House of Cards

With U.S. economic growth slowing and profits falling, our Federal Reserve is between a rock and a hard place.  Just six months ago, they expected a more robust economy and indicated four interest rate hikes for 2016. But that was quickly reduced to just two hikes...

A Bug Looking for a Windshield

China enjoyed tremendous GDP growth for many years as the country constructed vast cities and built highways to connect them.  Unfortunately, many of the cities and roads are empty – currently rendering these assets useless – and no income is being...

Sell in May and Go Away

The second-longest bull market for U.S. stocks continues to struggle.  Since last summer, the market has twice dropped over 10%.  Although the market rallied back on both occasions, it still finds itself below its May 2015 high.  Even that high was reached by...