Dow Jones vadeli i\u015flemleri Per\u015fembe g\u00fcn\u00fc Avrupa saatlerinde ABD a\u00e7\u0131l\u0131\u015f\u0131 \u00f6ncesinde y\u00fczde 0,22 d\u00fc\u015ferek 50.000 seviyesinin alt\u0131na indi. S&P 500 vadeli i\u015flemleri y\u00fczde 0,27 gerileyerek yakla\u015f\u0131k 7.430\u2019a, Nasdaq 100 vadeli i\u015flemleri ise y\u00fczde 0,42 d\u00fc\u015f\u00fc\u015fle 29.250 civar\u0131na \u00e7ekildi.<\/p>\n
ABD-\u0130ran g\u00f6r\u00fc\u015fmelerine ili\u015fkin belirsizlik ve Fed\u2019in daha s\u0131k\u0131 para politikas\u0131na i\u015faret eden mesajlar\u0131 (faizleri y\u00fcksek tutma veya art\u0131rma e\u011filimi) nedeniyle risk i\u015ftah\u0131 zay\u0131flad\u0131. Ba\u015fkan Donald Trump, \u0130ran\u2019la m\u00fczakerelerin son a\u015famaya geldi\u011fini, ancak \u015fartlar\u0131n reddedilmesi halinde askeri ad\u0131mlar\u0131n g\u00fcnler i\u00e7inde yeniden g\u00fcndeme gelebilece\u011fini s\u00f6yledi.<\/p>\n
Nisan ay\u0131 FOMC (Fed\u2019in faiz kararlar\u0131n\u0131 alan kurul) toplant\u0131 tutanaklar\u0131na g\u00f6re, Fed yetkililerinin \u00e7o\u011funlu\u011fu enflasyon y\u00fczde 2 hedefinin \u00fczerinde kal\u0131rsa faizlerin y\u00fckseltilmesinin gerekebilece\u011fini belirtti. Tutanaklarda ayr\u0131ca jeopolitik gerilim kaynakl\u0131 enflasyon risklerine de de\u011finildi.<\/p>\n
ABD hisseleri \u00c7ar\u015famba g\u00fcn\u00fc petrol fiyatlar\u0131 ve Hazine tahvili getirileri (devlet tahvillerinin faizleri) gerilerken y\u00fckseldi. Nasdaq 100 y\u00fczde 1,54, Dow y\u00fczde 1,31 ve S&P 500 y\u00fczde 1,08 artt\u0131.<\/p>\n
NVIDIA, \u00e7eyreklik gelirini 81,62 milyar dolar ve net k\u00e2r\u0131n\u0131 58,32 milyar dolar olarak a\u00e7\u0131klad\u0131; temett\u00fcs\u00fcn\u00fc (hissedara nakit k\u00e2r pay\u0131) art\u0131rd\u0131 ve 80 milyar dolarl\u0131k hisse geri al\u0131m program\u0131 duyurdu. Intuit, gelirini 8,6 milyar dolara \u00e7\u0131kard\u0131 (y\u0131ll\u0131k y\u00fczde 10 art\u0131\u015f), beklentilerini yukar\u0131 y\u00f6nl\u00fc g\u00fcncelledi ve yakla\u015f\u0131k 3.000 ki\u015fiyi etkileyen y\u00fczde 17\u2019lik i\u015f g\u00fcc\u00fc azalt\u0131m\u0131 a\u00e7\u0131klad\u0131.<\/p>\n
Analog Devices, gelirini 3,62 milyar dolar olarak duyurdu (y\u0131ll\u0131k y\u00fczde 37 art\u0131\u015f) ve Empower Semiconductor\u2019\u0131 sat\u0131n almak i\u00e7in 1,5 milyar dolarl\u0131k anla\u015fma a\u00e7\u0131klad\u0131. Walmart\u2019\u0131n ayn\u0131 ma\u011faza sat\u0131\u015flar\u0131nda (mevcut ma\u011fazalar\u0131n ge\u00e7en y\u0131la g\u00f6re sat\u0131\u015f de\u011fi\u015fimi) y\u00fczde 3,85 b\u00fcy\u00fcme ve ABD kar\u015f\u0131la\u015ft\u0131r\u0131labilir sat\u0131\u015flar\u0131nda (benzer ma\u011fazalar baz\u0131nda b\u00fcy\u00fcme) y\u00fczde 4 art\u0131\u015f a\u00e7\u0131klamas\u0131 bekleniyor. Deere\u2019in ise hisse ba\u015f\u0131na k\u00e2r\u0131n\u0131n (EPS: \u015firket k\u00e2r\u0131n\u0131n hisse adedine b\u00f6l\u00fcnmesi) y\u0131ll\u0131k bazda y\u00fczde 12,5 d\u00fc\u015fmesi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
Dow Jones vadeli i\u015flemleri 50.000 seviyesinin alt\u0131nda dalgalan\u0131rken, ABD-\u0130ran g\u00f6r\u00fc\u015fmelerindeki belirsizlik ve Fed\u2019in \u201c\u015fahin\u201d duru\u015fu (enflasyonu d\u00fc\u015f\u00fcrmek i\u00e7in faiz art\u0131rmaya daha yatk\u0131n yakla\u015f\u0131m) piyasadaki tedirginli\u011fi art\u0131r\u0131yor. Bu ortamda oynakl\u0131\u011fa yat\u0131r\u0131m yapmak (fiyat dalgalanmas\u0131n\u0131n artaca\u011f\u0131 beklentisiyle pozisyon almak) daha temkinli bir yakla\u015f\u0131m olabilir. \u00d6rne\u011fin VIX endeksi \u00fczerine al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) kullan\u0131labilir. VIX (S&P 500\u2019\u00fcn beklenen oynakl\u0131\u011f\u0131n\u0131 g\u00f6steren \u201ckorku endeksi\u201d) ge\u00e7mi\u015fte b\u00fcy\u00fck jeopolitik olaylarda 30\u2019un \u00fczerine s\u0131\u00e7rayabildi.<\/p>\n
