple Inc. that could create up to 50,000 jobs, the company\u2019s chairman said Sunday.", "10 popular stocks at risk from Trump\u2019s \u2018America first\u2019 inauguration speech The new president\u2019s protectionist policies could damage the earnings of highly regarded companies doing business overseas The new president\u2019s protectionist policies could damage the earnings of highly regarded companies doing business overseas.", "6 tech stocks that could move big on earnings Buy Alphabet and Microsoft, but sell Intel; Apple is a hold Earnings so far look mixed, but that could all change when Big Tech reports.", "Tech Today: Qualcomm\u2019s Apple Risk, Apple\u2019s iPhone Risk, Twilio, Oracle Prospects Here are some things going on today in your world of tech:Shares of Qualcomm (QCOM) are down $2.93, or almost 5%, at $59.95, in pre-market trading, after multiple outlets reported on Friday that Apple (AAPL), one of its largest customers, has filed suit against Qualcomm for withholding $1 billion in rebates owed Apple, in a move to punish Apple for helping South

Predict whether the return of XLK 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 XLK starting 2017-01-24 was +4.60%, which classifies as 'positive'.


PALL over past 60 days: cumulative return +7.2%, annualized vol 22.0%. Market regime: sideways.

Question:
Asset: PALL
Historical prices (past 60 trading days): start=83.46, end=89.45, cumulative_return=+7.2%, annualized_volatility=22.0%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 246.435, 'unemployment': 4.3, 'gdp_growth_qoq': 19660.766, 't10y2y_spread': 0.79, 't10y3m_spread': 1.02, 'breakeven_10y': 1.81, 'hy_oas': 3.92, 'ig_oas': 1.17, 'ted_spread': 0.29, 'mortgage_30y': 3.78, 'vix': 12.119999885559082}
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: flat

Explanation: The actual 21-day forward return for PALL starting 2017-09-11 was -0.86%, which classifies as 'flat'.


LINK-USD over past 60 days: cumulative return +201.0%, annualized vol 133.6%. Market regime: sideways.

Question:
Asset: LINK-USD
Historical prices (past 60 trading days): start=0.93, end=2.79, cumulative_return=+201.0%, annualized_volatility=133.6%
Macro context: {'fed_funds_rate': 2.38, 'cpi_yoy': 255.802, 'unemployment': 3.7, 'gdp_growth_qoq': 20843.322, 't10y2y_spread': 0.28, 't10y3m_spread': -0.02, 'breakeven_10y': 1.77, 'hy_oas': 4.02, 'ig_oas': 1.18, 'ted_spread': 0.22, 'mortgage_30y': 3.75, 'vix': 12.390000343322754}
Market regime: sideways

Predict whether the return of LINK-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 LINK-USD starting 2019-07-15 was -8.95%, which classifies as 'negative'.


GLD over past 60 days: cumulative return +10.8%, annualized vol 14.3%. Market regime: sideways.

Question:
Asset: GLD
Historical prices (past 60 trading days): start=167.09, end=185.09, cumulative_return=+10.8%, annualized_volatility=14.3%
Macro context: {'fed_funds_rate': 0.08, 'cpi_yoy': 287.674, 'unemployment': 3.7, 'gdp_growth_qoq': 21932.71, 't10y2y_spread': 0.25, 't10y3m_spread': 1.6, 'breakeven_10y': 2.86, 'hy_oas': 4.05, 'ig_oas': 1.5, 'ted_spread': 0.09, 'mortgage_30y': 3.85, 'vix': 30.75}
Market regime: sideways

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

Answer: flat

Explanation: The actual 21-day forward return for GLD starting 2022-03-14 was +0.81%, which classifies as 'flat'.


BTC-USD over past 60 days: cumulative return +104.4%, annualized vol 100.1%. Market regime: sideways.

Question:
Asset: BTC-USD
Historical prices (past 60 trading days): start=6559.49, end=13405.80, cumulative_return=+104.4%, annualized_volatility=100.1%
Macro context: {'fed_funds_rate': 1.42, 'cpi_yoy': 248.859, 'unemployment': 4.0, 'gdp_growth_qoq': 20044.077, 't10y2y_spread': 0.56, 't10y3m_spread': 1.11, 'breakeven_10y': 2.0, 'hy_oas': 3.4, 'ig_oas': 0.95, 'ted_spread': 0.31, 'mortgage_30y': 3.99, 'vix': 9.880000114440918}
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 2018-01-12 was -36.84%, which classifies as 'negative'.


