The Long Trading Portfolio- which as a reminder tracks any long ideas I may post and suggest on this site- took on the chin this week. This can be seen in the below chart, tracking the performance of the portfolio (blue line) the S&P 500 (green) and the NASDAQ (brown).
For the latest week, the portfolio declined by more than 5 percentage points, as the coal companies (both Arch Coal and Alpha Natural) took it on the chin. On a relative basis, it underperformed the S&P 500 by a wide margin, as the market gained nearly 40 basis points (bps). Since inception, the portfolio's performance remains positive with a gain of 10.2%, or 8.1% relative to the market, but is down relative to the market by 590 bps so far this year.
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