Despite the market continuing to increase, albeit a mere 13 basis points, the Short-Trading Portfolio was able to come out ahead of the S&P 500 for the week, as the portfolio gained 1.4%. Since inception, the portfolio has gained 3.1%, or beating the market by 4.9 percentage points. The below chart shows the track of the portfolio (dark blue) versus both the S&P 500 (green) and the NASDAQ (brown).
On the week, the better performance was primarily on gains in the Apple (ticker AAPL) trade and the continued short exposure to oil. These and other gains were only partially offset by losses in Financial Sector Spider (ticker XLF) and a number smaller positions in mortgage REITs.
On the week, the better performance was primarily on gains in the Apple (ticker AAPL) trade and the continued short exposure to oil. These and other gains were only partially offset by losses in Financial Sector Spider (ticker XLF) and a number smaller positions in mortgage REITs.
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