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VGT - Q2 2019 Market Insights In Charts And Graphs
Vanguard Information Tech
The U.S. Economy
GDP growth has now expanded for 20 consecutive quarters and last quarter's 3.1% was a positive surprise in many respects. In fact, looking at just GDP data would likely lead someone to conclude that the Fed would not be cutting rates. As we will show later, however, there are plenty of other indicators showing that growth might not be as robust as it seems.
The breakdown of GDP components for Q1 show a balanced economy, where no one component really stood out as driving the expansion. The balance was comparable to what