So, while growth has outperformed value so far this year, our next guest says that it's time to move away from large cap tech stocks. He sees better value in midcaps. And here to explain why is Vahan John Jingen.He's chief investment officer at Grant Wealth Management. Joins us now. Vahan, it's great to have you on.And let's start right there. Why midcaps. Why now.Hi, Morgan. Um, okay. So first thing I would say is that um for the past hundred years um until about 2008 value has outperformed growth and smal ...

Welcome to CNBC. com. I'm Frank Colin, anchor worldwide exchange.We are looking at the ETF action this week. Year-to-date net ETF inflows. They've topped 645 billion dollars according to the latest data from Vify.Join me now to discuss some of the action in the ETF market. I'm joined by Phil McInness at Vandis Investors by American Century Investments. He is their chief investment strategist.Phil, thanks so much for being here with us. >> Thanks, Frank. Pleasure to be here.Um, I I just want to start off jus ...

ETF Market Inflows and Trends - Year-to-date net inflows into ETFs reach $623 billion, on track for another trillion-dollar year [2] - The industry is potentially heading towards $1.3 trillion in flows for the entire year, driven by low-cost and active strategies [3] - Stronger sector flows observed in the past three months compared to the prior three months, indicating tactical adjustments and improving sentiment [3][4] Communication Services ETFs (XLC) - Increased inflows driven by price and fundamental momentum, with the sector outperforming the broader market [4] - Communication services is the only sector with increased earnings estimates over the last three months, largely due to AI [5] - Beneficiary of the "one big beautiful bill act" due to high R&D expenditure that can be expensed at a higher rate, boosting cash flow [5] - Considered a safe haven due to its service-oriented nature, making it less impacted by tariffs [5] Small Cap ETFs - July saw $2 billion of outflows, contributing to net outflows year-to-date, reflecting a less robust economic outlook [6] - Small caps face challenges due to below-trend growth expected in 2025 and 2026, high interest costs, and significant debt financing [6][7] - Small caps have experienced negative earnings growth over the last three years, contrasting with the sizable positive earnings growth of large caps [7] - Sentiment favors large caps with AI tech benefits, higher cash flow, and less debt service, making them less tied to the economic cycle [8] ETF Recommendations for Current Market - Communication Services ETF (XLC) is recommended due to fundamental momentum, high earnings expectations, cash flow, earnings revisions, and limited tariff exposure [11][12] - Aerospace and Defense ETF (XR) is suggested due to macro momentum from increased defense spending driven by geopolitical conflicts [12][13]

Let's talk markets now with Joe Amato, president and chief investment officer at Newberger Burman, which has $515 billion dollars in assets under management. Joe, great to have you with us. Morning.Good to be here. Obviously, you know, second half there, you you take a look at what you should be doing with your own portfolio and a lot of people are wondering and and what happened yesterday's market was really interesting because it was like July 1 hit and there was just a rotation out of the higher multiple ...