Dow down 7 straight. Oil under $40. Consumers spend more, save less. Home prices higher. Japan tries more stimulus. Auto sales slip. Biogen deal? Euro banks crushed again. Miami travel alert. Drones rule. Financial Review by Sinclair Noe for 08-02-2016 DOW – 90 = 18,313 SPX – 13 = 2157 NAS – 46 = 5137 10 Y + .03 = 1.53% OIL – .43 = 39.67 GOLD + 10.40 = 1363.80   The Dow logged its seventh straight drop, while the Nasdaq snapped its five sessions winning streak. The S&P 500 broke out of a very tight consolidation pattern, but still managed to close with a loss of less than 1%.  WTI crude oil erased an early gain and closed down 1.1% at a four month low.   Consumers boosted spending by 0.4% in June — the third straight strong increase — but they’ve also been saving less to fund their purchases.  Income growth has not been keeping pace with spending. Incomes rose 0.2% in June for the second straight month. As a result, the personal-savings rate dropped to 5.3% and matched a 15-month low. Savings had hit a four-year high earlier in the year. Inflation as measured by the PCE index edged up 0.1% in June. The PCE index, the Federal Reserve’s preferred inflation barometer, increased 0.9% in the 12 months ended in June. That’s unchanged from in the prior month. The annual rate of core inflation was also flat at 1.6%.  Although inflation has been creeping higher lately, ...