Chicken Little Portfolio Performance March 2016

In March 2016, the Chicken Little Portfolio lost 0.47% while the Dow Jones Industrial Average gained 7.31%.

March 2016 performance

Mar 2016YTD
Chicken Little-0.47% 2.82%
Dow Jones Industrials7.31%1.92%

The Chicken Little Portfolio lost 0.47% in March. The big winners in March were risky assets including stock markets all of the world. The riskier the asset, the higher the return. Chicken Little lost a small amount shorting stocks outside the US.

Interestingly, while risky assets soared in March, there was no significant sell-off in the "safe haven" assets of Treasury bonds and gold. A simple explanation is that with the European Central Bank and the Bank of Japan buying assets at the fastest rate in history, almost all asset prices are being pushed up. 

BOJ & ECB: Gobbling assets @ historic pace
So far in 2016, the biggest winners remain gold and Treasuries.  

AssetSymbolMar 2016YTD 2016
Dow Jones IndustrialsDIA7.31%1.92%
Non-US StocksEFA6.58%-2.66%
Emerging Market StocksEEM12.96%6.40%
US Long-Term BondsTLT-0.09%8.72%

April 2016 portfolio positions

As of April 1, 2016 the Chicken Little Portfolio remains ready for a global, deflationary depression. Chicken Little is heavily invested in US Treasuries, and modestly short US and international stocks. Chicken Little added to the portfolio's short international stock position during the most recent part of the stock market rally. 

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