Strategist vs Manager: Who is right about Big Tech?

Paisley Nardini, Chief Investment Strategist at Tema ETFs, reads fourth quarter guidance as the first time since 2022 that the Magnificent Seven's earnings decelerate while the other 493 accelerate, and says the peak in capital expenditure arrives in the next 12 to 18 months. David Wagner of Aptus Capital Advisors does not believe in the baton pass and explains why the arithmetic does not work.