Raymond James Financial Inc. is a diversified financial services company. The company's businesses provide capital markets, asset management, private client, banking, and other services to individuals, corporations, and municipalities. The company was founded in 1962 and went public in 1983. RJF has over 8,900 advisers and total client assets of over $1.8 trillion. It is headquartered in St. Petersburg, Florida.

The FOMC kept the fed funds target rate at 3.5% to 3.75% on Wednesday, but there were three dissenting votes from members who pushed for a hike. The probability of a 25-basis-point hike at the September 16 meeting jumped to 63% from 56%, which doesn't seem like a big deal. But investors didn't like it and the market cascaded lower in the last hour of trading. The S&P 500 hit an intraday high of 7,451 around 3:00 pm -- but it was straight down from there. The index fell 1.5% on the day. But, more importantly, it broke down from its triangle. The QQQ fell 2% and broke its triangle on July 17. Investors also disliked the almost-7% rebound in WTI, moving it back up to $84.60/barrel while Brent jumped almost 8% to $90.50/barrel. The continued carnage in chip stocks also didn't help market sentiment, as second-quarter results from South Korean memory-chip giant SK Hynix (SKHY) failed to exceed lofty expectations. The stock recently started trading in the U.S. with an IPO price at $149. SKHY blasted to an intraday high of $195 on July 14 and finished the session on Wednesday at $127. The VanEck Semi ETF (SMH $504) declined almost 5% and has given back 25% since its June 22 closing high. The next piece of support is a 61.8% retracement of the April-June rally, which targets $478. The rising 200-day will be near $460 in a couple of weeks. Despite the depth of the de-cline, the ETF still has not cycled into daily oversold territory. But it is getting close, with the 14-day relative strength index at 33%. The SMH could lose its 21-week exponential for the first time since February 2025, having been above this key average since May 2025.

Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalog of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenue and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives more than 90% of its revenue and an even larger percentage of its operating income from the United States.

Raymond James Financial is a diversified financial services firm that provides wealth management, investment banking, asset management, and capital markets services to individuals, corporations, and municipalities. The firm maintains an extensive catalog of products and services across its business lines. However, the wealth management franchise generates the bulk of its revenue and earnings through a vast network of more than 8,900 independent and employee-affiliated advisors, who collectively managed over $1.7 trillion in client assets as of fiscal year-end 2025. While Raymond James maintains a global footprint, the company derives more than 90% of its revenue and an even larger percentage of its operating income from the United States.