Source: BEA
The BEA was more and more optimistic of U.S. growth as seen from its increasing estimates – from 2.3% to 3.9%. So the ......I covered the advantages of the S&P 500 ETF and how you can own the top 500 U.S. companies with just one ETF in my previous article. The growth of the S&P 500 is closely related to the growth of the overall American economy, so now let’s do some fundamental analysis and the recent performance of the broad U.S. economy in GDP terms before we consider its longer term context.
The U.S. economy did well for the second quarter of 2015. The Bureau of Economic Analysis (BEA) reported that the U.S. grew by 3.9% in the second quarter from the previous quarter, beating expectations of 3.7% growth. This is much better than the 0.6% growth in the first quarter of 2015.
