Trade Tracker: Joe Terranova buys the XLG

Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's buying the ETF.

[RZH]

My Magnificent 7: NVDA, QCOM, TSM, TSLA, GOOG, GE, CRYPTO for the last 5 to 7 years. They outperformed every acronym that people created, more importantly, they are still magnificent 👍👍

[dominiquetheeasyminimalist]

A fund manager buys an ETF, so what are his client paying him at least 2% of their portfolio for? He's admitting not being good enough to beat the ETF 🤣

[moonshot]

He's got to be joking surely. After all this time he now buys XLG. Clueless

[Mobsters]

Reshaping risk. Mans talking nonsense. He is supposed to be equally weighted but he is exploiting a loophole to not be and so is taking on excess risk vs his mandate.

[willberry]

equal weighted strategies make no sense