S&P 500, rekor seviyelerinden %0,41 geriledi. Petrol fiyatlar\u0131ndaki y\u00fckseli\u015f ve ABD Hazine tahvili faizlerindeki art\u0131\u015f, hisse gibi riskli varl\u0131klar \u00fczerinde bask\u0131 kurdu. Buna ra\u011fmen endeks, 30 Mart\u2019taki dip seviyesinin %13,5 \u00fczerinde.<\/p>\n
Vadeli i\u015flemler (futures: bir varl\u0131\u011f\u0131n ileri bir tarihte belirli fiyattan al\u0131n\u0131p sat\u0131lmas\u0131n\u0131 sa\u011flayan s\u00f6zle\u015fmeler) gece i\u015flemlerinde %0,13 y\u00fckseldi. O s\u0131rada Asya borsalar\u0131 genel olarak d\u00fc\u015f\u00fc\u015fteydi.<\/p>\n
D\u00fc\u015f\u00fc\u015f genele yay\u0131ld\u0131; S&P 500\u2019deki hisselerin %70\u2019i g\u00fcn\u00fc ekside kapatt\u0131. Enerji hari\u00e7 t\u00fcm ana sekt\u00f6rler geriledi; Enerji sekt\u00f6r\u00fc %0,85 y\u00fckseldi.<\/p>\n
Sanayi %1,17, Hammadde %1,57 d\u00fc\u015ft\u00fc ve kay\u0131plara \u00f6nc\u00fcl\u00fck etti. Teknoloji daha diren\u00e7liydi; Nasdaq %0,19 gerilerken \u201cMag-7\u201d (piyasa de\u011feri \u00e7ok b\u00fcy\u00fck 7 teknoloji hissesi grubu) %0,04 y\u00fckseldi.<\/p>\n
ABD tahvil faizleri ve ileri vadeli petrol kontratlar\u0131 (uzun vadeli futures: daha ileri teslim tarihli s\u00f6zle\u015fmeler) \u0130ran sava\u015f\u0131 sonras\u0131 g\u00f6r\u00fclen zirvelerin \u00fczerine \u00e7\u0131kt\u0131. Haberde, ABD\u2019de g\u00fc\u00e7l\u00fc ilk \u00e7eyrek k\u00e2r art\u0131\u015f\u0131n\u0131n teknoloji hisseleri taraf\u0131ndan s\u00fcr\u00fcklendi\u011fi belirtildi.<\/p>\n
Bu i\u00e7erik bir yapay zek\u00e2 arac\u0131yla haz\u0131rlanm\u0131\u015f ve bir edit\u00f6r taraf\u0131ndan kontrol edilmi\u015ftir.<\/p>\n
S&P 500\u2019\u00fcn zirvelerinden geri \u00e7ekilmesinde petrol fiyatlar\u0131 ve tahvil faizleri etkili g\u00f6r\u00fcn\u00fcyor. Yat\u0131r\u0131mc\u0131lar, SPY gibi geni\u015f endeksleri izleyen fonlarda koruyucu \u201cput\u201d opsiyonu (put: belirli fiyattan satma hakk\u0131 veren opsiyon) alarak olas\u0131 daha derin bir d\u00fczeltmeye kar\u015f\u0131 korunmay\u0131 de\u011ferlendirebilir. 10 y\u0131ll\u0131k ABD tahvil faizinin bu y\u0131l ilk kez %4,85\u2019e \u00e7\u0131kmas\u0131, bor\u00e7lanma maliyetlerinin hisse de\u011ferlemeleri (valuation: \u015firket\/hisse i\u00e7in bi\u00e7ilen de\u011fer) a\u00e7\u0131s\u0131ndan daha b\u00fcy\u00fck risk haline geldi\u011fine i\u015faret ediyor.<\/p>\n
