The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Accenture PLC SHS CLASS A G1151C101 669 2,269 SH   SOLE   2,269 0 0
Adobe Inc. COM 00724F101 6,901 11,784 SH   SOLE   11,784 0 0
AFLAC Inc. COM 001055102 5,421 101,028 SH   SOLE   101,028 0 0
Air Lease Corp. CL A 00912X302 201 4,811 SH   SOLE   4,811 0 0
Air Transport Services Group I COM 00922R105 1,748 75,259 SH   SOLE   75,259 0 0
Ally Financial Inc COM 02005N100 4,226 84,795 SH   SOLE   84,795 0 0
Alphabet Inc. Cl A CAP STK CL A 02079K305 18,169 7,441 SH   SOLE   7,441 0 0
Amcor PLC ORD G0250X107 4,468 389,877 SH   SOLE   389,877 0 0
American Equity Investment Lif COM 025676206 4,589 141,996 SH   SOLE   141,996 0 0
Ameris Bancorp COM 03076K108 250 4,936 SH   SOLE   4,936 0 0
Amkor Technology Inc. COM 031652100 333 14,088 SH   SOLE   14,088 0 0
Antero Midstream Corp. COM 03676B102 382 36,777 SH   SOLE   36,777 0 0
Anthem Inc COM 036752103 5,025 13,161 SH   SOLE   13,161 0 0
Apple Inc. COM 037833100 8,180 59,728 SH   SOLE   59,728 0 0
Applied Materials Inc. COM 038222105 15,651 109,909 SH   SOLE   109,909 0 0
ArcelorMittal SA ADR NY REGISTRY SH 03938L203 3,136 100,955 SH   SOLE   100,955 0 0
Arrow Electronics Inc. COM 042735100 2,862 25,140 SH   SOLE   25,140 0 0
ASGN Inc. COM 00191U102 5,227 53,921 SH   SOLE   53,921 0 0
Associated Banc-Corp COM 045487105 246 12,025 SH   SOLE   12,025 0 0
Athene Holding Ltd. Class A CL A G0684D107 5,387 79,810 SH   SOLE   79,810 0 0
Atlas Air Worldwide Holdings COM NEW 049164205 3,508 51,509 SH   SOLE   51,509 0 0
AutoNation Inc. COM 05329W102 3,443 36,316 SH   SOLE   36,316 0 0
BancorpSouth Bank COM 05971J102 208 7,351 SH   SOLE   7,351 0 0
Berry Global Group Inc COM 08579W103 3,149 48,286 SH   SOLE   48,286 0 0
Best Buy Co. Inc. COM 086516101 3,015 26,220 SH   SOLE   26,220 0 0
BHP Billiton Ltd. ADS SPONSORED ADS 088606108 614 8,437 SH   SOLE   8,437 0 0
CACI International Inc. (Cl A) CL A 127190304 384 1,507 SH   SOLE   1,507 0 0
Capital One Financial Corp. COM 14040H105 6,938 44,851 SH   SOLE   44,851 0 0
Centene Corp. COM 15135B101 7,470 102,423 SH   SOLE   102,423 0 0
Charles River Laboratories Int COM 159864107 514 1,390 SH   SOLE   1,390 0 0
Ciena Corp. COM NEW 171779309 314 5,526 SH   SOLE   5,526 0 0
Cigna Corporation COM 125523100 3,683 15,536 SH   SOLE   15,536 0 0
Cisco Systems Inc. COM 17275R102 606 11,429 SH   SOLE   11,429 0 0
Citizens Financial Group, Inc. COM 174610105 421 9,172 SH   SOLE   9,172 0 0
CNO Financial Group Inc. COM 12621E103 3,761 159,239 SH   SOLE   159,239 0 0
Comcast Corp. (Cl A) CL A 20030N101 5,277 92,548 SH   SOLE   92,548 0 0
Comfort Systems USA, Inc. COM 199908104 3,492 44,324 SH   SOLE   44,324 0 0
Communication Services Select COMMUNICATION 81369Y852 1,398 17,267 SH   SOLE   17,267 0 0
