According to a Bank of America survey stocks mutual funds and ETFs brought in $58 billion in new money last week. U.S. funds showed the strongest money gains with $6.4 billion for the week, while Japan attracted $3.6 billion, emerging markets saw $3.5 billion and Europe pulled in $2.2 billion. (LPL)
The latest Investors Intelligence poll of professional newsletter editors saw bulls outnumber bears by 66.7% to 12.7%. That is the biggest spread since April 1986. (LPL)
Budweiser used to be Americas top-selling beer, but seceded that position to Bud Light in 2004 and moved behind Coors Light to third in 2011. Now Miller Lite has kicked Bud to number 4. Corona is in fifth place, with Michelob Ultra and Modelo in sixth and seventh place. Overall, beer sales were down slightly in the United States last year. (CNN)
Bacardi is buying Patrón Spirits, who makes the world's top-selling premium tequila — in a deal valued at $5.1 billion. Bacardi is the largest privately held spirits company, with more than 200 brands including Bacardi rum, Grey Goose vodka, Dewars blended Scotch whiskey and Bombay Sapphire gin (USA Today).
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.