The Wax Ink Portfolio was down 0.6% for the week. By comparison, the Dow was down 0.1%, the Nasdaq was down 0.6%, the S&P 500 was down 0.5%, the Russell 2000 was down 0.4%, and the Volatility Index, commonly known as the VIX, was down 0.2%.
Year to date, the Wax Ink portfolio is down 1.2%, the Dow is down 0.6%, the Nasdaq is down 1.1%, the S&P 500 is down 0.9%, the Russell 2000 is down 0.7%, and the VIX is up 0.3%.
The portfolio breakdown remains roughly 67% equities, 33% cash, and 0% bonds.
This week's darlings of the portfolio were heavy industry constructor Layne Christensen Company (Nasdaq: LAYN), up 3%, cylinder maker Worthington Industries (NYSE: WOR), up 2%, and small tool maker The L.S. Starrett Company (NYSE: SCX) was up 2%.
This week's portfolio smellers were airplane repair company AAR Corporation (NYSE: AIR), down 6%, container maker Myers Industries (NYSE: MYE), down 5%, and cigarette papers maker Schweitzer-Maudit International (NYSE: SWM), down 2%.
This week's straining to go stocks remain garage door and telephone headset maker Griffon Corporation (NYSE: GFF), down 23% since being added to the portfolio, and municipal/industrial construction company Layne Christensen (Nasdaq: LAYN), down 17% since being added to the portfolio.
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Disclosure: I am long LAYN, WOR, SCX, AIR, MYE, SWM, GFF.