Concentrix Corporation COM 20602D101 8,159 50,740 SH   SOLE   50,740 0 0
Consumer Discretionary Select SBI CONS DISCR 81369Y407 1,432 8,018 SH   SOLE   8,018 0 0
CRH PLC (ADS) ADR 12626K203 393 7,730 SH   SOLE   7,730 0 0
CVS Health Corp. COM 126650100 3,883 46,541 SH   SOLE   46,541 0 0
D.R. Horton Inc. COM 23331A109 8,119 89,846 SH   SOLE   89,846 0 0
Dell Technologies Inc. Class C CL C 24703L202 2,988 29,981 SH   SOLE   29,981 0 0
Diodes Inc. COM 254543101 341 4,277 SH   SOLE   4,277 0 0
Direxion Daily S&P500 Bear 1X DLY S&P500 BR 1X 25460E869 19,119 1,208,505 SH   SOLE   1,208,505 0 0
Dollar General Corp. COM 256677105 11,436 52,847 SH   SOLE   52,847 0 0
Dollar Tree Inc. COM 256746108 4,674 46,971 SH   SOLE   46,971 0 0
Enbridge Inc. COM 29250N105 268 6,695 SH   SOLE   6,695 0 0
Encompass Health Corporation COM 29261A100 4,793 61,423 SH   SOLE   61,423 0 0
Evercore Inc. (Cl A) CLASS A 29977A105 6,827 48,498 SH   SOLE   48,498 0 0
F.N.B. Corporation COM 302520101 266 21,602 SH   SOLE   21,602 0 0
Facebook, Inc. CL A 30303M102 8,114 23,335 SH   SOLE   23,335 0 0
FedEx Corp. COM 31428X106 3,891 13,041 SH   SOLE   13,041 0 0
Fidelity MSCI Financials Index MSCI FINLS IDX 316092501 646 12,332 SH   SOLE   12,332 0 0
Fidelity MSCI Industrial Index MSCI INDL INDX 316092709 354 6,521 SH   SOLE   6,521 0 0
Fidelity MSCI Materials Index MSCI MATLS INDEX 316092881 646 13,971 SH   SOLE   13,971 0 0
Financial Select Sector SPDR F SBI INT-FINL 81369Y605 401 10,932 SH   SOLE   10,932 0 0
Flagstar Bancorp Inc Com COM PAR .001 337930705 2,598 61,458 SH   SOLE   61,458 0 0
Fresenius Medical Care AG & Co SPONSORED ADR 358029106 2,334 56,144 SH   SOLE   56,144 0 0
Goldman Sachs Group Inc. COM 38141G104 13,316 35,086 SH   SOLE   35,086 0 0
Graphic Packaging Holding Co. COM 388689101 5,158 284,339 SH   SOLE   284,339 0 0
Group 1 Automotive Inc. COM 398905109 2,669 17,280 SH   SOLE   17,280 0 0
HCA Healthcare Inc COM 40412C101 10,716 51,835 SH   SOLE   51,835 0 0
Home Depot Inc. COM 437076102 3,748 11,752 SH   SOLE   11,752 0 0
HP Inc. COM 40434L105 3,310 109,645 SH   SOLE   109,645 0 0
Hub Group Inc (Cl A) CL A 443320106 2,781 42,147 SH   SOLE   42,147 0 0
Humana Inc. COM 444859102 7,672 17,329 SH   SOLE   17,329 0 0
Insight Enterprises COM 45765U103 4,851 48,510 SH   SOLE   48,510 0 0
Insperity, Inc. COM 45778Q107 3,760 41,609 SH   SOLE   41,609 0 0
Intel Corp. COM 458140100 474 8,448 SH   SOLE   8,448 0 0
International Paper Co. COM 460146103 5,633 91,870 SH   SOLE   91,870 0 0
Invesco CurrencyShares British BRIT POUN STRL 46138M109 1,163 8,718 SH   SOLE   8,718 0 0
Invesco CurrencyShares Canadia CDN DLR SHS 46138T104 218 2,760 SH   SOLE   2,760 0 0
Invesco CurrencyShares Euro Tr EURO SHS 46138K103 4,605 41,555 SH   SOLE   41,555 0 0
