July 2019 Chicken Little Portfolio Performance

July 2019 was a financial calm before the coming storm. Asset markets of all sorts barely moved in July. Underneath this placid performance, trouble lurks in the form of too much debt and a looming financial depression. 

Danger below

July 2019 performance

The Chicken Little Portfolio lost 0.20% in July while the Dow Jones Industrial Average gained just over 1%.    

July 2019YTD 2019
Chicken Little-0.20%6.93%
Dow Jones Industrials1.08%16.47%

July was a quiet month. US stocks rose 1%, non-US stocks lost 2%, gold and treasuries were flat. Bitcoin gave back a tiny bit of its massive gains. 

2019, through the end of July, remained a period of easy money. Every asset rising in price. The only way to lose money, so far in 2019, has been not to invest. 

This soft and forgiving environment is unlikely to continue. 

AssetSymbolJuly 2019YTD 2019
Dow Jones IndustrialsDIA1.08%16.47%
Non-US StocksEFA-1.91%11.99%
Emerging Market StocksEEM-2.64%7.73%
US Long-Term BondsTLT0.45%10.68%

August 2019 portfolio positions

The Chicken Little Portfolio remains prepared for a deflationary depression. The portfolio has a modest cryptocurrency beachhead, a pile of cash, and some Treasury bonds.  

Previous month's report                 Subsequent Month's report

Chicken LittleDow Jones Industrials
2019 (through July)6.93%16.47%
2015 (April through Dec)-2.49%-0.27%
since inception (3/31/15)8.29%65.95%

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