ABD Ba\u015fkan\u0131 Donald Trump, CNBC\u2019ye yapt\u0131\u011f\u0131 a\u00e7\u0131klamada ABD\u2019nin \u0130ran\u2019la \u201cg\u00fc\u00e7l\u00fc bir pazarl\u0131k konumunda\u201d oldu\u011funu s\u00f6yledi ve Washington\u2019un Tahran\u2019la \u201c\u00e7ok iyi bir anla\u015fmaya\u201d varabilece\u011fini belirtti. G\u00f6r\u00fc\u015fmelerin \u201c\u00e7ok ba\u015far\u0131l\u0131\u201d y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fcn\u00fc, kal\u0131c\u0131 bir ate\u015fkese ula\u015fmak i\u00e7in \u00e7ok az zaman kald\u0131\u011f\u0131n\u0131 ifade etti.<\/p>\n
Trump, mevcut ate\u015fkesi uzatmak istemedi\u011fini s\u00f6yledi. \u0130ran\u2019a uygulanan ablukay\u0131 (\u00fclkenin d\u0131\u015f ticaret ve para ak\u0131\u015f\u0131n\u0131 k\u0131s\u0131tlayan bask\u0131) savunarak bunun \u015fimdiden sonu\u00e7 verdi\u011fini dile getirdi.<\/p>\n
Trump, m\u00fczakereler ba\u015far\u0131s\u0131z olursa ABD\u2019nin \u201caskeri olarak haz\u0131r\u201d oldu\u011funu da s\u00f6yledi. Bu a\u00e7\u0131klama, jeopolitik belirsizli\u011fi (\u00fclkeler aras\u0131 gerilimlerin yaratt\u0131\u011f\u0131 risk) yeniden g\u00fcndemde tuttu.<\/p>\n
\u00c7in konusunda Trump, \u00c7in Devlet Ba\u015fkan\u0131 \u015ei Cinping ile bir anlay\u0131\u015fa vard\u0131\u011f\u0131na inand\u0131\u011f\u0131n\u0131 s\u00f6yledi. ABD Dolar Endeksi (dolar\u0131n ba\u015fl\u0131ca para birimleri kar\u015f\u0131s\u0131ndaki de\u011ferini g\u00f6steren g\u00f6sterge) %0,15 y\u00fckselerek 98,20\u2019ye \u00e7\u0131kt\u0131.<\/p>\n
Bu t\u00fcr s\u00f6ylemler piyasada tedirginli\u011fi art\u0131r\u0131r. Diplomatik temasla birlikte askeri tehdit mesaj\u0131, belirsizli\u011fi b\u00fcy\u00fct\u00fcr ve piyasa oynakl\u0131\u011f\u0131 (fiyatlar\u0131n sert ve h\u0131zl\u0131 hareket etme ihtimali) beklentisini y\u00fckseltir.<\/p>\n
\u0130ran\u2019la gerilimin en h\u0131zl\u0131 etkisi enerji piyasalar\u0131nda g\u00f6r\u00fcl\u00fcr. \u00d6rne\u011fin 2019 ortas\u0131nda Umman K\u00f6rfezi\u2019ndeki petrol tankerlerine sald\u0131r\u0131lar Brent petrol\u00fc bir g\u00fcnde %4 y\u00fckseltmi\u015fti. Bu nedenle yat\u0131r\u0131mc\u0131lar, gerilim artarsa ani fiyat s\u0131\u00e7ramas\u0131ndan yararlanabilecek WTI veya Brent vadeli kontratlar\u0131nda al\u0131m opsiyonu (call: fiyat y\u00fckselirse kazan\u00e7 sa\u011flayan hak) almay\u0131 d\u00fc\u015f\u00fcnebilir.<\/p>\n
Belirsizlik, oynakl\u0131\u011fa ba\u011fl\u0131 t\u00fcrev \u00fcr\u00fcnlere (fiyat\u0131 oynakl\u0131\u011fa ba\u011fl\u0131 finansal s\u00f6zle\u015fmeler) ilgiyi art\u0131r\u0131r. \u201cAskeri olarak haz\u0131r\u0131z\u201d gibi bir a\u00e7\u0131klama, VIX\u2019in (S&P 500 i\u00e7in beklenen oynakl\u0131\u011f\u0131 \u00f6l\u00e7en, \u201ckorku endeksi\u201d diye bilinen g\u00f6sterge) 14 gibi d\u00fc\u015f\u00fck seviyelerden h\u0131zla y\u00fckselmesine neden olabilir. VIX\u2019te al\u0131m opsiyonu almak, jeopolitik \u015foklar nedeniyle genel piyasada d\u00fc\u015f\u00fc\u015f olmas\u0131na kar\u015f\u0131 portf\u00f6y\u00fc koruman\u0131n (hedge: riski azaltma) do\u011frudan yollar\u0131ndand\u0131r.<\/p>\n
Bu t\u00fcr ortamda s\u0131k g\u00f6r\u00fclen bir davran\u0131\u015f, g\u00fcvenli liman varl\u0131klara y\u00f6neli\u015ftir (risk art\u0131nca daha g\u00fcvenli g\u00f6r\u00fclen varl\u0131klara ge\u00e7i\u015f). ABD-\u0130ran gerilimi y\u00fckseldi\u011finde 2020 ba\u015f\u0131nda alt\u0131n ons fiyat\u0131 1.600 dolar\u0131n \u00fczerine t\u0131rmanm\u0131\u015ft\u0131. Merkez bankalar\u0131n\u0131n son d\u00f6nemdeki al\u0131mlar\u0131 alt\u0131n i\u00e7in 2.450 dolar civar\u0131nda g\u00fc\u00e7l\u00fc bir taban olu\u015ftururken, alt\u0131n vadeli kontratlar\u0131 veya ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) al\u0131m opsiyonu almak temkinli bir strateji olmaya devam ediyor.<\/p>\n
Hisse senedi a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek yat\u0131r\u0131mc\u0131lar i\u00e7in piyasa d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 korunma kritik. S&P 500 endeksi bu y\u0131l %8 y\u00fckselerek 5.900\u2019e geldi\u011fi i\u00e7in olumsuz s\u00fcrprizlere daha a\u00e7\u0131k olabilir. S&P 500 gibi b\u00fcy\u00fck endekslerde sat\u0131m opsiyonu (put: fiyat d\u00fc\u015ferse kazan\u00e7 sa\u011flayan hak) almak, m\u00fczakereler bozulur ve askeri ad\u0131m g\u00fcndeme gelirse sert sat\u0131\u015flara kar\u015f\u0131 sigorta i\u015flevi g\u00f6r\u00fcr.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trump\u2019tan \u0130ran mesaj\u0131: \u201cG\u00fc\u00e7l\u00fc pazarl\u0131k\u201d ve \u201c\u00e7ok iyi anla\u015fma\u201d derken askeri haz\u0131rl\u0131k vurgusu risk i\u015ftah\u0131n\u0131 zorluyor. Dolar endeksi y\u00fckseldi; petrol, alt\u0131n, VIX ve opsiyonlarla korunma \u00f6ne \u00e7\u0131k\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-45131","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\/45131","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=45131"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45131\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}