John Cox Monthly Economic Market Update – June 2026
In this video, John Cox, CFA®, CAIA, Chief Economist, Partner, Wealth Advisor at Waverly Advisors, provides an economic update covering the key developments shaping the markets and economy heading into the second half of 2026. John opens with a review of the ongoing impact of the U.S.-Iran conflict on global energy markets, explaining how oil prices have eased from the $90–$100 range back toward $75 per barrel following a recent ceasefire and a 60-day memorandum of understanding an agreement intended to reopen the Strait of Hormuz and bring further relief to oil and gas prices. He discusses how gas prices at the pump have declined from approximately $4.50 to around $4 per gallon, offering a modest lift to consumer sentiment and spending, while noting that inflation outside the energy sector has remained stubbornly in the 3–3.5% range, above the Fed’s preferred target.
John also covers the Federal Reserve policy outlook under new Fed Chair Kevin Warsh, whose first policy meeting revealed a split among officials — nine expecting rate hikes by year-end and nine anticipating rates to hold steady. He then reviews the broader economic picture, including improved job growth averaging approximately 190,000 new positions per month over recent months, GDP growth accelerating from 1.6% in Q1 toward a projected 3% pace in Q2, and S&P 500 corporate earnings growth exceeding 20% in 2026. John concludes with commentary on the historically challenging market environment surrounding midterm elections — now roughly five months away — and the current quarter’s strong, broad-based market rally spanning small- and mid-cap stocks, value-oriented sectors such as materials, industrials, and REITs, and international markets including emerging markets, while noting the bond market’s relative underperformance and an improved forward-looking outlook for fixed income.
This video was recorded on June 23, 2026
For important disclosures, please visit: https://waverly-advisors.com/otherimportantdisclosure
Music Credit:
Song: Olif — Be Yourself
Music provided by Vlog No Copyright Music.
Video Link: https://bit.ly/3u2ON9O