{"id":30964,"date":"2026-03-23T21:02:07","date_gmt":"2026-03-23T21:02:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/son-veriler-abdde-insaat-harcamalarinin-aylik-bazda-03-gerileyerek-01lik-artis-beklentisini-karsilayamadigini-gosterdi\/"},"modified":"2026-03-23T21:02:07","modified_gmt":"2026-03-23T21:02:07","slug":"son-veriler-abdde-insaat-harcamalarinin-aylik-bazda-03-gerileyerek-01lik-artis-beklentisini-karsilayamadigini-gosterdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/son-veriler-abdde-insaat-harcamalarinin-aylik-bazda-03-gerileyerek-01lik-artis-beklentisini-karsilayamadigini-gosterdi\/","title":{"rendered":"Son veriler, ABD\u2019de in\u015faat harcamalar\u0131n\u0131n ayl\u0131k bazda %0,3 gerileyerek %0,1\u2019lik art\u0131\u015f beklentisini kar\u015f\u0131layamad\u0131\u011f\u0131n\u0131 g\u00f6sterdi"},"content":{"rendered":"ABD\u2019de in\u015faat harcamalar\u0131 ocakta ayl\u0131k bazda %0,3 d\u00fc\u015ft\u00fc. Piyasa beklentisi %0,1 art\u0131\u015ft\u0131.\n\nSonu\u00e7, beklentinin 0,4 puan alt\u0131nda kald\u0131. Bu, ayl\u0131k art\u0131\u015f de\u011fil d\u00fc\u015f\u00fc\u015f anlam\u0131na geliyor.\n\n

\u0130n\u015faat Harcamalar\u0131nda Beklenti Alt\u0131 Sonu\u00e7 ve K\u0131sa Vadeli Etki<\/h3>\nBu veri, ocak ay\u0131na ait ABD makroekonomik g\u00f6stergelerine eklendi. \u0130n\u015faat sekt\u00f6r\u00fcndeki faaliyetin k\u0131sa vadeli seyrini etkileyebilir.\n\nOcak ay\u0131ndaki beklenmedik gerileme, ekonomide so\u011fumaya i\u015faret ediyor. Bu durum, 2025 sonuna kadar piyasalar\u0131 destekleyen \u201cg\u00fc\u00e7l\u00fc b\u00fcy\u00fcme\u201d alg\u0131s\u0131n\u0131 zorluyor. 2026\u2019n\u0131n ilk \u00e7eyre\u011finde olas\u0131 yava\u015flamaya kar\u015f\u0131 pozisyonlar\u0131n g\u00f6zden ge\u00e7irilmesi gerekebilir.\n\nBu tablo, ABD Merkez Bankas\u0131\u2019n\u0131n (Federal Reserve\/Fed) son d\u00f6nemdeki temkinli duru\u015fuyla da \u00e7eli\u015fiyor. Fed\u2019in temkinli duru\u015funun gerek\u00e7esi, enflasyonun y\u00fcksek kalmas\u0131; \u00f6rne\u011fin \u201c\u00e7ekirdek T\u00dcFE (core CPI)\u201d yani enerji ve g\u0131da gibi oynak kalemler \u00e7\u0131kar\u0131ld\u0131ktan sonraki t\u00fcketici enflasyonu \u015fubatta %3,1 seviyesinde. \u0130n\u015faat gibi \u00f6nemli bir sekt\u00f6rde zay\u0131flama, beklenenden erken \u201cfaiz indirimi\u201d (politika faizinin d\u00fc\u015f\u00fcr\u00fclmesi) olas\u0131l\u0131\u011f\u0131n\u0131 art\u0131rabilir. Fed\u2019in y\u0131l ortas\u0131na do\u011fru daha g\u00fcvercin (faiz indirimi ihtimalinin artmas\u0131) bir \u00e7izgiye d\u00f6nmesine kar\u015f\u0131, SOFR vadeli i\u015flemleri (ABD\u2019de k\u0131sa vadeli faiz \u00f6l\u00e7\u00fct\u00fcne ba\u011fl\u0131 vadeli kontratlar) \u00fczerinde opsiyonlar (belirli bir fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fmeler) ile pozisyon al\u0131nabilir.\n\n\u0130n\u015faatla do\u011frudan ba\u011flant\u0131l\u0131 sekt\u00f6rler yak\u0131ndan izlenmeli: konut \u00fcreticileri ve sanayi\/ham madde \u015firketleri gibi. Zay\u0131fl\u0131k, 2023\u2019te mortgage (konut kredisi) faizleri %7,5\u2019in \u00fcst\u00fcne \u00e7\u0131kt\u0131\u011f\u0131nda ya\u015fanan \u201ckonuta eri\u015filebilirlik\u201d sorununu hat\u0131rlat\u0131yor; etkilerin h\u00e2l\u00e2 s\u00fcrd\u00fc\u011f\u00fc anla\u015f\u0131l\u0131yor. Bu alandaki olas\u0131 d\u00fc\u015f\u00fc\u015flere kar\u015f\u0131 korunma (hedge) amac\u0131yla XHB veya ITB gibi ETF\u2019lerde (borsada i\u015flem g\u00f6ren fonlar) \u201cput\u201d opsiyonlar\u0131 (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 de\u011fer kazanan sat\u0131\u015f opsiyonu) de\u011ferlendirilebilir.\n\n

Volatilite Korumas\u0131 ve Varl\u0131klar Aras\u0131 Pozisyonlama<\/h3>\nBu zay\u0131f rapor, 2025\u2019in 4. \u00e7eyre\u011finde g\u00f6r\u00fclen g\u00fc\u00e7l\u00fc %2,8 GSYH (GDP) b\u00fcy\u00fcmesinin ard\u0131ndan, genel piyasa i\u00e7in belirsizli\u011fi art\u0131r\u0131yor. B\u00f6yle \u00e7eli\u015fkili veriler \u00e7o\u011fu zaman fiyat hareketlerinin sertle\u015fmesine ve y\u00f6n\u00fcn s\u0131k de\u011fi\u015fmesine yol a\u00e7ar. \u00d6n\u00fcm\u00fczdeki haftalarda oynakl\u0131kta (volatilite: fiyat dalgalanmas\u0131n\u0131n artmas\u0131) olas\u0131 s\u0131\u00e7ramaya kar\u015f\u0131 portf\u00f6y\u00fc korumak i\u00e7in VIX al\u0131m opsiyonlar\u0131 (VIX: piyasa oynakl\u0131k endeksi; al\u0131m opsiyonu: y\u00fckseli\u015fe yat\u0131r\u0131m) g\u00f6rece d\u00fc\u015f\u00fck maliyetli bir ara\u00e7 olarak \u00f6ne \u00e7\u0131kabilir.\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":"

S\u00fcrpriz veri: ABD in\u015faat harcamalar\u0131 ocakta ayl\u0131k %0,3 d\u00fc\u015ft\u00fc; beklenti %0,1 art\u0131\u015ft\u0131. So\u011fuma sinyali, g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme alg\u0131s\u0131n\u0131 zorluyor; erken Fed indirimi, konut\/emtia hisseleri ve volatilite korunmas\u0131 g\u00fcndemde.<\/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-30964","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\/30964","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=30964"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}