2023-10: Oracle ORCL, Dow Jones Industrial Average index predictive of global assets

As of 2023-10-19 Thu end-of-day, using 2-day ahead horizon,

The conditional distribution of the value of the US three major stock index ETFs QQQ, SPY, DIA 2-days out are computed to be causally predicted by

• Synopsys SNPS (semiconductor design)

• Oracle ORCL (technology, database vendor)

• O’Reilly Automotive ORLY (consumer, car parts)

• Salesforce CRM (technology)

• GBPUSD (currency)

The three semiconductor/tech predictors’ price-to-earning ratios are generally above 40, (whilst S&P 500 index’s historic median was around 14-18).

If the target instruments expand to all global assets, the top two causal predictors are computed to be

• Oracle ORCL (technology, database vendor)

• Dow Jones Industrial Average ETF DIA (US 30 largest-cap)