{"id":29788,"date":"2026-03-06T21:57:18","date_gmt":"2026-03-06T21:57:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ocakta-abd-perakende-satislari-yuzde-02-dususle-7335-milyar-dolara-geriledi-onceki-ayin-yatay-seyrinin-ardindan-beklentileri-asti\/"},"modified":"2026-03-06T21:57:18","modified_gmt":"2026-03-06T21:57:18","slug":"ocakta-abd-perakende-satislari-yuzde-02-dususle-7335-milyar-dolara-geriledi-onceki-ayin-yatay-seyrinin-ardindan-beklentileri-asti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ocakta-abd-perakende-satislari-yuzde-02-dususle-7335-milyar-dolara-geriledi-onceki-ayin-yatay-seyrinin-ardindan-beklentileri-asti\/","title":{"rendered":"Ocak\u2019ta ABD perakende sat\u0131\u015flar\u0131 y\u00fczde 0,2 d\u00fc\u015f\u00fc\u015fle 733,5 milyar dolara geriledi; \u00f6nceki ay\u0131n yatay seyrinin ard\u0131ndan beklentileri a\u015ft\u0131"},"content":{"rendered":"ABD N\u00fcfus Say\u0131m B\u00fcrosu (US Census Bureau) Cuma g\u00fcn\u00fc yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, ABD Perakende Sat\u0131\u015flar\u0131n\u0131n (Retail Sales) Ocak ay\u0131nda ayl\u0131k bazda %0,2 gerileyerek 733,5 milyar dolara indi\u011fini bildirdi. Bir \u00f6nceki ayda de\u011fi\u015fim g\u00f6r\u00fclmemi\u015fti. Veri, %0,3 d\u00fc\u015f\u00fc\u015f beklentisinden daha iyi geldi.\n\nY\u0131ll\u0131k bazda Perakende Sat\u0131\u015flar Ocak ay\u0131nda %3,2 artt\u0131. Rapora g\u00f6re perakende ticaret sat\u0131\u015flar\u0131 Aral\u0131k 2025\u2019e g\u00f6re %0,2 d\u00fc\u015ferken ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %3,0 y\u00fckseldi.\n\n

Perakende Sat\u0131\u015flarda Detay \u00d6ne \u00c7\u0131kanlar<\/h3>\nMa\u011faza d\u0131\u015f\u0131 perakendeciler (nonstore retailers: internet ve katalog gibi fiziksel ma\u011faza d\u0131\u015f\u0131nda yap\u0131lan sat\u0131\u015flar) ge\u00e7en y\u0131la g\u00f6re %10,9 art\u0131\u015f kaydetti. Yiyecek-i\u00e7ecek hizmetleri (food service and drinking places: restoran, kafe ve barlar) Ocak 2025\u2019e g\u00f6re %3,9 y\u00fckseldi.\n\nVeri sonras\u0131 ABD Dolar\u0131 baz\u0131 kazan\u00e7lar\u0131n\u0131 geri verdi; ABD Dolar Endeksi (US Dollar Index: dolar\u0131n ba\u015fl\u0131ca para birimlerine kar\u015f\u0131 de\u011ferini g\u00f6steren endeks) ise 99,00 seviyesinin \u00fczerinde kald\u0131. 6 Mart saat 14:56 GMT tarihli bir d\u00fczeltmede, raporun Sal\u0131 de\u011fil Cuma g\u00fcn\u00fc yay\u0131mland\u0131\u011f\u0131 belirtildi.\n\nOcak ay\u0131 perakende sat\u0131\u015f verisi beklentiden biraz daha iyi gelse de t\u00fcketici harcamalar\u0131nda bir yava\u015flaman\u0131n ba\u015flad\u0131\u011f\u0131n\u0131 teyit ediyor. 2025 boyunca g\u00f6r\u00fclen faiz art\u0131\u015flar\u0131 (interest rate hikes: politika faizinin y\u00fckseltilmesi) muhtemelen hane b\u00fct\u00e7eleri \u00fczerinde etkisini g\u00f6stermeye ba\u015flad\u0131. Bu nedenle ABD Merkez Bankas\u0131\u2019n\u0131n (Federal Reserve, Fed) \u015fahin duru\u015funu (hawkish stance: enflasyonla m\u00fccadele i\u00e7in faizleri y\u00fcksek tutma e\u011filimi) \u00f6n\u00fcm\u00fczdeki aylarda yumu\u015fatmas\u0131 beklenebilir.\n\nCME Group verilerine g\u00f6re Haziran toplant\u0131s\u0131nda faiz indirimi (rate cut: politika faizinin d\u00fc\u015f\u00fcr\u00fclmesi) olas\u0131l\u0131\u011f\u0131 ge\u00e7en hafta %20 iken %35\u2019e y\u00fckseldi. Bu, yat\u0131r\u0131mc\u0131lar\u0131n Hazine tahvili ETF\u2019lerinde (Treasury bond ETFs: ABD devlet tahvillerini izleyen borsa yat\u0131r\u0131m fonlar\u0131) opsiyonlara (options: belirli bir tarihe kadar belirli fiyattan al\u0131m\/sat\u0131m hakk\u0131 veren kontrat) y\u00f6nelebilece\u011fine i\u015faret ediyor; t\u00fcketici zay\u0131fl\u0131\u011f\u0131 s\u00fcrerse getirilerin (yields: tahvil faizi) d\u00fc\u015fmesi hedeflenebilir. 2023\u2019te de piyasa Fed\u2019in politika d\u00f6n\u00fc\u015f\u00fcn\u00fc (policy pivot: faiz politikas\u0131nda y\u00f6n de\u011fi\u015fimi) \u00f6nceden fiyatlamaya \u00e7al\u0131\u015f\u0131rken benzer bir spek\u00fclasyon g\u00f6r\u00fclm\u00fc\u015ft\u00fc.\n\n

