{"id":30564,"date":"2026-03-18T01:01:19","date_gmt":"2026-03-18T01:01:19","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-hisseleri-ikinci-seansi-da-hafif-yukselisle-surdurdu-fed-karari-yaklasirken-dow-47-bin-seviyesine-yakin\/"},"modified":"2026-03-18T01:01:19","modified_gmt":"2026-03-18T01:01:19","slug":"abd-hisseleri-ikinci-seansi-da-hafif-yukselisle-surdurdu-fed-karari-yaklasirken-dow-47-bin-seviyesine-yakin","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-hisseleri-ikinci-seansi-da-hafif-yukselisle-surdurdu-fed-karari-yaklasirken-dow-47-bin-seviyesine-yakin\/","title":{"rendered":"ABD hisseleri ikinci seans\u0131 da hafif y\u00fckseli\u015fle s\u00fcrd\u00fcrd\u00fc; Fed karar\u0131 yakla\u015f\u0131rken Dow 47 bin seviyesine yak\u0131n"},"content":{"rendered":"ABD hisseleri sal\u0131 g\u00fcn\u00fc ikinci kez y\u00fckseldi. Dow yakla\u015f\u0131k %0,30 art\u0131\u015fla 47.000\u2019e yak\u0131n seyrederken, S&#038;P 500 ve Nasdaq da yakla\u015f\u0131k %0,30 y\u00fckseldi.\n\nPiyasalar, \u00e7ar\u015famba g\u00fcn\u00fc TS\u0130 21.00\u2019de a\u00e7\u0131klanacak FOMC (ABD Merkez Bankas\u0131 politika kurulu) karar\u0131 \u00f6ncesinde temkinli kald\u0131. CME FedWatch\u2019e g\u00f6re faizin %3,50\u2013%3,75 aral\u0131\u011f\u0131nda sabit kalma olas\u0131l\u0131\u011f\u0131 %94; odakta SEP (Fed\u2019in ekonomik tahmin \u00f6zeti) ve dot plot (yetkililerin gelecek faiz beklentilerini g\u00f6steren nokta grafi\u011fi) var.\n\n<h3>Fed Toplant\u0131s\u0131 Odakta<\/h3>\nBu, \u0130ran\u2019daki \u00e7at\u0131\u015fmalar\u0131n ba\u015flamas\u0131ndan ve Brent petrol\u00fcn varil ba\u015f\u0131na 100 dolar\u0131n \u00fczerine \u00e7\u0131kmas\u0131ndan bu yana ilk SEP g\u00fcncellemesi. Piyasada faiz indirimi beklentisi, haziranda indirim ve eyl\u00fclde olas\u0131 ad\u0131m senaryosundan uzakla\u015f\u0131p, daha \u00e7ok Aral\u0131k 2026\u2019da tek indirime kayd\u0131; daha erken bir indirim beklenmiyor.\n\nBrent, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki olas\u0131 arz aksamas\u0131 (petrol sevkiyat\u0131n\u0131n kesintiye u\u011framas\u0131) riskleri nedeniyle sal\u0131 g\u00fcn\u00fc yakla\u015f\u0131k %2 y\u00fckselerek 100 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. S&#038;P 500\u2019de enerji hisseleri yakla\u015f\u0131k %2 ile y\u00fckseli\u015fe \u00f6nc\u00fcl\u00fck etti; Exxon Mobil ve Occidental Petroleum %1\u2019in \u00fczerinde artt\u0131. Alt\u0131n ise ons ba\u015f\u0131na 5.000 dolar\u0131n \u00fczerinde kald\u0131 (ons: alt\u0131n gibi de\u011ferli metallerde kullan\u0131lan \u00f6l\u00e7\u00fc birimi).\n\nDelta Air Lines, 1. \u00e7eyrek gelir b\u00fcy\u00fcmesi beklentisini %5\u2013%7 aral\u0131\u011f\u0131ndan \u201cy\u00fcksek tek haneli\u201d seviyelere y\u00fckselttikten sonra %4\u2019\u00fcn \u00fczerinde prim yapt\u0131. American ve JetBlue da y\u00fckseldi.\n\nDow\u2019da Goldman Sachs, IBM ve American Express\u2019in her biri %2\u2019nin \u00fczerinde artt\u0131. S&#038;P 500\u2019\u00fcn 11 sekt\u00f6r\u00fcnden 6\u2019s\u0131 gerilerken, Johnson &#038; Johnson ve Amgen zay\u0131f kald\u0131.\n\n<h3>Piyasa Konumlanmas\u0131 ve Riskler<\/h3>\nNvidia, 2027\u2019ye kadar yapay zek\u00e2 \u00e7ip gelirinin 1 trilyon dolara ula\u015fabilece\u011fini \u00f6ng\u00f6rd\u00fckten sonra s\u0131n\u0131rl\u0131 y\u00fckseldi. KKR, Blackstone ve BlackRock %3\u2013%5 artt\u0131.\n\nFed karar\u0131 yaln\u0131zca saatler uzaktayken, odak yeni dot plot\u2019ta olmal\u0131. Piyasa faizin sabit kalmas\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde fiyatlam\u0131\u015f olsa da, ima edilen volatilite (opsiyon fiyatlar\u0131n\u0131n ima etti\u011fi beklenen oynakl\u0131k) y\u00fcksek; VIX endeksi (S&#038;P 500 i\u00e7in \u201ckorku endeksi\u201d, oynakl\u0131k g\u00f6stergesi) 20\u2019ye yak\u0131n seyrediyor. Bu da ileriye d\u00f6n\u00fck faiz patikas\u0131 konusunda belirsizli\u011fe i\u015faret ediyor. \u015eahin (hawkish: faizde s\u0131k\u0131 duru\u015f) bir s\u00fcrpriz, \u00f6rne\u011fin aral\u0131k i\u00e7in fiyatlanan tek indirimin beklentilerden \u00e7\u0131kmas\u0131, sert hareketlere yol a\u00e7abilir.