ABD hisseleri, petrol fiyatlar\u0131n\u0131n gerilemesi ve **stagflasyon** (ekonomik b\u00fcy\u00fcmenin zay\u0131f kal\u0131rken enflasyonun y\u00fcksek seyretmesi) endi\u015felerinin azalmas\u0131yla y\u00fckseldi. S&P 500 %1,46 artt\u0131, Nasdaq %2,02 y\u00fckseldi ve **Mag 7** (piyasa de\u011feri y\u00fcksek yedi b\u00fcy\u00fck teknoloji hissesi) %2,00 kazan\u00e7 sa\u011flad\u0131; \u00fc\u00e7\u00fc de yeni zirvelere \u00e7\u0131kt\u0131.<\/p>\n
Y\u00fckseli\u015fe \u00e7ip \u00fcreticileri liderlik etti. AMD, **yapay zek\u00e2 ajanlar\u0131na** (belirli g\u00f6revleri otomatik yapan yapay zek\u00e2 yaz\u0131l\u0131mlar\u0131) y\u00f6nelik g\u00fc\u00e7l\u00fc talep a\u00e7\u0131klad\u0131ktan sonra %18,61 s\u0131\u00e7rad\u0131. Philadelphia Semiconductor Index %4,48 y\u00fckselerek y\u0131l ba\u015f\u0131ndan bu yana (YTD) kazanc\u0131n\u0131 %62\u2019ye ta\u015f\u0131d\u0131.<\/p>\n
Kredi piyasalar\u0131nda ABD **y\u00fcksek getirili** (yat\u0131r\u0131m yap\u0131labilir seviyenin alt\u0131nda notlu, bu y\u00fczden daha riskli) tahvillerin **spread\u2019i** (risk primi; devlet tahvillerine g\u00f6re ek faiz fark\u0131) 4 **baz puan** (bp; y\u00fczde 0,01) daralarak son \u00fc\u00e7 ay\u0131n en d\u00fc\u015f\u00fck seviyesine indi.<\/p>\n
S&P 500 ve Nasdaq yeni zirveleri zorlarken, y\u00fckseli\u015fin arkas\u0131nda stagflasyon kayg\u0131lar\u0131n\u0131n azalmas\u0131 ve yapay zek\u00e2ya y\u00f6nelik iyimserlik var. Bu tablo, piyasada **risk i\u015ftah\u0131n\u0131n artt\u0131\u011f\u0131** (yat\u0131r\u0131mc\u0131lar\u0131n daha riskli varl\u0131klara y\u00f6neldi\u011fi) bir d\u00f6neme i\u015faret ediyor. Yat\u0131r\u0131mc\u0131lar, y\u00fckseli\u015ften yararlanmak i\u00e7in QQQ gibi ana endekslerde **al\u0131m (call) opsiyonu** (belirli bir tarihe kadar belirli fiyattan alma hakk\u0131) veya **y\u00fckseli\u015f y\u00f6nl\u00fc call spread** (maliyeti d\u00fc\u015f\u00fcrmek i\u00e7in bir call al\u0131p daha yukar\u0131 fiyattan ba\u015fka bir call satma) d\u00fc\u015f\u00fcnebilir.<\/p>\n
Yar\u0131 iletken sekt\u00f6r\u00fc \u00f6ne \u00e7\u0131k\u0131yor. Philadelphia Semiconductor Index y\u0131l ba\u015f\u0131ndan bu yana %25\u2019in \u00fczerinde. Yapay zek\u00e2 kaynakl\u0131 g\u00fc\u00e7l\u00fc talep, en h\u0131zl\u0131 b\u00fcy\u00fcmenin burada topland\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu nedenle tek tek \u00e7ip hisselerinde veya SOXX ETF\u2019inde (yar\u0131 iletken hisselerini takip eden borsa yat\u0131r\u0131m fonu) uzun (al\u0131\u015f y\u00f6nl\u00fc) call pozisyonlar\u0131 \u00f6ne \u00e7\u0131kabilir.<\/p>\n
Ralli, piyasa oynakl\u0131\u011f\u0131n\u0131 da d\u00fc\u015f\u00fcrd\u00fc. **VIX endeksi** (S&P 500 i\u00e7in beklenen oynakl\u0131\u011f\u0131 g\u00f6steren \u201ckorku endeksi\u201d) 13 gibi tarihsel olarak d\u00fc\u015f\u00fck bir seviyeye yak\u0131n. Bu ortamda, b\u00fcy\u00fck ve daha istikrarl\u0131 \u015firket hisselerinde **vade d\u0131\u015f\u0131** (mevcut fiyattan uzak) **put spread** satmak (d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 iki farkl\u0131 kullan\u0131m fiyatl\u0131 opsiyonla s\u0131n\u0131rl\u0131 riskle prim toplama) prim geliri elde etmek i\u00e7in kullan\u0131labilir.<\/p>\n
Di\u011fer varl\u0131klarda da tablo olumlu: y\u00fcksek getirili tahvil spread\u2019leri yakla\u015f\u0131k 320 baz puana kadar geriledi. Bu, tahvil yat\u0131r\u0131mc\u0131lar\u0131n\u0131n da hisse piyasas\u0131ndaki g\u00fcveni payla\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Ayr\u0131ca WTI ham petrol\u00fcn\u00fcn (ABD tipi ham petrol fiyat\u0131 g\u00f6stergesi) varil ba\u015f\u0131na 78 dolar civar\u0131nda kapanmas\u0131, ge\u00e7en y\u0131l enflasyon kayg\u0131s\u0131 yaratan seviyelere g\u00f6re daha d\u00fc\u015f\u00fck bir tabloya i\u015faret ediyor. Bu zeminde, \u00f6n\u00fcm\u00fczdeki haftalarda y\u00fckseli\u015fin devam\u0131na do\u011frudan konumlanmak i\u00e7in **E-mini S&P 500** veya **Nasdaq 100 vadeli kontratlar\u0131nda** (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) uzun pozisyon d\u00fc\u015f\u00fcn\u00fclebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wall Street\u2019te ralli: petrol geri \u00e7ekildi, stagflasyon korkusu s\u00f6nd\u00fc. S&P 500 %1,46, Nasdaq %2,02 zirvede. AMD %18,6 u\u00e7tu; \u00e7ip endeksi %4,48. High-yield spread 4 bp darald\u0131. Risk i\u015ftah\u0131 art\u0131yor; call\/call spread, SOXX, put spread, vadeli uzunlar masada.<\/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-46369","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\/46369","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=46369"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}