Dow Jones vadeli i\u015flemleri, \u00c7ar\u015famba g\u00fcn\u00fc Avrupa i\u015flemlerinde %0,30 y\u00fckselerek 49.950 seviyesine yakla\u015ft\u0131. S&P 500 vadeli i\u015flemleri %0,19 art\u0131\u015fla yakla\u015f\u0131k 7.480\u2019e \u00e7\u0131karken, Nasdaq 100 vadeli i\u015flemleri %0,41 y\u00fckselerek 29.600\u2019e y\u00f6neldi.<\/p>\n
ABD hisse vadeli i\u015flemleri, S&P 500 ve Nasdaq 100\u2019\u00fcn \u00c7ar\u015famba g\u00fcn\u00fc rekor kapan\u0131\u015f yapmas\u0131n\u0131n ard\u0131ndan y\u00fckseldi. Y\u00fckseli\u015fe teknoloji hisseleri \u00f6nc\u00fcl\u00fck etti; Micron Technology, Nvidia, Tesla, Apple ve Alphabet \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n
Son ABD seans\u0131nda Dow Jones %0,14 gerilerken, S&P 500 %0,58 y\u00fckseldi ve Nasdaq 100 %1,2 kazan\u00e7 sa\u011flad\u0131. Piyasalar, \u00fcretici fiyatlar\u0131n\u0131n (\u015firketlerin \u00fcr\u00fcnlerini fabrikadan\/\u00fcretim a\u015famas\u0131ndan \u00e7\u0131karken satt\u0131\u011f\u0131 fiyatlar) nisan ay\u0131nda 2022\u2019den bu yana en h\u0131zl\u0131 art\u0131\u015f\u0131 g\u00f6stermesiyle tepki verdi.<\/p>\n
Yat\u0131r\u0131mc\u0131lar, ABD Ba\u015fkan\u0131 Donald Trump ile \u00c7in Devlet Ba\u015fkan\u0131 \u015ei Cinping aras\u0131ndaki g\u00f6r\u00fc\u015fmelerden gelecek geli\u015fmeleri izledi. Dikkatler ayr\u0131ca g\u00fcn i\u00e7inde a\u00e7\u0131klanacak nisan ay\u0131 ABD Perakende Sat\u0131\u015flar verisine (t\u00fcketicilerin ma\u011faza ve \u00e7evrim i\u00e7i kanallardan yapt\u0131\u011f\u0131 harcamalar\u0131n g\u00f6stergesi) \u00e7evrildi.<\/p>\n
ABD \u00dcretici Fiyat Endeksi (\u00dcFE\/PPI: \u00fcretici d\u00fczeyindeki fiyat art\u0131\u015f\u0131n\u0131 \u00f6l\u00e7en enflasyon g\u00f6stergesi) nisan ay\u0131nda y\u0131ll\u0131k bazda %6,0\u2019a y\u00fckseldi. Bu oran marttaki %4,3\u2019\u00fcn \u00fczerinde ve %4,9\u2019luk beklentiyi a\u015ft\u0131. Ayl\u0131k bazda \u00dcFE %1,4 artt\u0131; martta %0,7 idi ve %0,5 beklentisinin \u00fczerinde geldi.<\/p>\n
Teknoloji rallisinin y\u00fcksek enflasyon verisiyle ayn\u0131 anda g\u00f6r\u00fclmesi daha \u00f6nce de izlenen bir tablo. Benzer bir g\u00f6r\u00fcn\u00fcm 2025 ortas\u0131nda, \u00dcFE\u2019deki s\u00fcrpriz s\u0131\u00e7raman\u0131n belirsizlik yaratmas\u0131yla ya\u015fanm\u0131\u015ft\u0131. VIX (piyasa oynakl\u0131\u011f\u0131 endeksi; S&P 500\u2019de beklenen dalgalanmay\u0131 g\u00f6sterir) 14,5 civar\u0131nda sakin g\u00f6r\u00fcnse de, bu gerilim \u00f6n\u00fcm\u00fczdeki haftalarda fiyat dalgalanmas\u0131n\u0131n artabilece\u011fine i\u015faret ediyor.<\/p>\n