VEA over past 60 days: cumulative return +2.8%, annualized vol 7.1%. Market regime: sideways.

Question:
Asset: VEA
Historical prices (past 60 trading days): start=32.86, end=33.79, cumulative_return=+2.8%, annualized_volatility=7.1%
Macro context: {'fed_funds_rate': 1.16, 'cpi_yoy': 246.626, 'unemployment': 4.2, 'gdp_growth_qoq': 19882.352, 't10y2y_spread': 0.83, 't10y3m_spread': 1.32, 'breakeven_10y': 1.88, 'hy_oas': 3.42, 'ig_oas': 1.0, 'ted_spread': 0.27, 'mortgage_30y': 3.88, 'vix': 11.229999542236328}
Market regime: sideways
Recent filing/news:
[Kaggle 2017-10-25] ["Chip company earnings could be driven by new iPhones, data centers Broadcom and Texas Instruments cited by analysts as top picks High-profile smartphone releases and the growth of data centers are expected to drive another strong earnings quarter for chip makers and related companies, which would put a cap on a strong year for semiconductor stocks.", "Tech earnings: The iPhone X and other new gadgets that will matter this holiday season Apple\u2019s expensive new smartphone, Fitbit Ionic among devices investors will focus on as companies release important forecasts Gadget companies and Silicon Valley tech titans alike have unveiled a swath of new toys leading up to the holiday shopping season and as earnings approach, investors can learn a great deal about what\u2019s been successful\u2014if they know what to look for.", "Apple bets on 'wireless future' with New Zealand takeover Apple Inc. is buying New Zealand company PowerbyProxi for an undisclosed sum in an effort to step deeper into the wireless tech market, media reports said on Wednesday. The takeover was first reported by New Zealand news site Stuff, while Reuters said an Apple spokesperson also confirmed the deal. Dan Riccio, senior vice president of hardware engineering at the California company, told Stuff the team at PowerbyProxi will be \"a great addition as Apple works to create a wireless future.\" The company recently said it was including wireless charging in its new iPhone X and iPhone 8 smartphones. Apple shares were down 0.2% in premarket trade on Wednesday.", "Apple initiated at buy at HSBC", "Apple initiated with a buy rating at HSBC HSBC initiated coverage of Apple Inc. stock on Wednesday with a buy rating and a $193 price target with analysts saying a large and loyal user base is eager to get hold of the iPhone X. Analysts led by Steven Pelayo said they are trying to take a unique look at Apple by embracing its marketing slogan and trying to 'think different,' using the perspectives of its analysts from around the world. The bank's consumer team says Apple is not just a tech company, but also competes with luxury brands for talent, wallet share and locations. The telecom team says the U.S. is a key market and that technologies like AI, AR and foldable phones will drive demand. The internet team believes China competition is not just with handset makers, but also with Tencent in services and with super apps like WeChat as a platform for mobile payments. \"The Automotive team expects heavy competition between current and future entrants around electrification, automation, entertainment and connectivity over the next few years,\" said Pelayo. \"The question is what level of vertical integration is required from an OEM perspective.\" Apple shares were flat in premarket trade, but have gained 35.6% in 2017, while the Dow Jones Industrial Average has gained about 19% and the S&P 500 has gained 15%.", "Shell Trims Tesla Stake; Buys PayPal, Adobe, FedEx A unit of the oil giant th

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

Answer: positive

Explanation: The actual 21-day forward return for VEA starting 2017-10-26 was +2.31%, which classifies as 'positive'.


