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This market commentary is for informational purposes only and does not constitute a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advisory or other services to any person in any jurisdiction by Geoffrey P. Raymond, CFA®, Lance J. Stonecypher CFA®, RMA®or Raymond Capital Advisors, LLC. Nothing contained in this market commentary constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this commentary should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this commentary, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information. Any views expressed by us were prepared based upon the information available at the time and we are under no obligation to review or update our views. Changed or additional information could cause such views to change. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. Investors should carefully consider the investment objectives, risks, charges and expenses of Raymond Capital Advisors strategies. This and other important information about our Strategies are contained in our brochure, which can be obtained by calling (941) 504-1842 or emailing us at raymondcapitaladvisors@gmail.com.