The Dow has closed at new all-time high 70 times so far, this year, busting the previous record from 1995. The Dow started trading in 1896. (LPL)
Hood River Distillers is selling its Pendleton Whisky brand to the Mexican liquor conglomerate who is the parent company of the Jose Cuervo tequilas. Purchase price is $205 million. Pendleton Whisky was started in 2003 and sells 3 million liters a year. The Pendleton Round-Up rodeo made $1.7 million in royalties in 2016. Hood River Distillers will continue to bottle Pendleton on behalf of Proximo. (Eastern Oregonian)
The National Association of Home Builders' Confidence index in December rose 5 points to 74. This is the highest reading since 1999. Sentiment stood at 69 in December 2016. Of the index's three components, buyer traffic jumped 8 points to 58. Current sales conditions rose 4 points to 81. Sales expectations in the next six months increased 3 points to 79.
Warren Buffett’s Berkshire Hathaway Class A shares touched $300,000 for the first time on Monday. The shares have never split. Shares are up about 23% this year. Buffett, 87, started accumulating the stock at $7.50 a share in December 1962. (Yahoo)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.