Global stocks maintained their recovery momentum during the week of the Lunar New Year holiday. Global stocks extended the recovery chain with the green color prevailed. On Wall Street, Advance U.S. GDP in Q4/2022 grew 2.9% q/q, better than forecast along with the core PCE index, the Fed's preferred inflation gauge, falling to its lowest level in more than a year was 4.4% in December 2022. This further reinforces the expectation that the FED will slow down and stop its monetary tightening cycle soon.
Domestic stocks extended their rally even though profit-taking pressure started to return. The Ministry of Transport drastically disbursed public investment capital after Tet. The most prominent event of the transport industry in 2023 is the simultaneous commencement of all 12 North-South expressway component projects, phase II 2021 - 2025, right at the beginning of the year
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- Technical view and recommendations
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