{"id":29829,"date":"2026-03-08T19:57:26","date_gmt":"2026-03-08T19:57:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/sp-500-zayif-istihdam-verileri-ve-dusuk-isgucune-katilimin-hayal-kirikligi-yaratmasiyla-persembe-gunku-toparlanmayi-tersine-cevirerek-temkinli-bir-geri-cekilme-yasadi\/"},"modified":"2026-03-08T19:57:26","modified_gmt":"2026-03-08T19:57:26","slug":"sp-500-zayif-istihdam-verileri-ve-dusuk-isgucune-katilimin-hayal-kirikligi-yaratmasiyla-persembe-gunku-toparlanmayi-tersine-cevirerek-temkinli-bir-geri-cekilme-yasadi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/sp-500-zayif-istihdam-verileri-ve-dusuk-isgucune-katilimin-hayal-kirikligi-yaratmasiyla-persembe-gunku-toparlanmayi-tersine-cevirerek-temkinli-bir-geri-cekilme-yasadi\/","title":{"rendered":"S&#038;P 500, zay\u0131f istihdam verileri ve d\u00fc\u015f\u00fck i\u015fg\u00fcc\u00fcne kat\u0131l\u0131m\u0131n hayal k\u0131r\u0131kl\u0131\u011f\u0131 yaratmas\u0131yla Per\u015fembe g\u00fcnk\u00fc toparlanmay\u0131 tersine \u00e7evirerek temkinli bir geri \u00e7ekilme ya\u015fad\u0131"},"content":{"rendered":"ABD hisseleri, per\u015fembe g\u00fcnk\u00fc ge\u00e7 toparlanmay\u0131 kal\u0131c\u0131 k\u0131lamad\u0131 ve tar\u0131m d\u0131\u015f\u0131 istihdam (NFP: tar\u0131m hari\u00e7 yeni istihdam say\u0131s\u0131) verisi \u00f6ncesi geriledi. NFP ile birlikte i\u015fsizlik oran\u0131 ve i\u015fg\u00fcc\u00fcne kat\u0131l\u0131m oran\u0131 beklentiden zay\u0131f geldi; hem\u015fire grevi de veriyi a\u015fa\u011f\u0131 \u00e7ekti.\n\nArd\u0131ndan faiz indirimi beklentileri, finans hisseleri dahil olmak \u00fczere borsay\u0131 toparlad\u0131. Yar\u0131 iletkenlerdeki (\u00e7ip \u00fcreticileri) sat\u0131\u015f bask\u0131s\u0131 hafifledi; bu da Nasdaq\u2019\u0131n NFP \u00f6ncesi seviyesine d\u00f6nmesine yard\u0131m etti.\n\n<h3>Piyasa Yayg\u0131nl\u0131\u011f\u0131 Ve G\u00fcn Sonu Sat\u0131\u015flar\u0131<\/h3>\nTeknoloji hisselerinin S&#038;P 500\u2019e oran\u0131 (teknolojinin piyasan\u0131n geneline g\u00f6re performans\u0131) k\u0131sa vadeli bir \u201ckar\u015f\u0131 trend\u201d y\u00fckseli\u015fe i\u015faret etti. Ancak son iki saatte piyasa yayg\u0131nl\u0131\u011f\u0131 (y\u00fckselen hisse say\u0131s\u0131n\u0131n d\u00fc\u015fenlere oran\u0131) bozulurken istikrarl\u0131 sat\u0131\u015f geldi. Bu hareketin olmas\u0131 i\u00e7in ABD dolar\u0131n\u0131n y\u00fckselmesi de gerekmedi.\n\nPiyasalar, \u0130ran kaynakl\u0131 gerilimi \u015fimdilik s\u0131n\u0131rl\u0131 ve k\u0131sa s\u00fcreli fiyatl\u0131yor. Bu durum petrol vadeli i\u015flemlerindeki \u201cbackwardation\u201d (yak\u0131n vadeli kontratlar\u0131n fiyat\u0131n\u0131n daha uzun vadeli kontratlardan daha y\u00fcksek olmas\u0131) ile g\u00f6r\u00fcl\u00fcyor: yaz sonu kontratlar\u0131 s\u0131n\u0131rl\u0131 fiyatlan\u0131rken, sadece en yak\u0131n vade sert y\u00fckseldi.\n\nAlt\u0131n, faiz indirimi beklentileri artsa da g\u00fc\u00e7l\u00fc bir s\u0131\u00e7rama yapmad\u0131. Piyasan\u0131n genel g\u00f6r\u00fc\u015f\u00fc, s\u0131n\u0131rl\u0131 kan\u0131ta ra\u011fmen \u00e7at\u0131\u015fman\u0131n yak\u0131nda bitece\u011fi y\u00f6n\u00fcnde. Ayr\u0131ca daha \u00f6nce petrol ve benzin fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015flerin ard\u0131ndan, dikkat ara se\u00e7imlere ve yakla\u015fan enflasyon verilerine de kay\u0131yor.\n\nZay\u0131f istihdam verisi sonras\u0131 piyasan\u0131n toparlanmay\u0131 koruyamamas\u0131, oynakl\u0131\u011f\u0131n (fiyatlar\u0131n sert ve h\u0131zl\u0131 dalgalanmas\u0131) \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Cuma g\u00fcn\u00fc sadece 95 bin yeni istihdam art\u0131\u015f\u0131, faiz indirimi beklentilerini g\u00fc\u00e7lendirse bile, ekonomide belirgin yava\u015flamaya i\u015faret ediyor. Bu belirsizlik, \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in SPY \u00fczerinde koruyucu \u201cput\u201d (sat\u0131m opsiyonu; fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 sigorta) al\u0131m\u0131n\u0131 g\u00fcndeme getiriyor; g\u00fcn sonu sat\u0131\u015flar\u0131 da piyasada \u201cikna\u201dn\u0131n zay\u0131f oldu\u011funu g\u00f6sterdi.