Views expressed are not necessarily those of Raymond James & Associates and are subject to change without notice. Information provided is general in nature, and is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or solicitation to buy or sell and security. Past performance is not indicative of future results. There is no assurance these trends continue or that forecasts mentioned will occur. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The S&P 500 is an unmanaged index of 500 widely held stocks. It is not possible to invest directly in an index. Investing in small and mid cap stocks are riskier investments which include price volatility, less liquidity and the threat of competition. International investing involves additional risks such as currency fluctuations, differing financial accounting standards, and possible political and economic instability. These risks are greater in emerging markets. Dividends are not guaranteed and will fluctuate. The price of gold has been subject to dramatic price movements over short periods of time and may be affected by elements such as currency devaluation or revaluations, economic conditions within an individual country, trade imbalances, or trade or currency restrictions between countries. As a result, the market prices of securities of companies mining or processing gold may also be affected. Companies engaged in business related to a specific sector are subject to fierce competition and their products and services may be subject to rapid obsolescence. There are additional risks associated with investing in an individual sector, including limited diversification. Raymond James & Associates, Inc., Member New York Stock Exchange/SIPC. Raymond James & Associates, Inc., New York Stock Exchange, makes a market in Citrix.