The Short-Trading Portfolio has been largely treading water for a few weeks now.
The portfolio has largely traded around $10 per share, as calculated by Marketocracy, since the beginning of January. This is in spite of the strength in the overall market. For the week, the portfolio lost 30 basis points versus a nearly 70 basis point gain on the S&P 500. For the year, the portfolio has lost 2.4 percentage points versus a 6.1 percentage point gain on the market. Since inception, the portfolio is down 420 basis points relative to the market, having gained only 50 basis points.
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