Market/Portfolio Happenings

Hello and welcome to this week’s Jones Financial Blog! Our goal at Jones & Associates is to help keep you up to date with interesting current economic/market happenings as well as some proprietary portfolio happenings. Knowledge is power and thought we would share some of ours with you. Enjoy!

All data is for the week ended June 26, 2021

Economic/Market happenings:


  • All major stock indices were in positive territory last week. In the US, the S&P 500 was up 2.76% and the Dow Jones Industrial Index was up 3.44%. The overseas markets were positive as well, with international developed (MSCI EAFE) up 1.51% and emerging markets up 1.42%. (1)

Fixed Income

  • The 10-year US treasury rate rose 9 basis points in the last week, closing at 1.54%. As a result, bond prices were slightly lower for the week with the US aggregate bond index down 0.41%. (2), (1)


  • Oil prices continued the recent strong rally with WTI crude closing the week at $74.05. Oil prices are now up over 50% year to date as demand for energy has recovered. Oil prices are now back to levels last seen in October 2018. (3)

​Economic Data

  • The US Federal Reserve released the results for the annual stress tests of the 23 largest banks in the US. As expected, all banks were “well above” minimum capital required levels during a hypothetical economic downturn. As a result of passage, several of these large institutions will be able to increase dividends or conduct additional share repurchases. (4)

Proprietary portfolio happenings:

Company News (5)

  • Darden (DRI), a G50 holding, rose 10.8% after reporting earnings that exceeded expectations. Total sales increased over 79% year over year as Darden begins to compare against COVID shutdown results in 2020. (6)

  • Splunk (SPLK), a G33 and Contrarian Choice holding, rose 9.41% after releasing information that Silver Lake Partners, a global leader in technology investing, will make a $1 billion investment to support the continued transformation of the business. (7)

Did You Know? The world’s smallest reptile was first reported in 2021. A tiny chameleon discovered in northern Madagascar measured just 28.9 millimeters, according to the January 2021 issue of Scientific Reports.


(1) JPMorgan Weekly Market Recap 6.28.21

(2) US Treasury


(4) CNBC 6.24.21

(5) All weekly changes in company stock prices:

(6) Darden Press Release 6.24.21

(7) Splunk Press Release 6.22.21

Herstle Jones, LUTCF, CLTC President & Founder

With over 20 years of experience in the financial services industry,

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