Vietnam Insight

US stocks continue to hit new highs – the probability of a Fed rate cut rises. The S&P 500 edged to a new record close on Tuesday, and the Nasdaq 100 gained 0.4%, building on Monday's record finish. Meanwhile, the Dow slipped 76 points as investors awaited fresh market catalysts. Investors digested stronger-than-expected October JOLTS data, with job openings rising by 372,000 to 7.74 million, while the quits rate increased to 2.1%, signaling worker confidence. Markets now see a 74% chance of a Fed rate cut on December 18, up from 62% a day earlier.

Resistance appears but cannot overwhelm the buyers. VN-Index showed little movement during the trading session, with liquidity improving but still below the average level. Both buyers and sellers are relatively hesitant in their trades. We believe that in the short term, the range of 1,200-1,270 points will be the dominant trend for the VN-Index.

Focus: Initial Valuation of SZC