Saturday, September 20, 2025
THIS IS AN ARCHIVED PRESENTATION FROM THE ABOVE DATE
PROGRAM INFORMATION
TOPIC 1
ARCHIVE MATERIALS
Dennis Lockhart’s career includes time in the private sector, academia, and government. From 2007 to 2017 he was president and CEO of the Federal Reserve Bank of Atlanta. In this role, Lockhart served on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee (FOMC). He is currently a distinguished professor-of-the-practice in the Nunn School of International Affairs at Georgia Tech. Early in his career, Lockhart held positions with Citicorp working in Lebanon, Saudi Arabia, Greece, Iran, New York and Atlanta. He transitioned to becoming a managing partner of a boutique private equity firm with activity in Africa and Latin America and president of the Heller International Group. Lockhart grew up in California and attended Stanford University and the John Hopkins University School of Advanced International Studies. He also attended the Senior Executive Program at the Sloan School of Management, Massachusetts Institute of Technology, and served as an officer in the US Marine Corps Reserve.
Fed independence, Fed Interest Rate Policy, and the Outlook for the Economy
Attend this talk and learn…
TOPIC 2
ARCHIVE MATERIALS
Talley Léger is the Chief Market Strategist of The Wealth Consulting Group (WCG). In this role, he is responsible for formulating and communicating his views on the economic and investment landscapes, with a focus on stocks. Mr. Léger approaches markets from a thematic, holistic perspective.
Talley was recently inducted to Marquis’ Who’s Who as an honored listee and has over 25 years of experience in financial services. Prior to WCG, he was a Managing Director and the Senior Equity Strategist at Raymond James and the Senior Equity Strategist at Invesco. Mr. Léger was also the founder of Macro Vision Research (MVR) and held other prominent strategist roles at Barclays Capital, ISI, Merrill
Lynch, RBC Capital Markets, and Brown Brothers Harriman.
Mr. Léger is an author of the book, “From Bear to Bull With ETFs,” a four-star Amazon Best Seller.* He has been a guest columnist for The Big Picture and Data Watch on Bloomberg Brief Economics, as well as a contributing author on Seeking Alpha. Talley has been quoted widely in Associated Press, Barron’s, Bloomberg, Business Week, Dow Jones Newswires, Financial Times, MarketWatch, Morningstar Magazine, Reuters, The New York Times, and The Wall Street Journal. Mr. Léger has appeared on BBC News Business Today, Bloomberg TV, Business News Network (BNN) TV, CNBC, Fox Business, Nasdaq Trade Talks, NYSE TV, Reuters TV, Schwab Network (TD Ameritrade), The Street, ticker, Yahoo! Finance, and has spoken on Bloomberg Radio.
Talley earned a Master of Science in Financial Economics and a Bachelor of Music from Boston University in 2000 and 1998, respectively.
*“From Bear to Bull With ETFs” (2nd ed.), by David R. Kotok and Talley D. Léger, published by Cumberland Advisors Publishing (2014).
The Daunting Task of Setting an S+P Target
In the first half of the year, many strategists and economists across the Street chased the #stock #market and #economy down and back up again. By contrast, the Wealth Consulting Group remained bullish, we didn’t change our optimistic forecasts, and we stuck to our framework, which helped us resist the bearish, recessionary narrative. In Talley’s talk, he showcase the scenarios, range of outcomes, and positively-skewed distribution that may lead us to a higher – perhaps significantly so – stock market through the second half of the year.
Investors should welcome an ongoing stock market recovery in 2025. Nonetheless, we love persistent pessimism because it’s good for our long-term optimism.
New agreements with our major trading partners are the kind of news we expected to propel stocks higher. Looking ahead, our enthusiasm should endure until investor sentiment and positioning become too bullish once again.