The Bull of Wall Street

The Bull of Wall Street
  • 5.0 (13)
  • BUSINESS NEWS

This podcast takes a unique approach in discussing various topics that are of interest to financial advisors and investors. The hosts Jimmy Lee, CEO, The Wealth Consulting Group (WCG), Jim Worden, CFA, CAIA, CMT, Chief Investment Officer (WCG), and Tally Léger, Chief Market Strategist (WCG) will have discussions that concern the markets, economy, strategies, financial planning, taxes, and life. The information herein is for informational and entertainment purposes and intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of WCG.

  1. #61 - Technical Analysis, Trend Following, and Risk Management with Frank Cappelleri, Founder, CappThesis (recorded 02/11/26)

    FEB 11

    #61 - Technical Analysis, Trend Following, and Risk Management with Frank Cappelleri, Founder, CappThesis (recorded 02/11/26)

    In this episode of The Bull of Wall Street, Talley Leger and Jim Worden are joined by Frank Cappelleri, founder of CappThesis, for a technical-analysis focused discussion centered on chart patterns, trend identification, and practical risk management.   Frank shares his background, including early experience alongside technical analysis pioneers and later work with institutional trading desks. He describes how his process emphasizes classical chart patterns, relative strength, and an effort to reduce bias by focusing on what price action is doing rather than what a symbol or narrative “should” do.   The conversation also covers how Frank thinks about market environments, why certain indicators may work better in some periods than others, and how he thinks advisors and active investors can approach position sizing and stop discipline in more volatile conditions.   What You’ll Learn How Frank’s approach uses classical chart patterns as the foundation for trend analysisWhy frank believes relative strength and “what is working” can matter more than narrativesHow Frank frames risk first, including stop discipline and position sizingWhy “time corrections” and “price corrections” can look different in practiceWhat Frank looks for before acting on potential reversals in silver and bitcoinWhy indicators can behave differently depending on the market environmentHow advisors can use technical frameworks as a way to organize risk discussions  Chapters 02:10 The origin of CappThesis and what differentiates Frank’s approach 03:35 Early influences, industry group relative strength, and “riding what works” 07:02 Trend following, classical patterns, and how uptrends often build over time 08:50 Changes in how technical analysis is perceived and used today 11:22 Why risk management and price discipline are central to the process 13:00 Stop discipline, volatility adjustments, and position sizing considerations 14:23 S&P 500 discussion, zones, and the role of market leadership 16:16 Consolidations, “time corrections,” and the psychology of ranges 20:20 Trading boxes, support and resistance, and different ways to visualize structure 23:42 Software versus semiconductors divergence and what it may imply 28:30 Long-term relative support and why timeframe context can matter 41:05 Silver uptrends, moving averages, and what to watch in a pullback 47:20 Bitcoin patterns, retracements, and correlation observations 50:26 Base-building versus early entry and how Frank approaches patience 55:01 Market structure considerations and why large flows can influence moves 58:43 ETFs, options, and how short-term dynamics can impact price action   Guest Frank Cappelleri, Founder, CappThesis   Speakers Talley Leger, Chief Market Strategist, The Wealth Consulting Group Jim Worden, CFA, CMT, CAIA, Chief Investment Officer, The Wealth Consulting Group   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup     The Bull of Wall Street features advisor-focused conversations intended to support professional learning and thoughtful discussion. Subscribe for additional episodes and updates.   Subscribe at bit.ly/wealthcg Making Life Better at The Wealth Consulting Group

    1h 2m
  2. #60 - Portfolio Construction in an Era of Innovation with Shannon Saccocia, Chief Investment Officer for Wealth, Neuberger Berman (recorded 02/04/26)

    FEB 4

    #60 - Portfolio Construction in an Era of Innovation with Shannon Saccocia, Chief Investment Officer for Wealth, Neuberger Berman (recorded 02/04/26)

