6/9/22

May 2022, Chicken Little Portfolio Performance

 The Piper will be paid, the sky is falling, wolf.


What is the chance the coming financial crisis will be greater than the 'Great Depression' of the 1930s? With certainty, the odds are greater than zero. Chicken Little thinks that probability approaches 100%. A financial crisis looms of a magnitude that no one alive has endured. The Fed created the crisis; we are going to pay.

Hooverville, Central Park, NY 1932


May 2022 performance
The Dow Jones Industrial Average gained 0.38% in May 2022 while the Chicken Little portfolio gained 0.10%. Year to date, Chicken Little has lost 1.27%, while the Dow has lost over 8%

May 2022YTD 2022
Chicken Little0.10%-1.27%
Dow Jones Industrials0.38%-8.45%


May 2022 was a neutral month for stocks around the world. The 'safety' trades of long-term US treasuries and gold slipped. Bitcoin lost over 17% in the month, bringing its total loss in the year to date to about one-third. 

AssetSymbolMay 2022YTD 2022
Dow Jones IndustrialsDIA0.38%-8.45%
Non-US StocksEFA2.00%-11.02%
Emerging Market StocksEEM0.61%-12.71%
US Long-Term BondsTLT-2.24%-20.81%
GoldGLD-3.26%0.11%
BitcoinBTC-17.46%-32.58%


June 2022 portfolio position

The Chicken Little Portfolio remains prepared for financial disaster. No significant trades in the month of May for Chicken Little; just waiting for the sky to fall. The portfolio's only risky asset is a small, underweight position in long-term US Government bonds, with portfolio protection in the form of being short stocks.  
 




Previous month's report             Subsequent Month's report

Chicken LittleDow Jones Industrials
2022 (through May)-1.27%-8.45%
20215.11%20.69%
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)23.81%114.74%

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