Vietnam Insight

Highlights:

• In June 2024, the US CPI fell 0.1% from the previous month, the first decline since May 2020. Compared to the same period last year, the US CPI rose 3%, which is also the lowest level in more than 3 years and down from 3.3% in May.
• USD exchange rate today 12/7/2024: The USD continues to "plummet" to 104
• On July 9, FED Chairman Powell said inflation is "still above" the 2% target. However, the data has improved in recent months. He noted that "more good data will support" the Fed's ability to cut rates.

Technical view: VNINDEX had a week of trading down slightly in the 1,280-1,300 resistance zone, closing at 1,280 (-2.29; -0.18%) with low liquidity maintained. On the daily chart, the decline in liquidity when prices fall shows that the selling pressure is relatively weak. The market trend is currently trading sideways in the range of 1,240 - 1,290. Only when VNINDEX completely breaks out of the 1,300 zone will it confirm that the uptrend will continue.

Investment Ideas: Investors should only disburse to take positions at the bottom edge of the 1,240 support zone, rather than disbursing strongly near the 1,300 peak. Prioritize retail, steel and real estate groups with expectations of recovery by the end of the year.

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data