EWJ over past 60 days: cumulative return +2.3%, annualized vol 12.4%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=47.12, end=48.20, cumulative_return=+2.3%, annualized_volatility=12.4%
Macro context: {'fed_funds_rate': 2.41, 'cpi_yoy': 255.802, 'unemployment': 3.7, 'gdp_growth_qoq': 20843.322, 't10y2y_spread': 0.19, 't10y3m_spread': -0.25, 'breakeven_10y': 1.65, 'hy_oas': 4.02, 'ig_oas': 1.2, 'ted_spread': 0.13, 'mortgage_30y': 3.75, 'vix': 12.56999969482422}
Market regime: sideways
Recent filing/news:
[Kaggle 2019-07-03] ["Why Microsoft Stock Owners Shouldn\u2019t Worry About Linux Normally, a competitor\u2019s increased presence, especially in one\u2019s own turf, represents serious trouble. And under this context, consumer technology giant Microsoft (NASDAQ:) should be worried. Recently, a developer for the open-source platform Linux accidentally revealed that Linux-based operating systems had greater presence in Microsoft\u2019s Azure cloud network than Microsoft-based OS\u2019. Does this signal a dumping opportunity for Microsoft stock? Source: Shutterstock At first glance, the suddenly of Linux may startle stakeholders of Microsoft stock. After all, Linux is a free and open-source collaboration, meaning that it\u2019s impossible to profit from its mere existence. Of course, that philosophy runs counter to Microsoft\u2019s legacy revenue channels, where it sold programs and updates to those programs. By all accounts, it was an extremely profitable venture. But this latest bit of Microsoft news demonstrates that we\u2019re no longer in the 20th century. And despite the optics, the Linux development is a long-term positive for MSFT stock. How so? Because MSFT is, when it comes to software-related ventures, moving firmly toward the Software as a Solution (SaaS) model. Not only that, but the rise of Linux helps shift the narrative to the concept that Microsoft stock will now trade on the fundamentals of service offerings, not standalone products. For management, it doesn\u2019t really matter that Linux is the go-to choice for Azure users. For one thing, there\u2019s the fact that Azure is cheaper to run on Linux than on any other platform. Even Microsoft benefited from Linux\u2019s streamlined and efficient architecture to power its Internet of Things (IoT) devices. In other words, MSFT stock wins as long as Microsoft is somehow involved in the process. Office 2019 Offers Insight Into \u201cNew\u201d MSFT Stock When Microsoft 2019 launched during last year\u2019s fall season, it many observers. By that time, the tech firm had decisively entered the SaaS arena, and for good reasons. Namely, SaaS makes perfect sense for MSFT stock on multiple levels. First, subscription-based models utilize an ongoing contractual relationship. While the subscriber has to pay constantly, they also have access to the SaaS entity\u2019s service umbrella. Thus, when the need for updates arise \u2014 and that need perpetually exists \u2014 the platform automatically refreshes with relevant features. Second, the subscription model can quickly convert prospective buyers due to their much cheaper initial cost outlay. Once subs are on board, companies have greater chances to convert them to higher-margin services. Such strategies have rejuvenated Microsoft stock in the past. They\u2019ve also done wonders for Adobe (NASDAQ:). So when MSFT launched Office 2019, the computing public viewed it as one of the strangest pieces of Microsoft news. Unlike Office 365, Office 2019 was not an SaaS plat

Predict whether the return of EWJ 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 EWJ starting 2019-07-04 was -2.51%, which classifies as 'negative'.


PALL over past 60 days: cumulative return +3.4%, annualized vol 22.9%. Market regime: sideways.

Question:
Asset: PALL
Historical prices (past 60 trading days): start=88.25, end=91.29, cumulative_return=+3.4%, annualized_volatility=22.9%
Macro context: {'fed_funds_rate': 1.92, 'cpi_yoy': 251.018, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.35, 't10y3m_spread': 0.95, 'breakeven_10y': 2.12, 'hy_oas': 3.48, 'ig_oas': 1.29, 'ted_spread': 0.44, 'mortgage_30y': 4.57, 'vix': 15.920000076293944}
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: negative

Explanation: The actual 21-day forward return for PALL starting 2018-06-27 was -1.47%, which classifies as 'negative'.


EWJ over past 60 days: cumulative return -3.3%, annualized vol 8.8%. Market regime: sideways.

