February 2023, Chicken Little Portfolio Performance

Rising interest rates will crush the economy and risky assets. This has been my belief for years, and now it is coming true. Look out below. 

Interest rates will crush speculation

February 2023 performance

Chicken Little was flat in February 2023 while the The Dow Jones Industrial Average lost 3.87%. Year to date, chicken little has lost 21 basis points while the dow is down a bit more than 1%

	Feb '23	YTD
Chicken Little	0.00%	-0.21%
Dow Jones Industrials	-3.87%	-1.19%

February 2023 was a negative month for most major asset classes. Interest rates rose dramatically. Stocks, bonds, and gold lost between 3-7% in the month. Very short-term treasury bills and crypto treaded water.  

Asset	Symbol	Feb '23	YTD
Dow Jones Industrials	DIA	-3.87%	-1.19%
Non-US Stocks	EFA	-3.07%	5.65%
Emerging Market Stocks	EEM	-7.57%	0.87%
US Long-Term Bonds	TLT	-4.84%	2.44%
Gold	GLD	-4.84%	0.08%
Bitcoin	BTC	0.43%	40.18%

March 2023 portfolio position

The Chicken Little Portfolio remains prepared for financial disaster.  The portfolio is 86.25% invested in treasury bills that mature in less than one year - I am labelling that as cash now. 13.75% of the portfolio is invested in treasury bills that mature in early 2025. I am looking for a chance to short stocks again. 

Previous month's report          Subsequent Month's report

	Chicken Little	Dow Jones Industrials
2023 (through February)	-0.21%	-1.19%
2022	-5.88%	-7.06%
2021	5.11%	20.69%
2020	8.04%	9.27%
2019	9.03%	24.82%
2018	1.27%	-3.63%
2017	4.57%	27.72%
2016	-1.92%	16.08%
2015 (April through Dec)	-2.49%	-0.27%
since inception (3/31/15)	17.77%	115.41%