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Can anything derail the 'Goldilocks' economy?

April 8, 2021. Summarized by summa-bot.

Compression ratio: 21.4%. 1 min read.

HUNTINGTON BEACH, CA - APRIL 06: People eat outside along Main St. in Huntington Beach, CA on Tuesday, April 6, 2021. "nState health officials announced schools and businesses in California should be able to fully reopen at their pre-pandemic capacities starting June 15. (Photo by Paul Bersebach/Orange County Register via Getty Images)

America's economy could be heading for a golden era of growth. But higher prices and the coronavirus pandemic still present risks.

Dimon's optimism comes after the International Monetary Fund said that President Joe Biden's $1. 9 trillion stimulus package will boost the US economy to 6. 4% growth this year.

The latest: Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers, sold a 2% stake in Tencent, the Chinese tech giant said in a Hong Kong Stock Exchange filing on Thursday.

Tencent (TCEHY), which reported a strong financial year during the pandemic, is by far Nasper's most successful investment, my CNN Business colleague Laura He reports.

Investor insight: Tencent's stock dropped 1. 5% on Thursday in Hong Kong after the news.

So far, the company isn't providing many details; in a statement, it said it plans to "use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes. "

But investors shouldn't ignore smaller stocks, my CNN Business colleague Paul R.

Smaller stocks began to rally at the end of 2020 after getting hit hard during the onset of the Covid-19 pandemic in the United States a year ago.

"Even after a rotation towards value and small cap stocks in recent months, relative to history they still look cheap compared to large-cap growth stocks and should benefit from a very strong economic surge," said David Kelly, chief global strategist with JPMorgan Funds.

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