ABD CFTC (Vadeli \u0130\u015flemler Ticaret Komisyonu) verilerine g\u00f6re S&P 500\u2019de \u201cNC net pozisyon\u201d (raporlama yapan b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar\u0131n net pozisyonu) -110,1 binden -101,4 bine y\u00fckseldi.<\/p>\n
Net pozisyonun negatif kalmas\u0131, toplam\u0131n h\u00e2l\u00e2 \u201cnet k\u0131sa\u201d (d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc) duru\u015fa i\u015faret etti\u011fi anlam\u0131na geliyor.<\/p>\n
S&P 500 vadeli i\u015flem s\u00f6zle\u015fmelerinde net k\u0131sa pozisyon -110,1 binden -101,4 bin kontrata geriledi. Bu, b\u00fcy\u00fck spek\u00fclat\u00f6rlerin (\u00f6rne\u011fin hedge fonlar gibi) hisse piyasas\u0131na dair d\u00fc\u015f\u00fc\u015f beklentisinin zay\u0131flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Genel hava h\u00e2l\u00e2 olumsuz olsa da, k\u0131sa pozisyonlar\u0131n bir k\u0131sm\u0131n\u0131n kapat\u0131lmas\u0131yla sat\u0131\u015f bask\u0131s\u0131 azal\u0131yor.<\/p>\n
Bu pozisyon de\u011fi\u015fimi, Nisan 2026 istihdam raporunun ard\u0131ndan geldi. Raporda tar\u0131m d\u0131\u015f\u0131 istihdam 195 bin artarak ekonominin a\u015f\u0131r\u0131 \u0131s\u0131nd\u0131\u011f\u0131 endi\u015felerini azaltt\u0131. Buna ek olarak, enflasyonu \u00f6l\u00e7en T\u00dcFE (CPI) verisinin %3,4\u2019te sabit kalmas\u0131, ABD Merkez Bankas\u0131\u2019na (Fed) faiz art\u0131r\u0131mlar\u0131na ara verme alan\u0131 yarat\u0131yor. Bu g\u00f6rece istikrar, en karamsar yat\u0131r\u0131mc\u0131lar\u0131n pozisyonlar\u0131n\u0131 g\u00f6zden ge\u00e7irmesine yol a\u00e7\u0131yor.<\/p>\n
Benzer bir tablo 2025\u2019in sonlar\u0131nda da g\u00f6r\u00fclm\u00fc\u015ft\u00fc: \u00c7ok y\u00fcksek k\u0131sa pozisyon birikimi, yat\u0131r\u0131mc\u0131lar\u0131n pozisyon kapatmak i\u00e7in geri al\u0131ma (k\u0131sa kapama\/short covering) zorlanmas\u0131yla sert bir y\u00fckseli\u015fi tetiklemi\u015fti. \u201cZorunlu al\u0131m\u201d olarak \u00f6zetlenebilecek bu s\u00fcre\u00e7, k\u0131sa s\u00fcrede g\u00fc\u00e7l\u00fc yukar\u0131 hareket yaratabiliyor. Mevcut k\u0131sa pozisyon azalmas\u0131 da benzer bir \u00e7\u00f6z\u00fclmenin ba\u015flang\u0131c\u0131na i\u015faret ederek yak\u0131n vadede piyasay\u0131 yukar\u0131 ta\u015f\u0131yabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
S&P 500\u2019de b\u00fcy\u00fck yat\u0131r\u0131mc\u0131lar\u0131n net k\u0131sa pozisyonu CFTC\u2019ye g\u00f6re -110,1 binden -101,4 bine indi. \u0130stihdam ve T\u00dcFE sonras\u0131 d\u00fc\u015f\u00fc\u015f beklentisi zay\u0131fl\u0131yor; short covering ihtimali y\u00fckseli\u015fi tetikleyebilir.<\/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-46001","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\/46001","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=46001"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}