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Animal Spirits Podcast

Talk Your Book: Elevator Growth in Mid Caps

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.82K Ratings

🗓️ 14 April 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

On this episode of Animal Spirits: Talk Your Book, Michael Batnick, CFA and Ben Carlson, CFA are joined by Matt Bartolini, CFA, CAIA, Managing Director at State Street Global Advisors and Head of SPDR Americas Research Team to discuss sector exposures in mid caps, why having a profitability screen is crucial, how mid caps are affected by policy uncertainty, an update on ETF flows in 2025, and much more! Our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's Animal Spirits Talk Your Book is brought to you by State Street Global Advisors.

0:04.4

Go to sSGA.com to learn more about the Spider-S&P Midcap 400 ETF, ticker MDY.

0:11.6

That's SSGA.com to learn more.

0:16.2

Welcome to Animal Spirits, a show about markets, life, and investing.

0:20.5

Join Michael Batnik and Ben Carlson as they talk about what show about markets, life, and investing. Join Michael Batnik and

0:21.6

Ben as they talk about what they're reading, writing, and watching. All opinions expressed by

0:26.8

Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth

0:31.1

management. This podcast is for informational purposes only and should not be relied upon

0:35.6

for any investment decisions.

0:41.8

Clients of Ridholt's wealth management may maintain positions in the securities discussed in this podcast.

0:45.9

Welcome to Animal Spirits with Michael and Ben. On today's show, we are joined by a recurring guest.

0:50.9

Matt Bartolini. Matt is a managing director at State Street Global Advisors and

0:55.4

head of Spider America's research team. He knows all the ins and outs of the ETF industry.

0:59.5

On today's show, we spoke about primarily midcaps. I feel like they're an overlooked area of the market,

1:05.0

especially amongst advisors. You talk about either allocating to large versus mid or do we do

1:09.6

cap weight versus equal weight? And the midcap

1:13.6

400 is a forgotten index. So I spoke about this in the show a little, but my boss thought he had

1:18.7

like the markets figured out by investing in midcaps because he thought no one else did. And in the 2000s,

1:24.2

in the 2010s, its strategy really paid off because midcaps did really well in the lost decade.

1:29.1

And then they did pretty, they kept up reasonably well in the 2010s when the S&P kind of took off too.

1:35.3

You know what we didn't ask Matt, the migration in size as the market is drifted higher. Midcaps are now large companies.

1:41.1

I think on the high end, he said it was like 18 billion, right?

...

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