Enerji sekt\u00f6r\u00fc, OPEC+\u2019\u0131n arz disiplini (\u00fcretimi k\u0131sarak fiyat\u0131 destekleme) ve WTI ham petrol\u00fcn\u00fcn (ABD tipi petrol) varil ba\u015f\u0131na 95 dolar\u0131n \u00fczerine \u00e7\u0131kmas\u0131yla \u00f6ne \u00e7\u0131kan tek alan olmaya devam ediyor. Burada y\u00fckseli\u015f y\u00f6nl\u00fc pozisyonlar \u00f6ne \u00e7\u0131k\u0131yor: XLE gibi enerji ETF\u2019lerinde (ETF: borsada i\u015flem g\u00f6ren yat\u0131r\u0131m fonu) \u201ccall\u201d opsiyonu (call: belirli fiyattan alma hakk\u0131 veren opsiyon) almak veya \u201cnakit teminatl\u0131 put satmak\u201d (cash-secured put: hisseyi almak i\u00e7in gerekli nakdi ay\u0131r\u0131p put satma; prim geliri elde etmeye y\u00f6nelik) gibi. Bu yakla\u015f\u0131m, emtia (commodity: petrol, metal gibi ham maddeler) g\u00fcc\u00fcn\u00fcn s\u00fcrmesine dayan\u0131yor.<\/p>\n
Buna kar\u015f\u0131l\u0131k sanayi ve hammadde sekt\u00f6rlerinde zay\u0131fl\u0131k belirgin; girdi maliyetleri y\u00fcksek kal\u0131rsa bu e\u011filimin s\u00fcrmesi bekleniyor. T\u00fcrev \u00fcr\u00fcnlerle (derivative: de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) d\u00fc\u015f\u00fc\u015f beklentisi, XLI gibi ETF\u2019lerde put alarak ya da \u201cay\u0131 call spread\u201d (bear call spread: daha d\u00fc\u015f\u00fck kullan\u0131m fiyatl\u0131 call al\u0131p daha y\u00fcksek kullan\u0131m fiyatl\u0131 call satmak; de\u011fer kazan\u0131m\u0131n\u0131 s\u0131n\u0131rlayarak d\u00fc\u015f\u00fc\u015f\/ yatay beklentiyle prim toplama) kurarak ifade edilebilir. Bu stratejiler, sekt\u00f6rler gerilerse veya \u00f6nemli diren\u00e7 seviyelerini (resistance: y\u00fckseli\u015fte zorlan\u0131lan fiyat b\u00f6lgesi) a\u015famazsa kazan\u00e7 sa\u011flayabilir.<\/p>\n
Teknoloji \u015fimdilik dayan\u0131kl\u0131 g\u00f6r\u00fcnse de piyasa tedirginli\u011fi VIX\u2019i 18\u2019in \u00fczerine ta\u015f\u0131d\u0131. VIX (oynakl\u0131k endeksi: piyasadaki beklenen dalgalanmay\u0131 \u00f6l\u00e7en g\u00f6sterge) son iki haftada %25\u2019ten fazla y\u00fckseldi. Bu durum, Nisan ay\u0131 T\u00dcFE (CPI: t\u00fcketici enflasyonu verisi) \u00f6ncesinde artan oynakl\u0131\u011fa y\u00f6nelik \u201cuzun volatilite\u201d (long volatility: dalgalanma art\u0131\u015f\u0131ndan faydalanmay\u0131 hedefleyen) pozisyonlar\u0131n; \u00f6rne\u011fin VIX ba\u011flant\u0131l\u0131 \u00fcr\u00fcnlerde call al\u0131m\u0131n\u0131n, de\u011ferlendirilebilece\u011fini g\u00f6steriyor. Bu sekt\u00f6r rotasyonu, 2025\u2019in son \u00e7eyre\u011finde enerji fiyatlar\u0131ndaki benzer s\u0131\u00e7raman\u0131n sanayi hisselerinde k\u0131sa ama sert sat\u0131\u015fa yol a\u00e7t\u0131\u011f\u0131 d\u00f6nemi hat\u0131rlat\u0131yor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Petrol ve ABD tahvil faizlerindeki t\u0131rman\u0131\u015f S&P 500\u2019\u00fc rekorlardan %0,41 geri \u00e7ekti; hisselerin %70\u2019i ekside. Enerji tek pozitif; sanayi-hammadde bask\u0131da. VIX 18 \u00fcst\u00fc, opsiyonla 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-46162","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\/46162","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=46162"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}