Question:
Asset: EWJ
Historical prices (past 60 trading days): start=51.15, end=49.45, cumulative_return=-3.3%, annualized_volatility=8.8%
Macro context: {'fed_funds_rate': 1.91, 'cpi_yoy': 251.018, 'unemployment': 4.0, 'gdp_growth_qoq': 20150.476, 't10y2y_spread': 0.32, 't10y3m_spread': 0.91, 'breakeven_10y': 2.1, 'hy_oas': 3.64, 'ig_oas': 1.3, 'ted_spread': 0.45, 'mortgage_30y': 4.55, 'vix': 16.850000381469727}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-06-28] ["These top-rated funds reveal some of the world\u2019s hottest tech stocks All have beaten the S&P 500 tech sector for five years, and the holdings include less well-known companies such as Walsin Technology and Sino-American Silicon Products All have beaten the S&P 500 tech sector for five years, and the holdings include less well-known companies such as Walsin Technology and Sino-American Silicon Products.", "Ocasio-Cortez withholds support of Pelosi as House speaker | Trump to officiate at Foxconn groundbreaking McConnell vows vote on Supreme Court nominee before midterm elections Alexandria Ocasio-Cortez withholds support for Nancy Pelosi as House speaker; President Trump will officiate at a Foxconn facility groundbreaking on Thursday; and more.", "Here\u2019s how much stock investors could lose in a \u2018zero-sum\u2019 trade war Critical information for the U.S. trading day The trade-war talk isn\u2019t slowing down and our call of the day says global stocks could be set back years if this spat blows up.", "Cody Willard: I have more cash and hedges today than at any time in the past decade A trade war will knock the economy off-kilter A trade war will knock the economy off-kilter.", "DC Entertainment to launch digital subscription service in August DC Entertainment has begun accepting sign-ups for a beta version of its digital subscription service, dubbed DC Universe, the company announced Thursday. The beta version will launch in August, and a full launch will follow later in the fall. DC Entertainment is a subsidiary of Time Warner Inc., which was recently acquired by AT&T and renamed WarnerMedia. The subscription service will give fans access to new live-action and animated series, previously-released TV series and films and a curated, rotating selection of digital comic books, the company said. The platform will feature a social-media element where fans can connect with each other, earn rewards and participate in sweepstakes and contests. There will be shopping opportunities, as well. DC has not announced pricing yet, but is planning to launch DC Universe on iOS, Android, Roku, Apple TV, Amazon Fire TV, Android TV and the web, the company said. Shares of AT&T have fallen 18.3% so far this year, while the S&P 500 has gained 1.3%.", "Tech Today: Google vs Amazon, Buying Tesla, Lattice\u2019s Turnaround Amazon's acquisition of pharmacy startup PillPack freaks out pharmacy stocks while its offer to help start small delivery businesses could be key to Whole Foods' expansion, Alphabet's Google needs to give away its home speaker to combat Amazon according to Morgan Stanley analyst Brian Nowak, now is the time to buy Tesla stock ahead of next week's Model 3 numbers according to Baird's Brian Kallo, T-Mobile's chances of getting Sprint are looking a little better to Wells Fargo's Jennifer Fritzsche, Lattice semiconductor may bounce back with new management and activist input thinks Dougherty's Charles Anderson, Square is no Amazon so says SunT

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 2018-06-29 was +1.85%, which classifies as 'positive'.


ACWI over past 60 days: cumulative return +7.5%, annualized vol 13.7%. Market regime: sideways.

Question:
Asset: ACWI
Historical prices (past 60 trading days): start=43.19, end=46.42, cumulative_return=+7.5%, annualized_volatility=13.7%
Macro context: {'fed_funds_rate': 0.37, 'cpi_yoy': 239.557, 'unemployment': 4.8, 'gdp_growth_qoq': 19062.709, 't10y2y_spread': 0.99, 't10y3m_spread': 1.47, 'breakeven_10y': 1.59, 'hy_oas': 6.4, 'ig_oas': 1.57, 'ted_spread': 0.37, 'mortgage_30y': 3.61, 'vix': 14.6899995803833}
Market regime: sideways
Recent filing/news:
[Kaggle 2016-05-11] ["WhatsApp launches desktop version for Mac, Windows Popular mobile messaging app rivals Skype, Apple\u2019s iMessage WhatsApp, the massively popular smartphone messaging app owned by Facebook Inc., is now available in a familiar place: your computer\u2019s desktop.", "Justice Inquiry Reveals Wall Street\u2019s Dirty Secret Firms profit by trading against individual investors, who they consider \u201cdumb money.\u201d", "Neither Trump nor Clinton can do much for the job market Technology and demographics are driving change, and the best that politicians can do is help retrain displaced workers Technology and demographics are driving change, and the best that politicians can do is help retrain displaced workers, says Howard Gold.", "Axel Springer looks to U.S. for digital growth BERLIN--German media giant Axel Springer SE says its U.S.-focused push into digital media is starting to pay off. One of Europe's biggest digital publishers, the old-line tabloid giant was once known for its Bild and Die Welt newspapers. It has worked for years to shed its reliance on print and boost online revenue.", "Apple: iPhone Upgrades Slowing, Stock is \u2018Range Bound,\u2019 Says UBS UBS\u2019s Steve Milunovich today reiterates a Buy rating on Apple (AAPL) shares, while trimming his price target to $115 from $120, writing that he\u2019s trimming his estimates for Apple\u2019s iPhone sales and profit after accepting the device is going to see longer upgrade cycles for the foreseeable future.His verdict on the shares: \u201cThe stock is likely range bound for now with low multiples acting as downside support and lack of demand catalysts an upper ceiling.\"The company will benefit from some increase in upgrade sales in 2017, but only to match what happened in 2015:We now expect iPhone unit growth of about 4% in F17 with upgrade growth offsetting a decline in new users. Strong sales in F15 stole from F16 but upgrades should hit in F17 or F18. Earnings only get back to the F15 level in our model, so new products may be required to excite investors beyond a trade. Apple has both annuity and hardware hits aspects, but we think the best way to understand the company is as a platform deserving of valuation b", "Apple suppliers in Taiwan struggling amid weaker iPhone demand Taiwan Semiconductor faces slowdown due to weak demand for premium phones like the iPhone: Nikkei Apple\u2019s A10 chip supplier Taiwan Semiconductor Manufacturing Co. faces a slowdown in the second-half of the year", "Apple: \u2018Value Trap\u2019 as Margins Come Under Pressure, Says Former Berenberg Analyst Adnaan Ahmad, who used to be a stock analyst with Berenberg Bank covering Apple (AAPL), until last year, today issues a missive to \u2014 well, I\u2019m not sure if he has clients at this point, but to anyone out there, in which he continues to press the deeply negative view of Apple shares, for which he offers a Sell rating and an $80 price target.Although the stock below $100 \u2014 it\u2019s at $