\n\nBrent petrol\u00fcn 100 dolar\u0131n \u00fczerinde kalmas\u0131na neden olan \u00e7at\u0131\u015fma, enflasyon endi\u015felerinin ve Fed\u2019in temkinli duru\u015funun ana unsuru. Enerji sekt\u00f6r\u00fcnde al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) kullan\u0131m\u0131, y\u0131lba\u015f\u0131ndan bu yana yakla\u015f\u0131k %15 y\u00fckselen bu alanda y\u00fckseli\u015f y\u00f6nl\u00fc temel pozisyon olarak \u00f6ne \u00e7\u0131k\u0131yor. Tarihsel olarak bu seviyelerde kal\u0131c\u0131 petrol fiyatlar\u0131 t\u00fcketici harcamalar\u0131n\u0131 bask\u0131lar; bu nedenle perakende ve ula\u015ft\u0131rma ETF\u2019lerinde (borsa yat\u0131r\u0131m fonu: endeksi takip eden i\u015flem g\u00f6ren fon) korunma ama\u00e7l\u0131 sat\u0131m opsiyonu (put: belirli fiyattan satma hakk\u0131) almak mant\u0131kl\u0131 bir dengeleyici olabilir.\n\nFaiz vadeli i\u015flemlerinde (interest rate futures: gelecekteki faiz beklentisine g\u00f6re fiyatlanan kontratlar) belirgin bir de\u011fi\u015fim g\u00f6r\u00fcld\u00fc: Ge\u00e7en ay birden fazla indirim sinyali veren fiyatlama, \u015fimdi 2026 sonu i\u00e7in ancak tek indirime i\u015faret ediyor. Bu yeniden fiyatlama, 2 y\u0131ll\u0131k ABD tahvili t\u00fcrevlerini (derivatives: dayanak varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) Jerome Powell\u2019\u0131n mesajlar\u0131na daha hassas hale getiriyor. \u015eahin bir bas\u0131n toplant\u0131s\u0131, ge\u00e7en hafta %4,7 olan 2 y\u0131ll\u0131k tahvil getirisini (yield: tahvilin faizi\/geri d\u00f6n\u00fc\u015f oran\u0131) 2025\u2019te g\u00f6r\u00fclen %5 seviyesine yeniden yakla\u015ft\u0131rabilir.\n\nMakro r\u00fczg\u00e2rlara ra\u011fmen g\u00fc\u00e7l\u00fc alanlar var. Delta\u2019n\u0131n g\u00fc\u00e7l\u00fc y\u00f6nlendirmesi, seyahat talebinin beklenenden iyi kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu, havayolu hisselerinde al\u0131m y\u00f6nl\u00fc opsiyon spread\u2019i (call spread: ayn\u0131 vade i\u00e7in farkl\u0131 kullan\u0131m fiyatlar\u0131nda call al\u0131p satma; maliyeti ve riski s\u0131n\u0131rlama y\u00f6ntemi) ile, yak\u0131t fiyatlar\u0131ndaki oynakl\u0131\u011fa kar\u015f\u0131 daha kontroll\u00fc \u015fekilde de\u011ferlendirilebilir. Goldman Sachs ve American Express gibi finansal hisselerdeki y\u00fckseli\u015f de piyasan\u0131n sert bir ekonomik daralmay\u0131 hen\u00fcz tam fiyatlamad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\nUzun vadeli yapay zek\u00e2 temas\u0131 s\u00fcr\u00fcyor. Nvidia\u2019n\u0131n 2027 i\u00e7in 1 trilyon dolarl\u0131k gelir \u00f6ng\u00f6r\u00fcs\u00fc, f\u0131rsat\u0131n \u00f6l\u00e7e\u011fini ortaya koyuyor. Hissenin y\u00fcksek fiyat\u0131 ve oynakl\u0131\u011f\u0131 nedeniyle, tan\u0131ml\u0131 riskli opsiyon stratejileri (maksimum zarar\/kar\u0131n ba\u015ftan belli oldu\u011fu yap\u0131) ile pozisyon ta\u015f\u0131mak daha uygun g\u00f6r\u00fcn\u00fcyor. Blackstone ve KKR gibi varl\u0131k y\u00f6neticilerindeki g\u00fc\u00e7l\u00fc toparlanma da 2025 sonlar\u0131nda \u00f6nemli bir endi\u015fe olan \u00f6zel kredi portf\u00f6ylerine (private credit: banka d\u0131\u015f\u0131, genelde fonlar\u0131n verdi\u011fi krediler) dair kayg\u0131lar\u0131n azald\u0131\u011f\u0131na i\u015faret ediyor.\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>Wall Street\u2019te g\u00f6zler Fed\u2019de: Dow\/S&#038;P\/Nasdaq %0,3 artt\u0131. Faiz sabit bekleniyor; dot plot kritik. Brent 100$ \u00fcst\u00fc, enerji lider. VIX 20\u2019ye yak\u0131n, \u015fahin s\u00fcrpriz sert oynatabilir.<\/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-30564","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\/30564","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=30564"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}