BEA Prelim. July Rpt: Q2 2014 US GDP Strengthened to +4.0%, Up From Weak -2.1% Q1

Q2 report reverses negative trend (Up, then Down, now Up), up a huge 6.1% quarter-over-quarter, strength driven by Personal Consumption and Private Investment. Best GDP result in three quarters. Survey of 43 economists has consensus Real GDP of ~3.0% for second half of year:

Apple 1 Year Daily Technical Chart

50 Day vs. 200 Day Golden Cross-Over in Sept-2013. 200 Day Crossing Lower Support Level. Fundamental Story is Still Strong. $104.79 Consensus Analysts, $97 @Trefis Price Target:

BEA revised down 2011 US GDP to 1.6% & 2012 2.3%, while revising up 2013 2.2%

Chart confirms weakest post-WWII expansion:

BEA Final June Rpt: Q1 2014 US GDP Weakened to -2.9%, Down From Modest +2.6% Q4

Q1 report continues negative move, off a huge 5.5% quarter-over-quarter, weakness driven by poor Private Investment and Exports. Worst non-ression GDP results in 58 years:

May BLS Report: US Consumer Price Index Rose 2.14% Year Over Year

CPI averaged ~3.2% prior to the Financial Crisis recession, and is averaging ~2% post Crisis recovery, consistent with our slow-growth economy, despite massive stimulus: