The Long-Trading Portfolio took it on the chin last week, falling more than 3% versus a nearly 30 basis point decline on the market. The decline was mainly predicated on the fall in the coal stocks, being high beta, partially offset by gains in the gold miner ETF purchase. The chart below shows the performance of the portfolio (blue line) versus the S&P 500 (green) and NASDAQ (brown).
Last week's decline left the portfolio off 10% year-to-date, or more 16% relative to the market. Since inception, the portfolio has gained 1.7% for a 3.7% relative loss to the market over the same time period.
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