Apple is the word this week. Apple's stock was the predominate reason the the Short-Trading Portfolio gained 1.6% this week or 50 basis points relative to market. The remainder of the short recommendation/holdings in the portfolio had mainly frictional gains or losses. The gain from AAPL is evident in the chart below.
The portfolio's performance remains below the S&P 500 (green line) but has slightly eclipsed the NASDAQ (brown line) in the week. Year-to-date, the portfolio has lost 2.1% versus the 5.4% gain on the market. Since inception, the portfolio is up just 80 basis points for a loss of 2.1% relative to the market over a similar time frame.
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