Predict whether the return of ACWI 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 ACWI starting 2016-05-12 was +0.85%, which classifies as 'flat'.


XLP over past 60 days: cumulative return -0.2%, annualized vol 11.3%. Market regime: sideways.

Question:
Asset: XLP
Historical prices (past 60 trading days): start=42.93, end=42.84, cumulative_return=-0.2%, annualized_volatility=11.3%
Macro context: {'fed_funds_rate': 2.18, 'cpi_yoy': 252.772, 'unemployment': 3.8, 'gdp_growth_qoq': 20304.874, 't10y2y_spread': 0.3, 't10y3m_spread': 0.87, 'breakeven_10y': 2.12, 'hy_oas': 3.54, 'ig_oas': 1.16, 'ted_spread': 0.21, 'mortgage_30y': 4.9, 'vix': 21.309999465942383}
Market regime: sideways
Recent filing/news:
[Kaggle 2018-10-12] ["Here\u2019s a dividend-investment strategy designed to outperform in down markets The Reality Shares DIVCON Leaders Dividend ETF screens for quality, based on the likelihood of large-cap companies raising payouts to shareholders The Reality Shares DIVCON Leaders Dividend ETF screens for quality, based on the likelihood of large-cap companies raising payouts to shareholders.", "All 30 Dow stocks rally premarket, led by Microsoft The 257-point rally in Dow Jones Industrial Average futures is unanimous early Friday, as all 30 components are trading higher in the premarket. Among the biggest gainers, shares of Microsoft Corp. ran up 2.9%, Visa Inc. climbed 2.6% and Cisco Systems Inc. rose 2.5%. The most active stock was Apple Inc.'s , which gained 2.3%. The Dow's bounce follows a 1,378-point drubbing the past two sessions. Microsoft's stock had shed 5.7% the past two sessions, as part of a sharp pullback in technology stocks.", "JPMorgan Jumps, Netflix Flies as Dow Steps Away From the Abyss The Nasdaq was up 1.7% as stocks like Microsoft, Fitbit and others got upgraded.", "How one investor sidestepped this week\u2019s stock-market decline Holding cash and hedges protects you from losing money Holding cash and hedges protects you from losing money.", "Cody Willard: I\u2019m adding Snap to the portfolio The shares have been hit so hard, it\u2019s time to bite The shares have been hit so hard, it\u2019s time to bite.", "Charting a dead-cat bounce, S&P 500 retests 200-day average from underneath Focus: 10-year yield tags 200-month moving average, Gold and gold miners take flight, Apple weathers the October downdraft, General Electric\u2019s backdrop strengthens? U.S. stocks are higher early Friday, rising from deeply oversold conditions amid the damaging October market downdraft.", "Flanked by musicians, Trump signs music copyright bill into law Joined by Kid Rock, original Beach Boys member Mike Love, and other stars, President Trump signed the Music Modernization Act on Thursday to close loopholes in existing copyright legislation.", "Netflix Earnings Are Coming. Here\u2019s What Matters As positive as the outlook for streaming video is, with tech stocks under fire investors will still focus on Netflix\u2019s quarterly subscriber growth", "Netflix and PayPal Execs Brace for Earnings After Market Tumble A more candid earnings season looms. First up: Netflix, PayPal, and Lam Research.", "Stocks rally to close higher but log worst week since March S&P 500 snaps 6-day losing streak U.S. stock market rallies on Friday, with equities rising broadly in a partial rebound from a multiday rout that slashed about 1,400 points from the Dow Jones Industrial Average and left the Nasdaq on the precipice of a correction.", "Tech Stocks Could Rebound Again but the Risks Are Growing Tech stocks are likely to rebound after their latest drubbing, but the selloff suggests that investors are paying more attention to the sector\u2019s challenges.", "The Momentum Trade Is D

