Vietnam Insight

The S&P 500 hits a new record high, easing concerns over tariffs and geopolitical risks. US stock futures rose on Monday as Wall Street aimed to close out a strong June, with both the S&P 500 and Nasdaq Composite hitting new all-time highs. For the month, the S&P 500 has gained 4.42%, the Nasdaq 6.07%, and the Dow Jones Industrial Average 3.67%. The rally has been fueled by the Trump administration's decision to scale back sweeping reciprocal tariffs, alongside investor optimism over progress in trade negotiations ahead of key deadlines. On Friday, equities extended gains after Commerce Secretary Howard Lutnick announced that the US and China had finalized a trade framework. Attention now turns to the Senate, where lawmakers are debating President Donald Trump’s "big beautiful bill," which proposes substantial spending increases and tax cuts. Meanwhile, a growing number of S&P 500 companies are issuing upbeat earnings guidance for the second quarter, buoyed by easing tariff pressures and reduced geopolitical uncertainty.

Upward trend. VNINDEX closed at 1,371.44 (+5.77 points, +0.42%) with a decrease in liquidity. The market saw 163 advancing stocks and 138 declining stocks. The stock group contributing most strongly to the market's gain included MSN, VHM, and VNM, while MBB, GAS, and STB contributed to the market's decline. Foreign investors net-sold approximately 12 billion VND, primarily in VCI and FPT 

Trading Strategy: Investors are temporarily holding off on buying stocks that have already seen strong gains, as capital may shift toward stocks trading below their 200-day or 50-day moving averages. For new buying positions, priority can be given to real estate and banking stocks that are trading at low levels with a consolidation base; however, the allocation should remain modest