important: Trading in futures and options on futures involves substantial risk of loss and is not suitable for every investor. The valuation of these instruments may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. In no event should the content of this correspondence be construed as an express or implied promise, guarantee or implication that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Consult advisors' disclosure documents for detailed information on programs’ risks, performance, drawdowns, and fees.