The Monday Mix: Jan. 22 – 28, 2024

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The U.S. economy grew a strong 3.3% annualized in the 4th quarter of 2023, while inflation pulled back, giving credence to a soft landing.

U.S. pending home sales rebounded to +8.2% in Dec., the best performance since 2020, as a drop in mortgage rates and steady home prices enticed buyers.

The Biden administration is expected to announce additional subsidies for semiconductor companies to encourage the building of chip plants in the U.S.

China will suspend the short-selling of Chinese stocks as of January 29, after Chinese equities hit five-year lows in the past week.

Virtually all European banks (90%) have loan portfolios that are misaligned with global climate goals and the EU’s 2050 net-zero target, per an ECB survey.

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