    In Episode 60 of The Bull of Wall Street, Jim Worden sits down with Shannon Saccocia, Chief Investment Officer for Wealth at Neuberger Berman, for a thoughtful discussion on how portfolio construction has evolved alongside innovation, expanded access to private markets, and shifting market conditions. Shannon reflects on her professional journey from early roles in banking and registered investment advisory firms to her current leadership role at Neuberger Berman. She discusses how institutional investment frameworks have increasingly influenced private client portfolios and why understanding risk, liquidity, and investor experience remains critical as access to new strategies expands.   Throughout the conversation, Jim and Shannon explore topics including diversification beyond concentrated equity exposure, considerations within fixed income and private credit, and how advisors can help clients interpret an increasingly complex investment landscape. The discussion concludes with a broader look at long-term structural forces such as demographics and technological change, emphasizing the ongoing role of advisors in providing context and perspective rather than predictions.   What you'll learn How institutional portfolio frameworks have influenced private client investingWhy expanded access to private markets increases the need for education and due diligenceConsiderations around equity concentration and diversificationHow fixed income and private credit can be evaluated within broader portfolio constructionWhy long-term trends such as demographics and innovation matter for planning discussionsThe evolving role of advisors in helping clients interpret information and risk  Chapters 02:43 Evolution of private client portfolio construction 04:27 Access to private markets and investor education 05:08 Considerations when incorporating private investments 07:06 Client education in an information-rich environment 08:49 Similarities between public and private investments 12:36 Portfolio diversification considerations beyond concentrated equity exposure 15:38 Fixed income positioning and portfolio considerations 19:20 Private credit structures and due diligence 25:13 International diversification and currency considerations 27:40 Discussion on equity market dispersion and innovation 35:19 Long-term demographic and structural considerations 41:50 Portfolio construction as an ongoing process 43:12 The continuing role of advisors    Guests Shannon Saccocia, Chief Investment Officer for Wealth, Neuberger Berman   Speakers Jim Worden, Chief Investment Officer, The Wealth Consulting Group   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup    Making Life Better at The Wealth Consulting Group The Bull of Wall Street is part of WCG’s ongoing effort to provide thoughtful conversations and perspectives for financial professionals. Subscribe for updates, insights, and discussions focused on supporting advisors and their clients as markets and practices evolve.   Subscribe at bit.ly/wealthcg

    45 min
  3. #59 - Building a High-Value Advisory Practice with Ken Van Leeuwen, Managing Director of Van Leeuwen & Company: Planning Fees, Team Design, and Succession (recorded 02/03/26)

    FEB 3

    #59 - Building a High-Value Advisory Practice with Ken Van Leeuwen, Managing Director of Van Leeuwen & Company: Planning Fees, Team Design, and Succession (recorded 02/03/26)

    In this advisor-to-advisor conversation, Jimmy Lee sits down with Ken Van Leeuwen, Managing Director of Van Leeuwen & Company, to unpack what it really takes to build a durable, high-touch wealth management practice over decades.   What you'll learn Ken shares how comprehensive planning became the foundation of his business, why he intentionally charges for advice, and how language, positioning, and a team-based client experience can elevate both client outcomes and practice sustainability. The episode also covers organic growth through client advocacy, mentorship, and how Ken approached succession planning after a personal wake-up call. Finally, Ken offers a practical view of where AI fits in an advisory firm: efficiency, not replacing the human relationship.   Why Ken built his practice around paid planning (and why he avoids calling it “financial planning”)How EOS (Entrepreneurial Operating System) shaped his team structure and executionThe value of having two advisors in client meetings and how it supports continuityWhy words matter in client communicationHow Ken drives growth through client advocacy and referrals using Voice of the ClientThe real catalyst that pushed him to formalize succession planningWhere AI can help advisory firms immediately: notes, workflows, admin, and speed to service  Chapters 01:00 Ken’s journey into advice and why he went independent 04:40 Team structure, EOS, and building a scalable practice 08:40 Charging for planning and “Building Your Life Vision” 14:50 Why every client gets two advisors in meetings 20:00 The power of language and positioning in advice 24:40 Organic growth: referrals, Pareto, and Voice of the Client 33:20 Why corporate executives became the ideal client profile 40:10 Succession planning and the wake-up call that changed everything 45:40 Lessons Ken would tell his younger self 55:20 AI in advisory firms   Guest: Ken Van Leeuwen, Managing Director, Van Leeuwen & Company   Host: Jimmy Lee, Chief Executive Officer & Financial Advisor, WCG   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group   If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better. Subscribe at bit.ly/wealthcg

    1h 1m

  4. JAN 28

    #58 - Jared Dillian, founder of Armington Capital,  on Risk, Sentiment, and Why Courage Matters When Markets Feel Easy (recorded 01/28/26)

