Vietnam Insight

Global stocks tumble – The Fed announces only two interest rate cuts in 2025. During regular trading on Wednesday, the Dow dropped 1,123.03 points, or 2.58%, marking its 10th consecutive day of losses—the longest losing streak since 1974. The S&P 500 and Nasdaq Composite also fell sharply, losing 2.95% and 3.56%, respectively. The downturn followed the Fed's decision to implement a widely expected quarter-point rate cut, coupled with the news that the central bank plans fewer rate reductions next year than previously anticipated. The Fed now projects only two rate cuts in 2025, down from the four cuts it had forecast in September. The Fed also lowered its forecast for the unemployment rate and raised expectations for core inflation and economic growth, sending Treasury yields higher. 

The oil and gas sector shows signs of attracting capital. VNINDEX closed at 1,263.79, up 1.22 points (+0.1%) with lower-than-average trading volume compared to the past 20 sessions. . Most sectors recovered slightly, with notable strength in the oil and gas sector. Foreign investors net buy 6 billion dong. In a baseline scenario, the VN-Index needs to form a narrow range with strong volume absorption before challenging the 1,290-1,300 resistance levels.

Trading Strategy: Many stocks have reached their target profit levels, allowing short-term traders to partially sell and lock in profits. Consider completely exiting positions when the VN-Index approaches the 1,300 level.

Sell recommendation: MWG NTP