K\u00fcresel hisse senetleri, risk i\u015ftah\u0131n\u0131n (yat\u0131r\u0131mc\u0131lar\u0131n risk alma iste\u011fi) zay\u0131flamas\u0131yla g\u00fcn\u00fc %0,4 d\u00fc\u015f\u00fc\u015fle tamamlad\u0131. De\u011fer hisseleri (fiyat\u0131 kazan\u00e7lar\u0131na ve varl\u0131klar\u0131na g\u00f6re g\u00f6rece ucuz \u015firketler) \u00c7ar\u015famba g\u00fcnk\u00fc kay\u0131plar\u0131n\u0131 geri ald\u0131 ve daha temkinli (defansif) bir seansta d\u00f6ng\u00fcsel hisselerden (ekonomiye duyarl\u0131 sekt\u00f6rler) daha iyi performans g\u00f6sterdi.<\/p>\n
Teknoloji sekt\u00f6r\u00fc en zay\u0131f alan oldu; bunun nedeni yaz\u0131l\u0131m hisselerindeki sert d\u00fc\u015f\u00fc\u015ft\u00fc. Yaz\u0131l\u0131m \u015firketleri g\u00fcn i\u00e7inde %5,1 geriledi.<\/p>\n
Vadeli i\u015flemler (gelecekte belirli bir fiyattan al\u0131m-sat\u0131m yapmay\u0131 sa\u011flayan s\u00f6zle\u015fmeler) genel olarak eksideydi; Intel\u2019in yapay zek\u00e2 odakl\u0131 beklenti a\u00e7\u0131klamas\u0131n\u0131n ard\u0131ndan Nasdaq vadeli i\u015flemleri nispeten g\u00fc\u00e7l\u00fc kald\u0131. Asya borsa endeksleri \u00e7o\u011funlukla d\u00fc\u015f\u00fc\u015fle i\u015flem g\u00f6rd\u00fc.<\/p>\n
Piyasalarda risk i\u015ftah\u0131 bozulurken belirgin bir ayr\u0131\u015fma g\u00f6r\u00fcl\u00fcyor. Teknoloji sekt\u00f6r\u00fc bask\u0131 alt\u0131nda, ancak zay\u0131fl\u0131k \u00f6zellikle yaz\u0131l\u0131m taraf\u0131nda yo\u011funla\u015f\u0131yor. B\u00fcy\u00fck bir \u015firketin sat\u0131\u015flar\u0131n yava\u015flad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klamas\u0131n\u0131n ard\u0131ndan yaz\u0131l\u0131m hisseleri tek g\u00fcnde %5\u2019in \u00fczerinde d\u00fc\u015ft\u00fc. Bu tedirginlik art\u0131k CBOE Volatilite Endeksi\u2019ne (VIX: piyasadaki beklenen dalgalanmay\u0131 g\u00f6steren \u201ckorku endeksi\u201d) de yans\u0131yor. VIX yeniden 18\u2019in \u00fczerine \u00e7\u0131karak yat\u0131r\u0131mc\u0131lar\u0131n korunma (hedge: olas\u0131 kay\u0131plar\u0131 s\u0131n\u0131rlama) i\u00e7in daha fazla \u00f6deme yapt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n
Buna kar\u015f\u0131l\u0131k para, de\u011fer hisselerine kay\u0131yor ve bu hisseler \u00f6nceki kay\u0131plar\u0131n\u0131 telafi ediyor. Haftal\u0131k bazda de\u011fer odakl\u0131 ETF\u2019ler (borsada i\u015flem g\u00f6ren fonlar) yakla\u015f\u0131k %1 y\u00fckselirken, geni\u015f kapsaml\u0131 b\u00fcy\u00fcme fonlar\u0131 (gelecekte h\u0131zl\u0131 b\u00fcy\u00fcmesi beklenen \u015firketlere a\u011f\u0131rl\u0131k veren fonlar) %2\u2019nin \u00fczerinde geriledi. Bu, temkinli duru\u015fu do\u011fruluyor. Yat\u0131r\u0131mc\u0131lar, gelecekteki b\u00fcy\u00fcme vaadi yerine bug\u00fcn daha istikrarl\u0131 k\u00e2r \u00fcreten \u015firketleri tercih ediyor.<\/p>\n
