port update:
65% stock (vic) - 35% hedging (25)

rationality:
1. worldwide indices down for 2 consecutive days following Fitch’s us debt downgrade.
2. pmi manafucturing weakening in EU, US, China
3. oil price soared up 13% in July, putting more pressure to inflation.
4. usd/vnd showing upshooting signal, sbv would consider carefully its QE
5. vnindex just had a bull run for 200 pts in the last 3 months, majority of stock is stretched and profoundly disconnected to its fundamental, based solely on the belief that everything would only get better on 2H2023-2024

