The Monday Mix: Feb. 5 – 11, 2024

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Top-of-mind economic news as we start the week:

Mexico became the largest source of U.S. imports in 2023, replacing China for the first time since 2002. 

The increase in U.S. consumer prices (CPI) was revised down to +0.2% in Dec. 2023, indicating annualized inflation of 2.7%.

The S&P 500 closed above 5,000 and Nasdaq topped 16,000 for the first time ever, on optimism about U.S. economic soft landing. 

Chinese stocks have lost about half their value since peaking in early 2021, as economy faces stagnating growth and deflation. 

ESG funds worldwide saw net outflows of $2.3 billion in Q4 2023, the first time investors put less money into these funds than they took out.

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