Economic signals are sending investors mixed messages. Consumer data is showing signs of weakness, while inflation continues to moderate and major stock market indexes are reaching new highs. For ETF investors, the conflicting backdrop raises an important question: Is now the time to reduce risk, or stay invested?

SGH Wealth Management Founder and CIO Sam Huszczo, CFA®, CFP®, joined CNBC’s Pippa Stevens on Halftime Report to discuss how investors should interpret today’s economic and market signals, what they could mean for ETF portfolios, and how to think about risk as markets trade near record levels.