Piyasa Pozisyonlanmas\u0131na Etkileri<\/h3>\nHisse senedi yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in rapor, piyasada belirgin bir ayr\u0131\u015fmaya i\u015faret ediyor. Genel sat\u0131\u015flardaki zay\u0131fl\u0131k, geni\u015f t\u00fcketici tercihi\/iste\u011fe ba\u011fl\u0131 harcama (consumer discretionary: gelir art\u0131nca daha \u00e7ok al\u0131nan, zorunlu olmayan \u00fcr\u00fcnler) odakl\u0131 ETF\u2019ler i\u00e7in olumsuz; yat\u0131r\u0131mc\u0131lar korunma (hedge: riski azaltma) amac\u0131yla put opsiyonu (put options: gelecekte belirli fiyattan satma hakk\u0131) alabilir. Buna kar\u015f\u0131l\u0131k ma\u011faza d\u0131\u015f\u0131 sat\u0131\u015flardaki g\u00fc\u00e7lenme, b\u00fcy\u00fck e-ticaret ve teknoloji odakl\u0131 \u015firketler i\u00e7in daha iyimser bir g\u00f6r\u00fcn\u00fcm\u00fc destekliyor.\n\nBu tablo, 2025\u2019in son \u00e7eyre\u011finde g\u00f6r\u00fclen e\u011filimi de g\u00fc\u00e7lendiriyor: T\u00fcketici tercihi hisseleri, zorunlu t\u00fcketim (staples: g\u0131da, temizlik gibi temel ihtiya\u00e7 \u00fcr\u00fcnleri) hisselerinin %4 gerisinde kalm\u0131\u015ft\u0131. Bir \u201c\u00e7ift i\u015flem\u201d (pairs trade: iki varl\u0131kta z\u0131t y\u00f6nl\u00fc pozisyon alarak g\u00f6reli performansa oynamak) olarak, zorunlu t\u00fcketimde uzun (long: fiyat art\u0131\u015f\u0131ndan kazan\u00e7 hedefleyen pozisyon) ve tercihi t\u00fcketimde k\u0131sa (short: fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleyen pozisyon) duru\u015f mant\u0131kl\u0131 g\u00f6r\u00fcn\u00fcyor. Online sat\u0131\u015flardaki b\u00fcy\u00fcme, \u00f6nde gelen teknoloji perakendecilerinde al\u0131m opsiyonlar\u0131n\u0131 (call options: gelecekte belirli fiyattan alma hakk\u0131) da g\u00fcndemde tutuyor.\n\nABD Dolar\u0131\u2019n\u0131n son d\u00f6nemdeki g\u00fcc\u00fc de bu raporla bask\u0131lanabilir. Dolar endeksi (DXY) 2025\u2019te %8\u2019in \u00fczerinde y\u00fckselmi\u015fti; ana neden, ABD faizlerinin di\u011fer \u00fclkelere k\u0131yasla daha uzun s\u00fcre y\u00fcksek kalaca\u011f\u0131 beklentisiydi. Yeni veri bu varsay\u0131m\u0131 zay\u0131flat\u0131yor.\n\nBu \u00e7er\u00e7evede DXY\u2019nin 99,00 \u00fczerinde tutunup tutunamayaca\u011f\u0131 izlenecek. E\u011fer a\u015fa\u011f\u0131 k\u0131r\u0131l\u0131rsa, Euro veya Japon Yeni gibi para birimlerinde dolara kar\u015f\u0131 al\u0131m opsiyonlar\u0131 de\u011ferlendirmeye ba\u015flayabilir. Bir sonraki enflasyon raporu, t\u00fcketici harcamas\u0131ndaki yava\u015flaman\u0131n fiyatlara (enflasyon) daha d\u00fc\u015f\u00fck art\u0131\u015f olarak yans\u0131y\u0131p yans\u0131mad\u0131\u011f\u0131n\u0131 g\u00f6rmek a\u00e7\u0131s\u0131ndan kritik olacak.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

ABD\u2019de perakende sat\u0131\u015flar Ocak\u2019ta %0,2 d\u00fc\u015ferek 733,5 milyar $ oldu; beklentiden iyi. Y\u0131ll\u0131k %3,2 art\u0131\u015f var. Harcama yava\u015fl\u0131yor, Fed indirimi ihtimali %35\u2019e \u00e7\u0131kt\u0131, DXY bask\u0131 alt\u0131nda.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-29788","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=29788"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}