Consumers spending more but not getting more; confidence wavers. 1Q earnings reporting season closes with another decline. Fed considers a hike. Brits consider a Brexit. A strike finally works. Financial Review by Sinclair Noe for 05-31-2016 DOW – 86 = 17,787 SPX – 2 = 2096 NAS + 14 = 4948 10 Y – .02 = 1.83% OIL – .37 = 48.96 GOLD + 10.50 = 1216.40 As we wrap up the month of May, here’s the tally: the Dow gained 14 points for the month, the S&P 500 gained 29 points, and the Nasdaq was the winner with a gain of 173. The 10 year Treasury was flat. Oil added $3 a barrel. Gold lost $78 an ounce. Consumer spending increased 1% in April to mark the biggest gain in almost seven years, as Americans splurged on new cars and trucks. Higher gas prices also contributed. Inflation-adjusted spending rose a smaller but still healthy 0.6% in April. The April spending figure was the biggest one-month climb since a 1.3 percent increase in August 2009. The Commerce Department also reported incomes were up 0.4 percent, matching the March gain. Wages and salaries, the most important component of incomes, gained 0.5 percent. An inflation gauge closely watched by the Federal Reserve showed prices are up 1.1 percent over the past year. Core inflation, which excludes volatile food and energy costs, rose 1.6 percent. Both measures are still below the Fed’s target of 2 percent annual price increases, but ...