7/14/21

June 2021, Chicken Little Portfolio Performance

The Bull market continues without pause. Chicken Little remains in cash. Risk-takers make money, chickens make nothing. 

A Lot of Bull


June 2021 performance

The Dow Jones Industrial Average slipped 0.06% in June 2021 while the Chicken Little portfolio advanced 0.38%

June 2021YTD 2021
Chicken Little0.38%6.21%
Dow Jones Industrials-0.06%13.69%

Stocks around the world tread water in June 2021. Long-term treasuries rallied over 5% while gold and bitcoin fell. Bitcoin remains the best performer year to date, but has had three losing months in a row. 

AssetSymbolJune 2021YTD 2021
Dow Jones IndustrialsDIA-0.06%13.69%
Non-US StocksEFA-1.05%9.62%
Emerging Market StocksEEM0.95%7.20%
US Long-Term BondsTLT5.05%-7.31%
GoldGLD-7.15%-7.14%
BitcoinBTC-6.06%21.34%

The Fed Ruins everything, even safety trades.

Every asset looks overvalued to Chicken Little. Low interest rates induce people to take financial risks. Stocks, bonds, and real estate all look pricey to this Chicken's eye.

Even the 'safety' trades have been inflated by the Fed's loose monetary policy. Chicken little likes a non-fiat currency store of money (see Thomas Kuhn & Crypto post). However, it is hard to tell how much of cryptos' price is foam and how much is liquid.  

Crypto is frothy, like other markets 

July 2021 Portfolio Position

Chicken Little is hiding in cash with a small repurchase of crypto in the month. Also moved some cash into Treasury Notes - no other changes this month. Still waiting for the apocalypse. 



Previous month's report                 Subsequent Month's report


Chicken LittleDow Jones Industrials
2021 (through June)6.21%13.69%
20208.04%9.27%
20199.03%24.82%
20181.27%-3.63%
20174.57%27.72%
2016-1.92%16.08%
2015 (April through Dec)-2.49%-0.27%
since inception (3/31/15)26.71%120.95%

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