Very much looking forward to joining the Bloomberg TV team at 8am BST It’s always great to join Bloomberg TV to discuss the latest market developments and the Absolute Strategy Research views on global markets. Tune in at 8am BST

Imitation is the greatest form of flattery so they say… However, if you see anything from IanHarrnett on X that is not me! Note the double ‘r’ in the middle of my name… …please don’t get played by people pretending to be myself or anyone else on X Ian H

Thanks to Simon Nixon for giving a name check to Absolute Strategy Research in his latest #wealthofnations substack about our view that the US Equity Risk Premium shows that investors are behaving as if there is no sign of regime change. This is a key chart we have been sharing with clients.

Gill Dezer (Gil Dezer) asked me to update this chart which Absolute Strategy Research first produced several years ago. His loyalty, interest and patience definitely warranted me seeking it out and updating it... as you can see, changes in New Home Inventories continue to lead the S&P...

I was asked by Bob Lovelaw to update this chart... yes, the US market is not cheap... but does anyone care anymore as long as the Fed are determined to cut rates? Probably not in the short-run, but they should for the long-run!