The easy money has been made in the stock market. Do you want to be the last person at the party when the lights go off and the fun is over? As a former Wall Street money manager with 22 years of experience and deep understanding of the markets, I provide an in depth look at risks facing the average American.

There are new reasons to be concerned about your investments. Why it may get worse for the equity markets from here. 1) China continues to weaken. The "Trade War" gets most of the press and that doesn't help, but the bigger issue is China is at the tail end of massive debt fueled stimulus 2) Central Banks also at tail end with now > $22 Trillion sitting on global balance sheets. We saw what happened when only a bit got unwound. What happens when more comes? 3) Y/Y Earnings Growth will slow from this pace in a big way and multiples are compressing given uncertainty in Washington and elsewhere. 4) Fiscal Stimulus also largely over after massive tax cut fueled buybacks. Repatriation demand largely over. 5) U.S. Consumer sitting with record high credit card, auto, student loan, cell-phone and other debt. 40% of Americans have less than $200 in their bank account. The U.S. Consumer on last legs. 6) Real Estate market seems to be showing softening for the first time in years.