    In this episode of The Bull of Wall Street, Talley Léger welcomes a longtime colleague and market veteran, Jared Dillian, editor of The Daily Dirt Nap, founder of Armington Capital, and an author of seven books.   Jared and Talley reconnect through shared Lehman-era market scars and use that lens to talk about what investors consistently miss before major dislocations—leverage, liquidity, and confidence, and why those risks may be building quietly in private credit and private equity today.   From there, the conversation shifts into the advisor playbook: how to think about risk management when markets are calm, why the Fed follows the “path of least embarrassment,” how advisors can use sentiment without becoming day traders, and why diversification across asset classes is still the most underutilized edge in wealth management.   What you’ll learn • The warning signs investors tend to miss before major crises—and why leverage is the real accelerant• Why Jared’s top concern isn’t mega-cap concentration, it’s private markets leverage• How to approach risk management when markets are calm: “buy protection when you can, not when you have to”• The Fed’s true incentive structure, and why it’s often behind the curve• How advisors can use sentiment and positioning without turning into short-term traders• Why US-only “diversification” isn’t diversification—and how to build a real multi-asset portfolio• The behavioral mistake that shows up in every bull market: chasing what just worked• Why the best advisors need courage to do something different (even when it’s unpopular)     Chapters  01:10 – Dirtcon vs. DJ’ing Omnia: which was better (and why)03:05 – Jared’s subscriber base and what Dirtcon has become03:45 – Lessons from Lehman and market crises: what people always miss06:45 – Concentration risk vs. real systemic risk08:10 – What drives crises: leverage, liquidity, and confidence09:10 – Jared’s portfolio positioning: international, EM, commodities11:40 – Where leverage is building now: private credit / private equity13:20 – Markets at all-time highs: risk management when things feel easy14:00 – “Buy protection when you can, not when you have to” (pandemic puts story)15:20 – The biggest misconception about the Fed16:00 – “The Fed follows the path of least embarrassment”18:20 – 2022: when 60/40 broke and there was nowhere to hide19:00 – Is the Fed data dependent or political?21:15 – Does monetary policy still have signal?23:00 – How advisors can use sentiment without becoming day traders24:10 – Jared’s Edward Jones story: advisors chasing fear and greed28:00 – Bull markets: chasing, unrealistic expectations, and mean reversion risk30:20 – Valuations: useful long-term, not a short-term timing tool31:55 – Why US-only portfolios are dangerously narrow33:45 – Fear vs. greed: what’s most dangerous now37:10 – Forecasting vs. diversification (and Jared’s new book)40:20 – Jared’s 7th book: The Awesome Portfolio41:00 – Market narratives: analysis vs. storytelling (what actually sells)47:50 – Smart brevity and cutting through research noise49:50 – Closing advice: courage, “do no harm,” and protecting client wealth52:10 – Where to follow Jared + subscriber discount     Guest Jared Dillian, Editor, The Daily Dirt Nap, Founder & Principal, Armington CapitalAuthor (7 books), including upcoming The Awesome Portfolio     Host Talley Léger, Chief Market Strategist, WCG     Follow us LinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup     Making Life Better at The Wealth Consulting Group   If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life, better.Subscribe at bit.ly/wealthcg

    54 min

  5. JAN 21

    #57 – Scott Helfstein, Global X Global Head of Investments on Geopolitics, AI, and the New “Automation Age” (recorded 01/21/26)

    In this episode of The Bull of Wall Street, Jim Worden is joined by co-host Talley Leger and guest Scott Helfstein, Global Head of Investments at Global X. Scott brings a rare blend of experience across the Federal Reserve, investment banking, academia (West Point), and national security research, then connects the dots to what matters most for markets in 2026.   The conversation moves from geopolitical strategy (including Greenland’s renewed relevance) to the Roaring 2020s framework, and ultimately into the investable reality of AI: not just “information,” but automation—where technology starts making decisions and taking actions, not just delivering insights. Scott also breaks down what thematic investing actually means, why margins may be structurally higher than history suggests, and where “economic broadening” is already happening beyond the mega-cap leaders.     What you’ll learn • Why U.S. interest in Greenland has historical precedent—and modern strategic logic• How Scott frames 2026 through a “Roaring 20s” lens (and what to watch for)• The shift from the Information Age to the Automation Age—and why it matters• Why profit margins may not mean-revert the way many expect• What “thematic investing” is (and what it isn’t) for advisor portfolios• Where Scott sees economic broadening even if market breadth remains narrow• Practical ways advisors can use technology to scale trust without replacing it     Chapters 01:30 – Scott’s career path: Fed → banking → PhD → West Point → Wall Street → thematics04:15 – War studies, geopolitics, and Scott why Scott says it matters for markets05:20 – Greenland: the historical context and strategic rationale10:15 – Rare earths, Arctic lanes, and the national security lens11:15 – 2026 outlook: revisiting the “Roaring 20s” framework13:20 – Innovation cycles then vs. now: what rhymes with the 1920s16:15 – AI: what’s next (agentic AI, robotics, physical-world automation)20:35 – What is thematic investing, really?24:30 – Secular themes Scott’s watching: AI ecosystem, defense tech, infrastructure31:10 – Advisors and margins: scaling trust with technology35:55 – The K-shaped economy, rates, and what the Fed is missing41:10 – Creative destruction: jobs, opportunity, and the AI ecosystem buildout48:10 – “Circular investment” concerns: why this isn’t 2008 or dot-com53:10 – Scott’s contrarian view: economic broadening beyond mega-cap tech     Guest Scott Helfstein, Global Head of Investments, Global X   Hosts Jim Worden, Chief Investment Officer, WCGTalley Leger, Chief Market Strategist, WCG   Follow us LinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup     Making Life Better at The Wealth Consulting Group   If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better.Subscribe at bit.ly/wealthcg

