Vietnam Insight

Highlights:

• The 2024 Jackson Hole Symposium will be held from August 22nd to 24th in Jackson Hole, Wyoming, USA. This annual economic policy symposium is hosted by the Federal Reserve Bank of Kansas City.
• According to data released by the U.S. Bureau of Labor Statistics on August 21st, annual job growth in the U.S. through March 2024 was lower than initially expected.

Technical view: VNINDEX closed the week at 1,285 (+33.09 points, +2.64%) with continued high liquidity. The banking and real estate sectors took turns driving the market. The short-term trend is upward, with resistance at the old peak of 1,300; however, profit-taking pressure in this area will become increasingly strong as the index has risen significantly in recent sessions.

Investment Ideas: We recommend that investors participate in groups of stocks with solid foundations and signs of a bullish reversal with high liquidity. Recommended sectors are: Banking, exports, and real estate, which are likely to attract money inflow based on expectations of a Federal Reserve interest rate cut.

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