The bear market case is getting existential. How long will we have to wait for the bone-crushing financial depression?
January 2023 performance
Chicken Little lost 0.22% in December 2022 while the The Dow Jones Industrial Average gained 2.79%.
January 2023, was a giddy time to take financial risk. Many cryptocurrencies doubled in the month, and every asset class including bonds, global stocks, bitcoin and gold saw strong gains. The only way to lose was to be in cash, or to bet against any asset.
February 2023 portfolio position
The Chicken Little Portfolio remains prepared for financial disaster. The portfolio was stopped out of its short equity position so now is left entirely in Treasury Bills. A true chicken's position. Waiting for Godot indeed.