Vietnam Insight

Global stocks remain stable, the market predicts the Fed will keep rates unchanged in January and March. US stocks rallied on a shortened trading day for Christmas Eve, with the S&P 500 gaining 1.1% and the Dow Jones adding 390 points, marking its best performance on the holiday since 2022. The Nasdaq 100 led the rally, rising 1.3%, its strongest Christmas Eve performance since 2000. Wall Street is now focused on the outlook for interest rates, with most expecting the Fed to keep rates steady in January and March

Liquidity slightly improves, market remains stable. The VNINDEX closed at 1,260.36 points, down 2.4 points (-0.19%) with improved liquidity, higher than the 20-day average. Sector performance was mixed. Foreign investors were net buyers of 45 billion. The market seems only willing to participate at lower levels and quickly book profits, making it difficult for the market to sustain a strong trend and surpass 1,300 at the present time. Additionally, capital tends to seek out smaller cap stocks with unique stories

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.