US Economic Growth Streak Best Since 1986

- Final 3Q GDP rose 4.1% versus estimates of a 4.3% gain and prior estimates of a 4.3% increase.
- Final 3Q Personal Consumption rose 4.1% versus estimates of a 4.2% gain and prior estimates of a 4.2% increase.
- Final 3Q GDP Price Index rose 3.3% versus estimates of a 3.0% increase and prior estimates of a 3.0% gain.

BOTTOM LINE: The US economy grew at a 4.1% annual rate in the third quarter, substantially higher than the 20-year average of 3.1%, Bloomberg reported. The economy has now grown by 3% or more for 10 straight quarters, the best streak since 1986. I expect US growth to slow to average levels next year, which will be viewed positively by equity investors.