Vietnam Insight

 S&P 500, Nasdaq extends record as FED rate cut bets. Stocks in the US closed higher on Wednesday, extending their recent momentum as growing expectations for a Federal Reserve rate cut in September continued to lift sentiment. The S&P 500 gained 0.3% and the Nasdaq added 0.1%, with both indexes briefly hitting record highs, while the Dow Jones advanced 463 points. The rally built on Tuesday’s surge, sparked by a softer-than-expected inflation reading that reinforced bets on monetary easing, with traders fully pricing in a September cut and some anticipating a 50 basis-point move.

Waiting for trend confirmation. VNINDEX closed at 1,611.6 (+3.38 points, +0.21%) with liquidity higher than the 20-session average. The market had 164 stocks increasing and 165 stocks decreasing. The group of stocks contributing the most to the market's increase were MBB, CTG, MSN while VPB VCB FPT contributed to the market's decrease. Foreign investors net sold about 1,480 billion, of which 1,078 billion was from FPT.

Trading Strategy: In technical correction sessions around 1,510-1,550 points, investors can consider partial disbursement in stocks with good business results and benefiting from market upgrade expectations. In case institutional cash flow does not reappear in the 1,450-1,510 point area, investors can reduce the proportion of stocks to manage risks.