{"id":31302,"date":"2026-03-27T05:09:21","date_gmt":"2026-03-27T05:09:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/son-tarihler-yaklasirken-yatirimcilar-mansetleri-gormezden-gelip-zamanin-gecisini-fiyatladikca-hisseler-deger-kaybetti\/"},"modified":"2026-03-27T05:09:21","modified_gmt":"2026-03-27T05:09:21","slug":"son-tarihler-yaklasirken-yatirimcilar-mansetleri-gormezden-gelip-zamanin-gecisini-fiyatladikca-hisseler-deger-kaybetti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/son-tarihler-yaklasirken-yatirimcilar-mansetleri-gormezden-gelip-zamanin-gecisini-fiyatladikca-hisseler-deger-kaybetti\/","title":{"rendered":"Son tarihler yakla\u015f\u0131rken, yat\u0131r\u0131mc\u0131lar man\u015fetleri g\u00f6rmezden gelip zaman\u0131n ge\u00e7i\u015fini fiyatlad\u0131k\u00e7a hisseler de\u011fer kaybetti"},"content":{"rendered":"Piyasalar, takvim bask\u0131s\u0131 ve tehditlere tepki vermeye ba\u015flad\u0131; likidite (piyasada al\u0131m-sat\u0131m i\u00e7in kolay para bulunmas\u0131) s\u0131k\u0131la\u015ft\u0131, olas\u0131l\u0131klardan \u00e7ok \u201cne olur ne olmaz\u201d yakla\u015f\u0131m\u0131 \u00f6ne \u00e7\u0131kt\u0131. Hareketin ba\u015f\u0131n\u0131 petrol \u00e7ekti: H\u00fcrm\u00fcz \u00e7evresinde arz\u0131n aksama riski, fiyatlamay\u0131 \u201cmiktar\u201d yerine \u201cpetrole eri\u015fim\u201d kayg\u0131s\u0131na kayd\u0131r\u0131rken petrol 108 dolar\u0131n \u00fczerine t\u0131rmand\u0131.\n\nHisse senetleri, enerji fiyatlar\u0131ndaki art\u0131\u015f\u0131n enflasyon (genel fiyat art\u0131\u015f\u0131) riskini ve iskonto oran\u0131n\u0131 (gelecek kazan\u00e7lar\u0131n bug\u00fcnk\u00fc de\u011fere indirgenmesinde kullan\u0131lan faiz) y\u00fckseltmesiyle zay\u0131flad\u0131. S&#038;P 500 alt\u0131 ay\u0131n en d\u00fc\u015f\u00fc\u011f\u00fcne y\u00f6nelirken, Nasdaq geride kald\u0131; uzun vadeli b\u00fcy\u00fcme hisseleri (k\u00e2r\u0131 daha \u00e7ok gelecekte beklenen hisseler) bask\u0131 alt\u0131nda kal\u0131rken \u00e7ip taraf\u0131ndaki kay\u0131plar d\u00fc\u015f\u00fc\u015f\u00fc art\u0131rd\u0131.\n\nOpsiyon (belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) pozisyonlanmas\u0131 \u00e7eyrek sonuna giderken bask\u0131y\u0131 art\u0131rd\u0131; S&#038;P 500\u2019de 6.475 kullan\u0131m fiyat\u0131 (strike) kritik seviye gibi \u00e7al\u0131\u015ft\u0131. Fiyatlar bu seviyeye yakla\u015f\u0131nca, piyasa yap\u0131c\u0131lar\u0131n (dealer) korunma ama\u00e7l\u0131 al\u0131m-sat\u0131m ak\u0131mlar\u0131 (hedging) h\u0131zland\u0131; bu ak\u0131mlar tersine d\u00f6nerse daha sert bir d\u00fc\u015f\u00fc\u015f riski y\u00fckseldi.\n\nTahvil piyasas\u0131, \u201cfaiz indirimi\u201d beklentisinden \u201cfaiz art\u0131\u015f\u0131 ihtimali\u201d fiyatlamas\u0131na kayd\u0131; bunda arz \u015foku kaynakl\u0131 enflasyon etkili oldu. ABD Hazine tahvillerine zay\u0131f talep ve k\u0131sa vadeli tahvil faizlerindeki yeniden fiyatlama, merkez bankalar\u0131n\u0131n geli\u015fmelere tepki vermek zorunda kalabilece\u011fi endi\u015fesini yans\u0131tt\u0131.\n\nAlt\u0131n ve kripto, di\u011fer varl\u0131klarla birlikte geriledi; bu g\u00f6r\u00fcn\u00fcm, g\u00fcvenli limana ge\u00e7i\u015ften \u00e7ok pozisyon kapama ve nakde d\u00f6nme iste\u011fine i\u015faret etti. Alt\u0131n, enflasyon beklentileriyle birlikte faizler ve reel getiriler (enflasyondan ar\u0131nd\u0131r\u0131lm\u0131\u015f getiri) y\u00fckseldik\u00e7e zay\u0131flad\u0131.\n\nTrump\u2019\u0131n a\u00e7\u0131klad\u0131\u011f\u0131 10 g\u00fcnl\u00fck uzatma bask\u0131y\u0131 durdurdu, ancak temel riskleri ortadan kald\u0131rmad\u0131. Petrol y\u00fcksek seyrini korudu, hisseler net bir ivme olmadan dengelendi, faizler ise petrol\u00fcn yeniden y\u00fckselmesine kar\u015f\u0131 hassas kald\u0131.