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FEX - Earnings Matter And They Have Improved Significantly
First Trust Large Cap Core AlphaDEX Fund
This week, the government released the second estimate of third-quarter U.S. GDP at 33.1% growth at an annual rate, unchanged from the earlier advanced estimate.
This is a sharp snapback from the second quarter's 31.4% contraction, as a result of the virus-mandated economic shutdown and reopening.
Although virus cases have increased near term, the reopening process continues and is reflected in improved earnings growth as well.