    59 min
  6. #56 – Bob Pisani, CNBC Stocks Correspondent (Ret.) on Markets, Media, and the Biggest Investing Mistakes He’s Seen in 35 Years (recorded 01/12/25)

    JAN 12

    #56 – Bob Pisani, CNBC Stocks Correspondent (Ret.) on Markets, Media, and the Biggest Investing Mistakes He’s Seen in 35 Years (recorded 01/12/25)

    In this episode of The Bull of Wall Street, Jimmy Lee, Jim Worden and Talley Leger are joined by Bob Pisani, legendary CNBC Stocks Correspondent, for a wide-ranging and deeply reflective conversation on markets, media, and investor behavior.   Drawing on more than three decades reporting from the floor of the New York Stock Exchange, Bob shares what he’s learned about forecasting, behavioral bias, media influence, and why most investors, professionals included, consistently make the same mistakes. From his formative relationship with Jack Bogle to his conviction in low-cost indexing, Bob offers timeless lessons that cut through market noise and short-term thinking.   This episode is less about predictions and more about perspective. The kind only earned by watching markets, people, and cycles repeat themselves for 35 years.   What you’ll learn • Why forecasting market returns is far harder and less useful than most investors believe • The most common behavioral mistakes investors make, even with perfect information • How media coverage shapes investor behavior (for better and worse) • Why Bob Pisani became a long-term, low-cost index investor • How advisors can help clients ignore noise and stay disciplined Chapters 01:20 – Bob’s unconventional path to CNBC 05:00 – The early days of CNBC and the rise of market media 08:00 – Trust, reporting, and life on the NYSE floor 14:00 – Jack Bogle’s influence and the case for indexing 17:30 – Why stock picking and forecasting fail over time 21:00 – Media, momentum, and recency bias 24:30 – Behavioral finance and why humans struggle to predict the future 29:00 – Market valuations, expectations, and long-term planning 33:00 – Advice for advisors navigating signal vs. noise 37:00 – Staying invested, managing risk, and playing the long game   Guest Bob Pisani, CNBC Stocks Correspondent (Ret.), and Author of Shut Up and Keep Talking   Hosts Jimmy Lee, Chief Executive Officer, WCG, Jim Worden, Chief Investment Officer, WCG Tally Lager, Chief Market Strategist, WCG   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice—and your life—better. Subscribe at bit.ly/wealthcg

    47 min
  7. #55 – Stephanie Aliaga, Global Market Strategist at J.P. Morgan Asset Management on 2026 Market Outlook, Global Growth, and What Could Break the Cycle (recorded 01/06/25)

    JAN 12

    #55 – Stephanie Aliaga, Global Market Strategist at J.P. Morgan Asset Management on 2026 Market Outlook, Global Growth, and What Could Break the Cycle (recorded 01/06/25)

