No investment advice
The information on these websites, including research reports, commentary, charts and any other material (the “Content”), is published by Carno Capital and its subsidiary Carno Research (together, “Carno,” “we,” “us”) for general information only. The Content is not, and must not be read as, investment, financial, legal, tax or accounting advice, or a recommendation to buy, sell or hold any security, futures contract, option or other financial instrument, or to adopt any investment strategy.
No offer or solicitation
Nothing on these websites is an offer to sell, or a solicitation of an offer to buy, any security, interest in any fund, account or investment vehicle, or any investment advisory or other service. We do not solicit investments from the public through these websites. The Content is not directed to any person in any jurisdiction where its publication or availability would be contrary to law or regulation.
No advisory or fiduciary relationship
We do not know your financial situation, objectives or tolerance for risk, and the Content does not take them into account. We do not provide personalized advice and are not acting as your investment adviser, broker, dealer, commodity trading advisor or fiduciary. Visiting these websites, reading any Content or contacting us creates no such relationship. Before making any investment decision, consult a qualified, licensed professional who knows your circumstances.
Risk of loss
Trading and investing in securities, options, futures and other derivatives involve substantial risk, including the risk of losing more than the amount invested, and are not suitable for every investor. Leverage magnifies both gains and losses. Markets can move quickly and against any position. You alone are responsible for your investment decisions and for their results.
Past performance and hypothetical results
Past performance is not indicative of future results. Any hypothetical, simulated or back-tested result has inherent limitations: it is prepared with the benefit of hindsight, does not reflect actual trading, and may not account for the impact of fees, commissions, slippage, liquidity or other market factors. No representation is made that any account will, or is likely to, achieve results similar to any shown.
Research reports
Market outlook, research and technical reports reflect the views of their authors as of the date of publication. Those views may change without notice, and we have no obligation to update or correct a report after it is published. Technical analysis, forecasts and scenarios are inherently uncertain and may prove wrong. A report may not be suitable for your investment objectives, and it should not be relied on as the basis for any decision.
Our positions and conflicts of interest
Carno Capital, Carno Research, their principals, employees and affiliates may hold long or short positions in, and may buy or sell, any instrument discussed in the Content, before or after its publication, and may act in a manner inconsistent with any view expressed. We are not required to disclose our positions or trading.
Forward-looking statements
Statements about future market conditions, prices or events are forward-looking. They involve risks and uncertainties, and actual outcomes may differ materially from those expressed or implied.
Accuracy and third-party information
The Content may rely on data and information from third parties that we believe to be reliable, but we do not guarantee its accuracy, completeness or timeliness. The Content is provided “as is” and “as available,” without warranties of any kind, express or implied.
Limitation of liability
To the fullest extent permitted by law, Carno Capital, Carno Research and their principals, employees and affiliates will not be liable for any direct, indirect, incidental, consequential or other loss or damage arising from the use of, or reliance on, any Content, including any trading or investment loss.
Terms, privacy and contact
Your use of these websites is governed by our Terms of Use and Privacy Policy, which are incorporated into these disclosures. Questions about these disclosures can be sent to legal@carnocapital.com.