\n\nTeknoloji ile piyasan\u0131n geneli aras\u0131ndaki ayr\u0131\u015fma \u00f6nemli bir i\u015flem alan\u0131. Nasdaq 100, Mart 2026 ba\u015f\u0131ndan bu yana S&#038;P 500\u2019\u00fc %3\u2019ten fazla geride b\u0131rakt\u0131; bunun temel nedeni daha d\u00fc\u015f\u00fck faiz beklentisi. Bu ayr\u0131\u015fma, QQQ\u2019da \u201ccall\u201d (al\u0131m opsiyonu; fiyat y\u00fckseli\u015finden faydalanma) al\u0131p, ekonomiye daha duyarl\u0131 sekt\u00f6rlerde (\u00f6r. finans, XLF) \u201cput\u201d ile korunma gibi stratejilere alan a\u00e7\u0131yor.\n\n<h3>\u0130ran Riski Ve Petrol Piyasas\u0131nda Korunma<\/h3>\n\u0130ran\u2019daki \u00e7at\u0131\u015fman\u0131n k\u0131sa vadeli g\u00f6r\u00fclen bir sorun haline getirilmesi, piyasada riskin oldu\u011fundan d\u00fc\u015f\u00fck fiyatland\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Petrol vadeli i\u015flemlerindeki derin backwardation buna i\u015faret ediyor: Brent\u2019te en yak\u0131n vade 95 dolar\u0131n \u00fczerindeyken, aral\u0131k vadeleri 82 dolar civar\u0131nda kal\u0131yor. Bu durum, olas\u0131 uzun s\u00fcrecek bir gerilime kar\u015f\u0131 USO gibi petrol ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) uzun vadeli call opsiyonlar\u0131n\u0131 g\u00fc\u00e7l\u00fc bir korunma arac\u0131 haline getiriyor.\n\nEnerji fiyatlar\u0131n\u0131n y\u00fckselmesi, piyasan\u0131n bekledi\u011fi faiz indirimlerini do\u011frudan zorlayarak Fed i\u00e7in zor bir tablo olu\u015fturur. Benzerini 2022\u2019de g\u00f6rd\u00fck: kal\u0131c\u0131 enflasyon, politika yap\u0131c\u0131lar\u0131 beklenenden daha sert ad\u0131mlara itti. Yakla\u015fan enflasyon verileri yukar\u0131 s\u00fcrpriz yaparsa, TLT gibi Hazine tahvili ETF\u2019lerinde \u201cput\u201d (tahvil fiyat\u0131 d\u00fc\u015f\u00fc\u015f\u00fcnden faydalanma; faizler y\u00fckselirse tahvil fiyat\u0131 d\u00fc\u015fer) iyi performans g\u00f6sterebilir.\n\nPiyasa, 2025 sonundaki 90 g\u00fcnl\u00fck g\u00fcmr\u00fck vergisi \u201cduraklamas\u0131na\u201d benzer \u015fekilde, net bir tansiyon d\u00fc\u015f\u00fc\u015f\u00fc sinyali bekliyor. CBOE Volatilite Endeksi (VIX: piyasadaki beklenen oynakl\u0131\u011f\u0131 g\u00f6steren endeks) 20\u2019nin \u00fczerinde kal\u0131yor; bu da yat\u0131r\u0131mc\u0131lar\u0131n sert bir hareket olas\u0131l\u0131\u011f\u0131n\u0131 h\u00e2l\u00e2 fiyatlad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu kataliz\u00f6r gelene kadar, ana endekslerde \u201cstraddle\u201d (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alma; b\u00fcy\u00fck hareket beklenirken y\u00f6n kesin de\u011filse kullan\u0131lan strateji) kullanmak gerilimin artt\u0131\u011f\u0131 ortamda etkili olabilir.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Piyasalar NFP \u015fokuyla sars\u0131ld\u0131, faiz indirimi umudu ge\u00e7ici destek verdi. G\u00fcn sonu sat\u0131\u015flar\u0131 iknan\u0131n zay\u0131f oldu\u011funa i\u015faret. \u0130ran riski d\u00fc\u015f\u00fck fiyatlan\u0131yor: petrol backwardation, opsiyonla korunmay\u0131 \u00f6ne \u00e7\u0131kar\u0131yor.<\/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-29829","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\/29829","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=29829"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29829\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}