Market Update - February 2022

Any opinions are those of Sandford Family and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information being provided does not purport to be a complete description of the securities, markets, or developments referred to in this material, nor is it a recommendation. Investing involves risk and investors may incur a profit or a loss. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Diversification does not ensure a profit or guarantee against a loss. Past performance is not a guarantee of future results. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor.