* US CPI inflation to stay above 3% through mid-year, predicts Garda’s Magnusson
* China’s Xi meets US executives amid US-China tensions
* China industrial profits rebound in first two months of 2024
* The decades-long expansion of US businesses in China is stalling
* US home prices continue to rise at robust year-over-year pace in January
* US Consumer Confidence Index edges up in March, holding in middling range
* Durable goods orders rebound in Feb, including this business-investment proxy:

Small-cap stocks (Russell 2000 Index) in the US have suffered the most relative to large caps (S&P 500 Index) since the 1990s. “I’ve been investing in small-caps for almost 30 years and you haven’t seen big money moving into the space since 2016 or 2017,” says Greg Tuorto, a small-cap portfolio manager at Goldman Sachs Asset Management.