    In this episode of The Bull of Wall Street, Jim Worden sits down with Stephanie Aliaga, Global Market Strategist at J.P. Morgan, to kick off 2026 with a clear-eyed view of where the global economy and markets stand, and where the real risks and opportunities may lie.   Stephanie shares J.P. Morgan’s latest thinking on U.S. growth, inflation, interest rates, global divergence, and the key forces shaping asset allocation decisions in the year ahead. From soft-landing probabilities to policy risk, earnings durability, and investor positioning, this conversation cuts through the noise and focuses on what actually matters for advisors navigating client portfolios in 2026.   What you’ll learn: • How J.P. Morgan is positioning for economic growth and market returns in 2026• Why the U.S. remains resilient, and where cracks could still form• The biggest risks investors may be underestimating this year• How global divergence is shaping equity and fixed income opportunities• What advisors should be watching as policy, rates, and earnings intersect   Chapters: 02:30 – J.P. Morgan’s baseline outlook for the U.S. economy06:45 – Growth, inflation, and the soft-landing debate11:40 – Interest rates, policy expectations, and market reactions17:20 – Global divergence: where opportunities and risks differ23:10 – Equity markets, earnings durability, and valuation context29:00 – Key risks that could disrupt the 2026 outlook34:30 – What advisors should focus on in client portfolios this year39:15 – Final thoughts on navigating markets in 2026   Guest: Stephanie Aliaga, Global Market Strategist, J.P. Morgan    Host: Jim Worden, Chief Investment Officer, WCG   Follow us: LinkedIn: The Wealth Consulting GroupX (Twitter): @WealthCGYouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group   If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice and your life better.Subscribe at bit.ly/wealthcg

    49 min

  8. 12/23/2025

    #54 – Phillip "Felipe' Toews - Author & Founder/CEO of Toews Asset Management on The Behavioral Portfolio, Long-Duration Risk, and Why the 60/40 Model Breaks When History Matters (recorded 12/15/25)

    In this episode, Phillip "Felipe" Toews, author of The Behavioral Portfolio and a long-time advocate for risk-aware investing, joins Jim Worden and Paisley Nardini for a deep, historically grounded conversation on why conventional portfolio construction often fails investors when it matters most. Drawing on decades of market history, Phillip explains how long-duration bear markets, not short-term volatility, create the greatest behavioral and financial risk for investors and advisors alike.   From the Great Depression to multi-decade bond bear markets, Phillip challenges recency bias, questions the foundations of the 60/40 portfolio, and outlines why advisors must think like chief risk officers first. The discussion explores behavioral finance, portfolio design, hedged equity strategies, adaptive fixed income, and why proactive communication, not reactive reassurance is critical to long-term client success.   What you’ll learn • Why the 60/40 portfolio is a historical accident not a true design framework • How long-duration bear markets reshape investor behavior and decision-making • Why recency bias causes advisors and clients to underestimate real risk • How rebalancing can increase drawdowns in severe market regimes • What “left-tail risk” really means for real-world portfolios • Why advisors must proactively discuss worst-case scenarios before they happen • How hedged equity strategies can preserve upside while limiting catastrophic loss • Why behavioral risk often matters more than market risk   Chapters 03:00 — Phillip's journey: from Kansas to asset management and risk mitigation 08:00 — Why investor timing destroys returns, even in good strategies 13:00 — The Great Depression, bond bear markets, and what history really shows 19:00 — Why the 60/40 portfolio fails during long-duration drawdowns 25:00 — Rebalancing myths and behavioral breakdowns in severe markets 31:00 — Rethinking portfolio design: cutting the left tail without killing upside 37:00 — Hedged equity, adaptive fixed income, and managing uncertainty 43:00 — Why advisors must act as chief risk officers 49:00 — Communicating risk before markets fall, not after Guest Phillip "Filipe" Toews, Founder & CEO, Toews Asset Management and Author of The Behavioral Portfolio   Hosts Jim Worden, Chief Investment Officer, WCG Paisley Nardini, Portfolio Manager, Simplify   Follow us LinkedIn: The Wealth Consulting Group X (Twitter): @WealthCG YouTube: @thewealthconsultinggroup   Making Life Better at The Wealth Consulting Group If you’re ready to see how WCG helps advisors grow, subscribe for insights, updates, and resources built to make your practice, and your life better. Subscribe at bit.ly/wealthcg

    1h 2m
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5
out of 5
13 Ratings

About

This podcast takes a unique approach in discussing various topics that are of interest to financial advisors and investors. The hosts Jimmy Lee, CEO, The Wealth Consulting Group (WCG), Jim Worden, CFA, CAIA, CMT, Chief Investment Officer (WCG), and Tally Léger, Chief Market Strategist (WCG) will have discussions that concern the markets, economy, strategies, financial planning, taxes, and life. The information herein is for informational and entertainment purposes and intended for use by advisors only, and should not be copied, reproduced, or re-distributed without the consent of WCG.

Information

  • Creator
    The Bull of Wall Street
  • Years Active
    2024 - 2026
  • Episodes
    60
  • Rating
    Clean
  • Copyright
    © The Bull of Wall Street
  • Show Website
    The Bull of Wall Street