Vietnam Insight

Negotiations are still ongoing. US stock futures edged lower on Monday after President Donald Trump confirmed that tariffs will take effect on August 1. Commerce Secretary Howard Lutnick stated on Sunday that the new duties are scheduled to resume next month, adding that the President is currently determining the final rates amid ongoing negotiations—an assertion Trump affirmed. Earlier in the day, Treasury Secretary Scott Bessent stated that tariffs would revert to April 2 levels if no trade deal is reached by August 1. Trump’s 90-day reprieve on reciprocal tariffs, originally set to expire this week, has been extended due to stalled talks. Last week, the S&P 500 and Nasdaq Composite rose 1.72% and 1.62%, respectively, both hitting fresh record highs on optimism over easing trade tensions. The Dow also gained 2.3%, approaching new all-time highs. Looking ahead, investors are eyeing the upcoming earnings season for new market drivers.

Bullish momentum slows as it approaches 1,400. VNINDEX closed at 1,386.97 (+5.01 points, +0.36%) with higher liquidity than average. The market had 204 stocks increasing and 101 stocks decreasing. The group of stocks contributing the most to the market's increase were FPT, VCB, ACB while VIC VHM GVR contributed to the market's decrease. Foreign investors net bought about 1,780 billion, the value mainly concentrated in FPT and ACB stocks.

Trading Strategy: Investors should be more cautious as the market has increased sharply in the recent period. If you buy new stocks, you can buy with a low proportion, prioritizing groups that closely follow the MA 20/50/200 support. Investors with a safe appetite can disburse with stocks that are around the accumulation base such as banks.