Nasdaq\u2019\u0131n daha g\u00fc\u00e7l\u00fc performans\u0131 nedeniyle oda\u011f\u0131n bu tarafta olmas\u0131 \u00f6ne \u00e7\u0131k\u0131yor. QQQ \u00fczerindeki bo\u011fa \u00e7a\u011fr\u0131 spreadleri (vadeli\/opsiyon stratejisi: bir al\u0131m opsiyonu al\u0131p daha y\u00fcksek fiyattan ba\u015fka bir al\u0131m opsiyonu satarak maliyeti ve riski s\u0131n\u0131rlar) yukar\u0131 potansiyelden yararlan\u0131rken riski tan\u0131ml\u0131 tutmaya imk\u00e2n verir. 2025\u2019te teknoloji y\u00fckseli\u015finin zamanla daha geni\u015f bir hisse grubuna yay\u0131ld\u0131\u011f\u0131 g\u00f6r\u00fclm\u00fc\u015ft\u00fc; mevcut y\u00fckseli\u015f ise birka\u00e7 b\u00fcy\u00fck \u00f6l\u00e7ekli hisseye daha fazla yo\u011funla\u015f\u0131yor.<\/p>\n
Jeopolitik g\u00f6r\u00fc\u015fmelere ve perakende sat\u0131\u015flar gibi kritik verilere ili\u015fkin belirsizlik, \u00f6nemli bir \u201colay riski\u201d (tek bir haber\/veriyle sert fiyat hareketi ya\u015fanma ihtimali) yarat\u0131yor. 2025\u2019te ABD-\u00c7in ticaret g\u00f6r\u00fc\u015fmelerinin sert ve \u00f6ng\u00f6r\u00fclmesi g\u00fc\u00e7 dalgalanmalara yol a\u00e7t\u0131\u011f\u0131 hat\u0131rlan\u0131yor. S&P 500 endeksi \u00fczerinde k\u0131sa vadeli koruyucu put opsiyonu almak (d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sigorta gibi \u00e7al\u0131\u015fan sat\u0131\u015f opsiyonu) olas\u0131 olumsuz s\u00fcrprizlere kar\u015f\u0131 portf\u00f6y\u00fc koruman\u0131n pratik bir yoludur.<\/p>\n
Y\u00fcksek gelen toptan\/\u00fcretici enflasyonu, en belirgin bask\u0131 unsuru. Bu durum, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) gev\u015femeyi (faiz indirimi veya daha destekleyici para politikas\u0131) ertelemesine neden olabilir. Bu g\u00f6r\u00fcn\u00fcm Fed Funds vadeli i\u015flemlerine (piyasan\u0131n Fed politika faizine dair beklentisini yans\u0131tan s\u00f6zle\u015fmeler) de yans\u0131yor: Y\u0131l sonuna kadar faiz indirimi ihtimali art\u0131k %65 olarak fiyatlan\u0131yor; ge\u00e7en ay bu oran %80\u2019di. Bu de\u011fi\u015fim, faiz g\u00f6stergelerine ba\u011fl\u0131 t\u00fcrev \u00fcr\u00fcnleri (faiz oran\u0131na g\u00f6re de\u011feri de\u011fi\u015fen s\u00f6zle\u015fmeler) daha \u015fahin bir duru\u015fun (faizleri y\u00fcksek tutma e\u011filimi) sinyallerini izlemek i\u00e7in \u00f6nemli hale getiriyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Piyasalarda yeni rekor heyecan\u0131: ABD vadeli endeksleri y\u00fckselirken teknoloji hisseleri ralliye liderlik ediyor. Ancak \u00dcFE %6\u2019ya s\u0131\u00e7rad\u0131; Fed indirimi gecikebilir, Trump-\u015ei ve perakende sat\u0131\u015flar oynakl\u0131\u011f\u0131 art\u0131rabilir.<\/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-46656","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\/46656","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=46656"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46656\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}