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 2018-10-15 was +7.00%, which classifies as 'positive'.


VTI over past 60 days: cumulative return +2.9%, annualized vol 13.6%. Market regime: sideways.

Question:
Asset: VTI
Historical prices (past 60 trading days): start=87.82, end=90.35, cumulative_return=+2.9%, annualized_volatility=13.6%
Macro context: {'fed_funds_rate': 0.11, 'cpi_yoy': 235.976, 'unemployment': 5.4, 'gdp_growth_qoq': 18666.621, 't10y2y_spread': 1.46, 't10y3m_spread': 2.09, 'breakeven_10y': 1.84, 'hy_oas': 4.46, 'ig_oas': 1.31, 'ted_spread': 0.24, 'mortgage_30y': 3.75, 'vix': 14.039999961853027}
Market regime: sideways
Recent filing/news:
[Kaggle 2015-03-05] ["Apple delays production of larger iPad HONG KONG- Apple Inc. suppliers have been told to start production of a larger-screen iPad in the second half of this year as the U.S. tech giant wrestles with new designs and features for the enterprise market, people familiar with the matter say.", "Six reasons you should invest in the Wearables Revolution Wearables are a can't-miss growth market. The same kids (and adults) today who take selfies with their smartphones are going to be doing 10 times more of that using wearables, but how do investors make money?", "Why you should quit the QQQ in your IRA If you wouldn\u2019t buy an index fund that tracks the NYSE or the Amex, why would you buy into the Nasdaq?", "Apple Watch could be $26 billion business by 2018 NEW YORK (MarketWatch) - The Apple Watch may be a $26 billion business by 2018, Deutsche Bank analyst Sherri Scribner predicted in a note Thursday. However, she only reiterated a hold rating on Apple Inc.'s stock, saying a limited impact from the Watch and Apple's heavy reliance on the iPhone offer \"limited catalysts\" to drive shares higher over the next few quarters. Her $110 price target implies a 14% share-price decline from Apple's $128.54 closing price on Wednesday. To be fair, Scribner is one of the most bearish Apple analysts on Wall Street. The average rating on Apple's stock among more than 40 analysts is overweight, and the average price target is $134.92, according to FactSet. While Apple will undoubtedly outsell all rival smartwatches this year, according to Scribner, she expects the Watch to remain a minor product category in relation to the iPhone, comprising 10% or less of sales and EPS by 2018. Shares of Apple traded up 0.3% in premarket trade.", "Apple to control 55% of smartwatch market by year end NEW YORK (MarketWatch) - Apple Inc. could sell as many as 15 million units of Apple Watch worldwide this year, according to new data from intelligence company Strategy Analytics. This comes in just shy of forecasts released earlier on Thursday by Deutsche Bank analyst Sherri Scribner, who is projecting 17.6 million watches. At that number, Apple, expected to launch the watch in early April, would be the world's biggest smartwatch vendor, holding a 55% share of the global market this year, according to Strategy Analytics. While the market for smartwatches has yet to be proven given the lack of blockbuster sales from Apple Watch predecessors, analysts believe the watch will help spark interest in the category. Total global smartwatch shipments are predicted to grow 511% to 28.1 million units this year from just 4.6 million in 2014, according to Strategy Analytics. Earlier on Thursday, Deutsche Bank predicted that the Apple Watch would become a $26 billion business by 2018. Shares of Apple fell 1.3% to $126.83 in recent trade.", "U.S. company earnings point to stock-market correction The price-to-earnings ratio hasn\u2019t been so high since early 2010 The price-to-earnings ratio hasn\u

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

Answer: positive

Explanation: The actual 21-day forward return for VTI starting 2015-03-06 was +1.09%, which classifies as 'positive'.