Housing Prices Have Never Been Higher

Equity markets are down again today – but only down 1% from all-time highs – so there is not a lot of screaming buys to discuss.

If you are a home owner – you should be happy today, according to Case-Shiller:

• CNBC – US home prices rose 5.6% in November: S&P CoreLogic Case-Shiller
• Business Insider – Housing prices are booming in the Northwest

Unfortunately, if you are not a home owner – housing and rent have never been this expensive.

Also, will higher interest rates ruin the party?

• ZeroHedge – Case-Shiller Home Prices Reach Record High In November (Right Before Rates Exploded Higher)

Trump is taking on the US Drug Companies today – surprisingly, most of the Pharma stocks are rising?

• Bloomberg –  Trump Calls Drug Pricing ‘Astronomical’ and Promises Changes  & Trump vs. Big Pharma

Extra – Off topic – but I thought these pictures were pretty cool:

• Business Insider – NASA released the most detailed images of Saturn ever taken — and they’re stunning