Consumers Rev Up Spending

4% growth in ’16, compared with 4.8% in ’15 (excluding gas)

Feeling more confident about the economy, the job market and their own financial stability, shoppers dialed up spending in June. The third consecutive month of gains marks a strong end to the second quarter of 2016, though challenges remain as retailers grapple with changing industry trends—more online shopping, free shipping demands, etc. Continue reading “Consumers Rev Up Spending”

Brexit Vote Puts Damper on Interest Rates

10-year T-notes at 1.4% by end ’16

The vote by Britain to leave the European Union has completely changed the outlook for interest rates. Rates should stay low for an extended period of time as U.S. Treasury notes and bonds remain important safe haven investments in the face of uncertainty over growth in Europe and Japan.
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Oil market woes look like deja vu all over again

After a furious spring rally, the oil market has been flirting with bear market territory recently. Some might say it looks eerily similar to last year, when crude shot up in the spring before free-falling. For oil, will it be déjà vu all over again? Continue reading “Oil market woes look like deja vu all over again”

U.S. unprepared for new security threat posed by quantum computers, and other Tech updates

The security threat posed by quantum computers. A turning point for the computer chip industry. Free advice on ransomware attacks. Tech stocks continue to please Wall Street. Africa set to add a quarter-billion web users. The U.K.’s tech sector takes a hit. Continue reading “U.S. unprepared for new security threat posed by quantum computers, and other Tech updates”