Bu ortam, 2025\u2019in b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde g\u00f6r\u00fclen geni\u015f \u00e7apl\u0131 teknoloji rallisinden (genel y\u00fckseli\u015f) farkl\u0131. O d\u00f6nemde yapay zek\u00e2 ile ili\u015fkili hisselerin \u00e7o\u011fu birlikte y\u00fckseliyordu. Intel\u2019in yapay zek\u00e2ya dayal\u0131 g\u00fc\u00e7l\u00fc beklentisi teman\u0131n bitmedi\u011fini g\u00f6steriyor; ancak piyasa art\u0131k k\u00e2rl\u0131l\u0131k kan\u0131t\u0131 istiyor. Yapay zek\u00e2 altyap\u0131s\u0131 sa\u011flayan \u015firketler (\u00e7ip, veri merkezi gibi temel teknolojiyi \u00fcretenler) ile bu teknolojiyi kullanan yaz\u0131l\u0131m \u015firketleri aras\u0131nda daha net bir ayr\u0131m olu\u015fuyor.<\/p>\n
T\u00fcrev \u00fcr\u00fcn (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal ara\u00e7) yat\u0131r\u0131mc\u0131lar\u0131, yaz\u0131l\u0131m ETF\u2019lerinde (\u00f6r. IGV) olas\u0131 ek zay\u0131fl\u0131\u011fa kar\u015f\u0131 korunmak i\u00e7in sat\u0131m opsiyonu (put: fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 koruma veya d\u00fc\u015f\u00fc\u015f beklentisiyle kullan\u0131lan opsiyon) almay\u0131 de\u011ferlendirebilir. Ayn\u0131 zamanda yar\u0131 iletken (\u00e7ip) hisselerindeki g\u00fc\u00e7, nakit teminatl\u0131 sat\u0131m opsiyonu sat\u0131\u015f\u0131 (cash-secured put: hisseyi olas\u0131 al\u0131m i\u00e7in nakit ay\u0131rarak put satmak) veya bo\u011fa al\u0131m spread\u2019i (bull call spread: y\u00fckseli\u015f beklentisiyle iki farkl\u0131 kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu kullanarak maliyeti s\u0131n\u0131rlayan strateji) gibi yakla\u015f\u0131mlar\u0131 \u00f6ne \u00e7\u0131kar\u0131yor. Bu da olas\u0131 bir \u201c\u00e7ift i\u015flem\u201d (pairs trade: biri al\u0131n\u0131rken di\u011feri sat\u0131lan, iki varl\u0131k aras\u0131ndaki farktan yararlanma) kurgusu yarat\u0131yor: yaz\u0131l\u0131m uygulamalar\u0131nda d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc, yapay zek\u00e2 donan\u0131m\u0131nda ise y\u00fckseli\u015f y\u00f6nl\u00fc pozisyon.<\/p>\n
VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0i\u015fleme ba\u015flay\u0131n<\/a>\u00a0. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Risk i\u015ftah\u0131 s\u00f6n\u00fcyor: K\u00fcresel hisseler %0,4 gerilerken teknoloji, \u00f6zellikle yaz\u0131l\u0131mda %5,1 d\u00fc\u015f\u00fc\u015fle s\u00fcr\u00fcklendi. VIX 18\u2019i a\u015ft\u0131; para de\u011fer hisselerine kay\u0131yor. Intel, Nasdaq vadelilerini destekledi. Opsiyonda yaz\u0131l\u0131mda hedge, \u00e7ipte long.<\/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-45404","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\/45404","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=45404"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}