Bear market operations de-escalate

Chicken Little has reduced the portfolio's short position in stocks. This move reversed the "bear market operations escalate" trade. I am still bearish, but market has not gone down in spite of bad news. Sold the Dow short at 34,550 and covered at 34,500 for no gain or loss. 

Bear market operations are reduced 

March 2022, Chicken Little Portfolio Performance

Historic increase in interest rates

Bond investors have been destroyed in recent weeks. On February 7, 2022, I wrote "paying the piper,' higher interest rates are coming. in the 4+ weeks since that post, interest rates have soared. The bad news is that rates can go a *lot* higher. 

First payments to the Piper (graph from WSJ)