\n\n2025\u2019te H\u00fcrm\u00fcz \u00fczerinden piyasan\u0131n neredeyse sert bir \u00e7\u00f6k\u00fc\u015f ya\u015fad\u0131\u011f\u0131 \u201cprova\u201dy\u0131 g\u00f6rd\u00fck. \u015eimdi 27 Mart 2026\u2019da WTI ham petrol\u00fc varil ba\u015f\u0131na 85 dolar\u0131n \u00fczerinde inatla tutunurken, sakin g\u00f6r\u00fcnen y\u00fczeyin alt\u0131nda benzer bir gerilim birikiyor. Ge\u00e7en y\u0131l\u0131n dersi \u015fu: \u0130lk hareket bir \u201cman\u015fet i\u015flemi\u201d de\u011fil; enerjiye eri\u015fimin yap\u0131sal bi\u00e7imde yeniden fiyatlanmas\u0131d\u0131r.\n\n\u0130lk izlenecek sinyal petrol opsiyon piyasas\u0131nda. CBOE Ham Petrol Oynakl\u0131k Endeksi (OVX: petrol opsiyonlar\u0131ndan t\u00fcretilen ve beklenen fiyat oynakl\u0131\u011f\u0131n\u0131 g\u00f6steren endeks) spot fiyat (anl\u0131k fiyat) g\u00f6rece sakin kalsa da bu ay %15 y\u00fckseldi. Bu, yat\u0131r\u0131mc\u0131lar\u0131n art\u0131k \u201cihtimal\u201de de\u011fil, ger\u00e7ekle\u015fme riskine kar\u015f\u0131 sigortaya para \u00f6dedi\u011fini g\u00f6steriyor; ge\u00e7en y\u0131l 108 dolara s\u0131\u00e7rama \u00f6ncesinde oldu\u011fu gibi.\n\nHisseler hen\u00fcz sert sat\u0131\u015f sarmal\u0131na girmi\u015f de\u011fil, ancak kurulum tan\u0131d\u0131k. S&#038;P 500 6.200 civar\u0131nda seyrederken, gelecek \u00e7eyrek i\u00e7in ucuz ve \u201cparan\u0131n d\u0131\u015f\u0131nda\u201d sat\u0131m opsiyonlar\u0131nda (out-of-the-money put: mevcut fiyat\u0131n alt\u0131nda kullan\u0131m fiyat\u0131 olan, d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma sa\u011flayan opsiyon) talep art\u0131yor. 6.000 kullan\u0131m fiyat\u0131na do\u011fru olas\u0131 kaymay\u0131 \u201cde\u011ferleme tart\u0131\u015fmas\u0131\u201dndan \u00e7ok, piyasa yap\u0131c\u0131lar\u0131n korunma i\u015flemlerinin fiyat\u0131 a\u015fa\u011f\u0131 \u00e7ekebilen etkisi olarak okumak gerekir; bu etki d\u00fc\u015f\u00fc\u015f\u00fc h\u0131zland\u0131rabilir.\n\nYapay zek\u00e2 etkisiyle gelen ralli, yar\u0131 iletkenleri (\u00e7ip sekt\u00f6r\u00fc) piyasan\u0131n yeni omurgas\u0131 yapt\u0131 ve bask\u0131 en \u00e7ok burada hissediliyor. SOX endeksi son alt\u0131 ayda %40\u2019tan fazla y\u00fckseldi\u011fi i\u00e7in, bu alan \u201cuzun vadeli b\u00fcy\u00fcme\u201d temas\u0131n\u0131n en yo\u011funla\u015ft\u0131\u011f\u0131 yer haline geldi; bu da petrole ba\u011fl\u0131 bir enflasyon \u015fokuna kar\u015f\u0131 k\u0131r\u0131lganl\u0131\u011f\u0131 art\u0131r\u0131yor. Ge\u00e7en y\u0131l lider hisselerdeki sat\u0131\u015f dalgas\u0131 \u00e7\u00f6z\u00fclmenin ilk net i\u015faretiydi; \u015fimdi benzer bir zay\u0131fl\u0131k olup olmad\u0131\u011f\u0131na bak\u0131lmal\u0131.\n\nFaiz piyasas\u0131 riski yeterince ciddiye alm\u0131yor; Fed fon vadeli i\u015flemleri y\u0131l sonuna kadar h\u00e2l\u00e2 faiz indirimi fiyatl\u0131yor. Bu, 2025\u2019te petrol nedeniyle para politikas\u0131n\u0131n istemeden s\u0131k\u0131la\u015fmaya itildi\u011fi d\u00f6nem \u00f6ncesindeki rehavete benziyor. 2 y\u0131ll\u0131k ABD tahvil getirisinin %4,5\u2019e y\u00fckselmesi tahvil piyasas\u0131nda tedirginli\u011fin artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor; bu da Fed\u2019in \u201cvarili takip etmek zorunda kalaca\u011f\u0131na\u201d inananlar i\u00e7in k\u0131sa vadeli faiz vadeli i\u015flemlerinde (faize dayal\u0131 kontratlar) f\u0131rsat anlam\u0131na gelebilir.\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>H\u00fcrm\u00fcz kaynakl\u0131 arz riski petrol\u00fc yukar\u0131 iterken likidite s\u0131k\u0131la\u015ft\u0131; \u201cne olur ne olmaz\u201d modu bask\u0131n. Hisseler zay\u0131f, tahviller faiz art\u0131\u015f\u0131n\u0131 tart\u0131\u015f\u0131yor. OVX y\u00fckseli\u015fi yeni stres sinyali.<\/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-31302","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\/31302","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=31302"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}