AI NMS Forecast


Bullish Case: Increasing demand for municipal bonds amid economic recovery could drive NMS prices upward, supported by historical data showing potential for positive returns in 1-2 year windows as indicated by the return surface.


Bearish Case: Persistently low interest rates and economic shocks may maintain the downward pressure on NMS prices, reflecting historical performance trends indicating significant probabilities for negative returns over longer holding periods.


Potential Outcomes:

1. Upward price momentum (40%) from economic recovery efforts.

2. Continued flat performance (30%) due to stagnant market conditions.

3. Bearish trend return (30%) driven by external economic shocks.


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August 19, 2024


Nuveen Minnesota Quality Municipal Income Forecast

NMS      Nuveen Minnesota Quality Municipal Income











Correlated Assets

Assets that tend to move strongly with NMS



BURL Forecast + Options Trading Strategies   BURL  Burlington Stores (0.94)


XBI Forecast + Options Trading Strategies   XBI  SPDR Biotech (0.91)


CHKP Forecast + Options Trading Strategies   CHKP  Check Point Software Technolgies (0.9)


ICE Forecast + Options Trading Strategies   ICE  Intercontinental Exchange (0.9)


XLV Forecast + Options Trading Strategies   XLV  Health Care Select Sector SPDR (0.9)



Uncorrelated Assets

Assets with little price relationship to NMS



SVOL Forecast + Options Trading Strategies   SVOL  Simplify Volatility Premium (-0.0)


RIO Forecast + Options Trading Strategies   RIO  Rio Tinto (0.0)


HSIC Forecast + Options Trading Strategies   HSIC  Henry Schein (-0.01)


RMBS Forecast + Options Trading Strategies   RMBS  Rambus (0.01)


QS Forecast + Options Trading Strategies   QS  QuantumScape (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against NMS



KOS Forecast + Options Trading Strategies   KOS  Kosmos Energy (-0.86)


CORN Forecast + Options Trading Strategies   CORN  Teucrium Corn (-0.86)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.89)


FNGR Forecast + Options Trading Strategies   FNGR  FingerMotion (-0.9)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.9)





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