9/1/16

Chicken Little Portfolio Performance August 2016

In August 2016, the Chicken Little Portfolio lost 0.65% while the Dow Jones Industrial Average gained 0.25%.

August 2016 performance


Aug 20162016 YTDSince Inception (3/31/2016)
Chicken Little-0.65%6.14%3.49%
Dow Jones Industrials0.25%7.42%7.13%

Chicken Little Lost 0.65% in August because of a modest decline in the price of long-term US Treasury bonds. August was a sleeper of a month with small moves in all asset markets. Gold lost over 3% in the month, but has gained over 20% so far in 2016. 

AssetSymbolAug 2016YTD 2016
Dow Jones IndustrialsDIA0.25%7.42%
Non-US StocksEFA0.57%1.37%
Emerging Market StocksEEM0.83%14.31%
US Long-Term Treasury BondsTLT-1.02%17.48%
GoldGLD-3.26%22.98%

Financial markets have been eerily calm recently. The daily moves have been among the lowest in decades. Other measures of risk (e.g, the Vix) are close to all-time lows. Chicken Little continues to believe that an historic storm approaches.  

September 2016 portfolio positions

As of September 1, 2016 the Chicken Little Portfolio remains ready for a global, deflationary depression. Chicken Little is heavily invested in US Treasuries and cash. There was no substantial change in the Chicken Little Portfolio during August 2016. 







Previous month's report                           Subsequent Month's report


No comments :

Post a Comment