Invesco CurrencyShares Japanes JAPANESE YEN 46138W107 15,280 180,339 SH   SOLE   180,339 0 0
Invesco MSCI Global Timber ETF MSCI GBL TIMBR 46138E545 244 6,519 SH   SOLE   6,519 0 0
Investors Bancorp Inc. COM 46146L101 270 18,934 SH   SOLE   18,934 0 0
iShares 1-3 Year Treasury Bond 1 3 YR TREAS BD 464287457 2,455 28,493 SH   SOLE   28,493 0 0
iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432 1,598 11,070 SH   SOLE   11,070 0 0
iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 283 3,783 SH   SOLE   3,783 0 0
iShares DJ US Broker Dealers I US BR DEL SE ETF 464288794 872 8,545 SH   SOLE   8,545 0 0
iShares DJ US Home Constructio US HOME CONS ETF 464288752 502 7,254 SH   SOLE   7,254 0 0
iShares Edge MSCI USA Quality USA QUALITY FCTR 46432F339 217 1,635 SH   SOLE   1,635 0 0
iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 13,748 270,532 SH   SOLE   270,532 0 0
iShares Gold Trust ISHARES 464285204 9,339 277,047 SH   SOLE   277,047 0 0
iShares International Treasury INTL TREA BD ETF 464288117 20,536 393,039 SH   SOLE   393,039 0 0
iShares MBS ETF MBS ETF 464288588 6,658 61,517 SH   SOLE   61,517 0 0
iShares S&P 500 Growth Index F S&P 500 GRWT ETF 464287309 258 3,550 SH   SOLE   3,550 0 0
iShares S&P Small Cap 600 Inde CORE S&P SCP ETF 464287804 251 2,220 SH   SOLE   2,220 0 0
iShares TIPS Bond ETF TIPS BD ETF 464287176 14,034 109,630 SH   SOLE   109,630 0 0
iShares U.S. Healthcare Provid US HLTHCR PR ETF 464288828 957 3,591 SH   SOLE   3,591 0 0
Jefferies Financial Group Inc. COM 47233W109 3,083 90,140 SH   SOLE   90,140 0 0
Juniper Networks Inc. COM 48203R104 278 10,155 SH   SOLE   10,155 0 0
KB Home COM 48666K109 3,095 76,000 SH   SOLE   76,000 0 0
KLA Corporation COM NEW 482480100 6,930 21,376 SH   SOLE   21,376 0 0
Korn Ferry International COM NEW 500643200 4,111 56,667 SH   SOLE   56,667 0 0
Laboratory Corp. of America Ho COM NEW 50540R409 3,689 13,372 SH   SOLE   13,372 0 0
Lam Research Corp. COM 512807108 20,906 32,129 SH   SOLE   32,129 0 0
LaZBoy Incorporated COM 505336107 2,526 68,207 SH   SOLE   68,207 0 0
Lennar Corp. (Cl A) CL A 526057104 5,938 59,766 SH   SOLE   59,766 0 0
LKQ Corp. COM 501889208 5,544 112,647 SH   SOLE   112,647 0 0
Logitech International S.A. SHS H50430232 3,382 27,973 SH   SOLE   27,973 0 0
Louisiana-Pacific Corp. COM 546347105 3,468 57,521 SH   SOLE   57,521 0 0
LPL Financial Holdings Inc. COM 50212V100 453 3,357 SH   SOLE   3,357 0 0
Lumentum Holdings, Inc. COM 55024U109 283 3,456 SH   SOLE   3,456 0 0
ManpowerGroup Inc. COM 56418H100 4,566 38,398 SH   SOLE   38,398 0 0
ManTech International Corp. (C CL A 564563104 278 3,208 SH   SOLE   3,208 0 0
Manulife Financial Corp. COM 56501R106 4,908 249,148 SH   SOLE   249,148 0 0
