The Short-Trading portfolio took it on the chin in the most recently ended week, due largely to the euphoria surround the resolution(?) of the fiscal cliff. For the most recently completed week, the Short-trading portfolio fell by more than 4 percentage points. This compares to the market's return of 4.6%, more than 800 basis point swing. The losses in the portfolio were essentially across the board with the mortgage REIT names, Apple, the NASDAQ, and others all seeing losses. The short gold position saw gains in the week. The below chart shows the change in value of the Short-trading portfolio (blue line) versus the S&P 500 (green) and the NASDAQ (brown).
Year-to-date, the portfolio has underperformed the market by almost 700 basis points, losing some 2.4 percentage points since the beginning of the year. Since inception, the portfolio is up just 50 basis points, a deficit to the S&P 500's return of 1.5% over the same time period.
Year-to-date, the portfolio has underperformed the market by almost 700 basis points, losing some 2.4 percentage points since the beginning of the year. Since inception, the portfolio is up just 50 basis points, a deficit to the S&P 500's return of 1.5% over the same time period.
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