ABD\u2019de t\u00fcketici kredisi martta 24,86 milyar dolar artt\u0131. Beklenti 12,5 milyar dolarl\u0131k art\u0131\u015ft\u0131.<\/p>\n
A\u00e7\u0131klanan art\u0131\u015f, beklentinin 12,36 milyar dolar \u00fczerinde. Yani art\u0131\u015f yakla\u015f\u0131k iki kat\u0131.<\/p>\n
Mart ay\u0131ndaki bu beklenenden g\u00fc\u00e7l\u00fc t\u00fcketici kredisi verisi, ekonominin yava\u015flad\u0131\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcn\u00fc zorluyor. Beklentinin bu kadar \u00fczerinde gelen bir rakam, t\u00fcketici harcamalar\u0131n\u0131n h\u00e2l\u00e2 g\u00fc\u00e7l\u00fc oldu\u011funa i\u015faret eder; bu da enflasyon (fiyat art\u0131\u015flar\u0131) bask\u0131s\u0131n\u0131 art\u0131r\u0131r. Bu t\u00fcr bir veri varken ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) yak\u0131n zamanda faiz indirimi yapmas\u0131n\u0131 savunmas\u0131 zorla\u015f\u0131r.<\/p>\n
Piyasa h\u0131zl\u0131 tepki verdi: Temmuz Fed toplant\u0131s\u0131nda faiz indirimi olas\u0131l\u0131\u011f\u0131 ge\u00e7en ay %50\u2019nin \u00fczerindeyken bu hafta %15\u2019in alt\u0131na indi. Bu de\u011fi\u015fim, yat\u0131r\u0131mc\u0131lar\u0131n \u201cfaizlerin uzun s\u00fcre y\u00fcksek kalaca\u011f\u0131\u201d senaryosundan fayda sa\u011flayan i\u015flemleri de\u011ferlendirmesine yol a\u00e7abilir; \u00f6rne\u011fin SOFR vadeli i\u015flemlerini satmak. SOFR (Secured Overnight Financing Rate), ABD\u2019de gecelik ve teminatl\u0131 bor\u00e7lanma faizini g\u00f6steren referans orand\u0131r; SOFR vadeli i\u015flemleri ise bu faizin gelecekteki seviyesine y\u00f6nelik s\u00f6zle\u015fmelerdir. Bu tablo, 2025\u2019te ya\u015fanan kal\u0131c\u0131 enflasyon s\u00fcrprizlerini hat\u0131rlat\u0131yor.<\/p>\n
Hisse senedi piyasalar\u0131 i\u00e7in bu, \u00f6n\u00fcm\u00fczdeki haftalarda oynakl\u0131\u011f\u0131 (fiyat dalgalanmas\u0131n\u0131) art\u0131rabilecek \u00e7eli\u015fkili bir sinyal yarat\u0131yor. G\u00fc\u00e7l\u00fc t\u00fcketici harcamas\u0131 \u015firket k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 destekler; ancak y\u00fcksek faizin uzun s\u00fcrmesi de\u011ferlemeleri bask\u0131lar. VIX\u2019in (S&P 500 i\u00e7in beklenen oynakl\u0131\u011f\u0131 \u00f6l\u00e7en \u201ckorku endeksi\u201d) 14 seviyesindeki sakin seyrinden, piyasa yeni durumu fiyatlarken 17\u201319 band\u0131na do\u011fru y\u00fckselmesi m\u00fcmk\u00fcn.<\/p>\n
T\u00fcketici odakl\u0131 ETF\u2019lerde (Borsa Yat\u0131r\u0131m Fonu; bir endeksi\/sekt\u00f6r\u00fc izleyen, borsada i\u015flem g\u00f6ren fon) opsiyonlarda (belirli bir fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) hareketlilik artabilir; ancak temkinli olmak gerekir.<\/p>\n
Bu \u00f6l\u00e7ekte bir kredi geni\u015flemesi, 2024\u2019te g\u00f6rd\u00fc\u011f\u00fcm\u00fcz e\u011filimi hat\u0131rlat\u0131yor: Kredi kart\u0131 bakiyeleri ilk kez 1,1 trilyon dolar\u0131 a\u015ft\u0131 ve sonras\u0131nda gecikmeye d\u00fc\u015fen bor\u00e7 oranlar\u0131 artt\u0131. Bu nedenle bug\u00fcn harcama g\u00fc\u00e7l\u00fc olsa da y\u0131l\u0131n ilerleyen d\u00f6nemlerinde finans sekt\u00f6r\u00fcnde olas\u0131 bir bask\u0131ya kar\u015f\u0131 haz\u0131rl\u0131kl\u0131 olmak gerekir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kredi \u015foku: ABD\u2019de t\u00fcketici kredisi martta 24,86 milyar $ artarak 12,5 milyar $ beklentiyi ikiye katlad\u0131. Harcama g\u00fc\u00e7l\u00fc, enflasyon bask\u0131s\u0131 s\u00fcr\u00fcyor; Fed indirimi \u00f6telenebilir, VIX y\u00fckselip kredi stresi artabilir.<\/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-46427","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\/46427","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=46427"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46427\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}