Martin Marietta Materials Inc. COM 573284106 347 985 SH   SOLE   985 0 0
Marvell Technology Inc. COM 573874104 511 8,755 SH   SOLE   8,755 0 0
MasTec Inc. COM 576323109 5,159 48,624 SH   SOLE   48,624 0 0
Mastercard Inc. Cl A CL A 57636Q104 8,001 21,915 SH   SOLE   21,915 0 0
Materials Select Sector SPDR F SBI MATERIALS 81369Y100 212 2,575 SH   SOLE   2,575 0 0
Medpace Holdings, Inc. COM 58506Q109 394 2,233 SH   SOLE   2,233 0 0
Meritage Homes Corp. COM 59001A102 4,183 44,459 SH   SOLE   44,459 0 0
MetLife Inc. COM 59156R108 5,675 94,815 SH   SOLE   94,815 0 0
Microsoft Corp. COM 594918104 18,645 68,827 SH   SOLE   68,827 0 0
MKS Instruments Inc. COM 55306N104 7,026 39,484 SH   SOLE   39,484 0 0
Mohawk Industries Inc. COM 608190104 4,595 23,911 SH   SOLE   23,911 0 0
Molina Healthcare Inc. COM 60855R100 386 1,526 SH   SOLE   1,526 0 0
Morgan Stanley COM NEW 617446448 11,742 128,063 SH   SOLE   128,063 0 0
MSC Industrial Direct Co. Cl A CL A 553530106 1,874 20,884 SH   SOLE   20,884 0 0
Netgear Inc COM 64111Q104 258 6,720 SH   SOLE   6,720 0 0
O-I Glass Inc COM 67098H104 2,648 162,129 SH   SOLE   162,129 0 0
OneMain Holdings, Inc. COM 68268W103 4,096 68,368 SH   SOLE   68,368 0 0
PennyMac Financial Services, I COM 70932M107 2,240 36,291 SH   SOLE   36,291 0 0
Penske Automotive Grp Inc Com COM 70959W103 3,596 47,630 SH   SOLE   47,630 0 0
PNC Financial Services Group I COM 693475105 554 2,903 SH   SOLE   2,903 0 0
PRA Health Sciences, Inc. COM 69354M108 353 2,138 SH   SOLE   2,138 0 0
Premier Inc. Class A CL A 74051N102 1,807 51,949 SH   SOLE   51,949 0 0
ProShares Short Russell2000 SHRT RUSSELL2000 74348A210 9,613 458,655 SH   SOLE   458,655 0 0
PulteGroup Inc. COM 745867101 7,488 137,222 SH   SOLE   137,222 0 0
Quest Diagnostics Inc. COM 74834L100 2,685 20,346 SH   SOLE   20,346 0 0
Raymond James Financial Inc COM 754730109 6,108 47,024 SH   SOLE   47,024 0 0
Rent-A-Center Inc. COM 76009N100 3,064 57,730 SH   SOLE   57,730 0 0
Rio Tinto PLC ADS SPONSORED ADR 767204100 614 7,324 SH   SOLE   7,324 0 0
Robert Half International Inc. COM 770323103 5,603 62,978 SH   SOLE   62,978 0 0
Santander Consumer USA Holding COM 80283M101 3,622 99,724 SH   SOLE   99,724 0 0
Sealed Air Corp. COM 81211K100 6,412 108,212 SH   SOLE   108,212 0 0
Simmons First National Corpora CL A $1 PAR 828730200 224 7,644 SH   SOLE   7,644 0 0
Skyworks Solutions Inc COM 83088M102 590 3,077 SH   SOLE   3,077 0 0
SolarEdge Technologies, Inc. COM 83417M104 11,469 41,497 SH   SOLE   41,497 0 0
Sonoco Products Company COM 835495102 5,544 82,871 SH   SOLE   82,871 0 0
Sony Group Corp. ADR SPONSORED ADR 835699307 2,911 29,944 SH   SOLE   29,944 0 0
SPDR Barclays International Co BLOMBRG BRC INTL 78464A151 4,450 122,603 SH   SOLE   122,603 0 0
