As of end of July, KLA Corp KLAC, Ford F, Nvidia NVDA are computed to be driving the three US stock indices: Nasdaq 100, S&P 500, Dow Jones Industrial Average.
The prediction time point is the day in six months from the latest market close, but it can be flexibly configured.
We wrote last month that the KLA Corporation, makes wafer fabrication equipment. It also supplies yield management software, to perform quality check of fabricated semiconductor wafer.
The website tsterm.com is now a static one and updated weekly. But if the search were allowed, and one searches for “KLAC.US;F.US”, one may see the No1 common causal predictor of KLAC and F is GE Aerospace, for the same forecast target time (6 months from now).
SpaceX was newly listed but we explained that a stock has to have decades of history to be in the calculation for causal predictors. The General Electric has spun out a few companies, the one that inherits the GE stock symbol is traded as GE Aerospace.
Therefore, tsterm.com computes that GE Aerospace drives KLA Corporation and Ford, which in turn drive the three US stock indices. The forecast target time is 6 months from now in each instance.
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