SPDR Barclays Short Term High BLOOMBERG SRT TR 78468R408 13,432 487,019 SH   SOLE   487,019 0 0
SPDR Bloomberg Barclays Intern BLOMBERG INTL TR 78464A516 7,369 251,067 SH   SOLE   251,067 0 0
SPDR Gold Trust GOLD SHS 78463V107 27,451 165,738 SH   SOLE   165,738 0 0
SPDR S&P Homebuilders ETF S&P HOMEBUILD 78464A888 225 3,073 SH   SOLE   3,073 0 0
SPDR S&P Metals & Mining ETF S&P METALS MNG 78464A755 265 6,150 SH   SOLE   6,150 0 0
SPDR S&P Regional Banking ETF S&P REGL BKG 78464A698 629 9,593 SH   SOLE   9,593 0 0
SPDR S&P Retail ETF S&P RETAIL ETF 78464A714 228 2,345 SH   SOLE   2,345 0 0
SPDR S&P Semiconductor ETF S&P SEMICNDCTR 78464A862 282 1,467 SH   SOLE   1,467 0 0
Stifel Financial Corp. COM 860630102 5,921 91,286 SH   SOLE   91,286 0 0
Syneos Health, Inc. Class A CL A 87166B102 347 3,880 SH   SOLE   3,880 0 0
SYNNEX Corp. COM 87162W100 6,178 50,740 SH   SOLE   50,740 0 0
Target Corp. COM 87612E106 23,759 98,285 SH   SOLE   98,285 0 0
Technology Select Sector SPDR TECHNOLOGY 81369Y803 3,208 21,725 SH   SOLE   21,725 0 0
Telefonaktiebolaget LM Ericsso ADR B SEK 10 294821608 436 34,631 SH   SOLE   34,631 0 0
Ternium S.A. Sponsored ADR SPONSORED ADS 880890108 347 9,033 SH   SOLE   9,033 0 0
T-Mobile US Inc COM 872590104 3,175 21,923 SH   SOLE   21,923 0 0
Toll Brothers Inc. COM 889478103 5,283 91,394 SH   SOLE   91,394 0 0
TRI Pointe Group Inc COM 87265H109 406 18,950 SH   SOLE   18,950 0 0
TriNet Group, Inc. COM 896288107 2,170 29,936 SH   SOLE   29,936 0 0
Triton International Ltd. Clas CL A G9078F107 2,490 47,578 SH   SOLE   47,578 0 0
UBS Group AG (new) SHS H42097107 6,393 416,746 SH   SOLE   416,746 0 0
United Rentals Inc. COM 911363109 6,145 19,263 SH   SOLE   19,263 0 0
UnitedHealth Group Inc. COM 91324P102 11,349 28,341 SH   SOLE   28,341 0 0
Universal Health Services Inc. CL B 913903100 3,523 24,056 SH   SOLE   24,056 0 0
Unum Group COM 91529Y106 4,143 145,864 SH   SOLE   145,864 0 0
Valley National Bancorp COM 919794107 274 20,377 SH   SOLE   20,377 0 0
VanEck Vectors ChinaAMC China CHINAAMC CHINA B 92189F379 3,587 148,917 SH   SOLE   148,917 0 0
Vanguard Short-Term Inflation- STRM INFPROIDX 922020805 27,554 525,736 SH   SOLE   525,736 0 0
Verizon Communications Inc. COM 92343V104 5,248 93,668 SH   SOLE   93,668 0 0
Visa Inc. COM CL A 92826C839 6,753 28,881 SH   SOLE   28,881 0 0
Waters Corp COM 941848103 293 848 SH   SOLE   848 0 0
Wesco International Inc. COM 95082P105 3,343 32,517 SH   SOLE   32,517 0 0
WestRock Co. COM 96145D105 5,485 103,072 SH   SOLE   103,072 0 0
Whirlpool Corp. COM 963320106 3,849 17,656 SH   SOLE   17,656 0 0
Williams-Sonoma Inc. COM 969904101 3,921 24,557 SH   SOLE   24,557 0 0
Wipro Ltd. ADS SPON ADR 1 SH 97651M109 389 49,824 SH   SOLE   49,824 0 0