Fed tutanaklar\u0131, \u00f6zellikle \u00e7ekirdek enflasyon (g\u0131da ve enerji gibi oynak kalemler hari\u00e7 enflasyon) y\u00fczde 3\u2019\u00fcn \u00fczerinde kal\u0131rken faiz art\u0131\u015f\u0131n\u0131n yeniden g\u00fcndeme gelebilece\u011fine i\u015faret ediyor. Portf\u00f6y\u00fc korumak i\u00e7in yat\u0131r\u0131mc\u0131lar S&P 500 ve Nasdaq 100 gibi endekslerde koruyucu sat\u0131m opsiyonlar\u0131na (put: belirli fiyattan satma hakk\u0131) y\u00f6nelebilir. Bu t\u00fcr korunma, faiz art\u0131\u015f\u0131 d\u00f6nemlerinde kay\u0131plar\u0131 s\u0131n\u0131rlamak i\u00e7in kullan\u0131lan savunmac\u0131 bir yakla\u015f\u0131md\u0131r.<\/p>\n
NVIDIA\u2019n\u0131n sonu\u00e7lar\u0131 yapay zek\u00e2 kaynakl\u0131 b\u00fcy\u00fcmenin \u00e7ok k\u00e2rl\u0131 oldu\u011funu g\u00f6sterse de, hissedeki s\u0131n\u0131rl\u0131 geri \u00e7ekilme beklentilerin ne kadar y\u00fckseldi\u011fine i\u015faret ediyor. \u015eirketin ileriye d\u00f6n\u00fck F\/K oran\u0131n\u0131n (ileri fiyat\/kazan\u00e7: piyasan\u0131n gelecek k\u00e2r tahminine g\u00f6re de\u011ferlemesi) 60\u2019\u0131n \u00fczerinde olmas\u0131, beklenti \u00e7\u0131tas\u0131n\u0131 y\u00fcksek tutuyor. Bu tabloda daha d\u00fc\u015f\u00fck kullan\u0131m fiyat\u0131ndan (strike: opsiyonda hak fiyat\u0131) nakit teminatl\u0131 put sat\u0131\u015f\u0131 (cash-secured put: hisseyi alma g\u00fcc\u00fc kadar nakit ay\u0131rarak put satmak) prim geliri (opsiyon primi: opsiyon sat\u0131c\u0131s\u0131n\u0131n ald\u0131\u011f\u0131 \u00fccret) elde etmeyi ve daha uygun fiyattan al\u0131m f\u0131rsat\u0131 yaratmay\u0131 sa\u011flayabilir. 80 milyar dolarl\u0131k geri al\u0131m program\u0131 da hisse i\u00e7in destek unsuru olabilir ve sert d\u00fc\u015f\u00fc\u015f riskini azaltabilir.<\/p>\n
Walmart ve Deere\u2019in yakla\u015fan bilan\u00e7olar\u0131, dayan\u0131kl\u0131 t\u00fcketim talebi ile zorlanan sanayi taraf\u0131 aras\u0131ndaki ayr\u0131\u015fmay\u0131 \u00f6ne \u00e7\u0131kar\u0131yor. Son veriler, ABD imalat PMI\u2019\u0131n (Sat\u0131n Alma Y\u00f6neticileri Endeksi; 50\u2019nin alt\u0131 daralmaya i\u015faret eder) 49,5\u2019e geriledi\u011fini, yani sekt\u00f6rde daralma sinyali verdi\u011fini g\u00f6steriyor. Buna kar\u015f\u0131n t\u00fcketim harcamalar\u0131 pozitif kal\u0131yor. Bu farkl\u0131la\u015fma \u201c\u00e7ift y\u00f6nl\u00fc i\u015flem\u201di (pairs trade: bir varl\u0131kta uzun, di\u011ferinde k\u0131sa\/koruyucu pozisyon) \u00f6ne \u00e7\u0131karabilir; \u00f6rne\u011fin Walmart\u2019ta al\u0131m opsiyonu al\u0131rken Deere\u2019de sat\u0131m opsiyonu almak gibi.<\/p>\n
Intuit\u2019in g\u00fc\u00e7l\u00fc gelire ra\u011fmen i\u015f g\u00fcc\u00fcn\u00fc y\u00fczde 17 azaltmas\u0131, \u015firketlerin yapay zek\u00e2 destekli verimlilik hedeflerine h\u0131zl\u0131 \u015fekilde y\u00f6neldi\u011fini g\u00f6steriyor. Bu durum, yaln\u0131zca yapay zek\u00e2y\u0131 kullananlardan ziyade altyap\u0131y\u0131 (\u00e7ip, donan\u0131m, kritik bile\u015fen) \u00fcreten \u015firketlere odaklanman\u0131n daha tutarl\u0131 olabilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc destekliyor. Analog Devices\u2019\u0131n stratejik sat\u0131n al\u0131m\u0131, yapay zek\u00e2 donan\u0131m\u0131na y\u00f6nelik g\u00fc\u00e7l\u00fc talebi de\u011ferlendirdi\u011fini g\u00f6steriyor; bu da hisse i\u00e7in y\u00fckseli\u015f odakl\u0131 \u201ccall spread\u201d stratejisini (ayn\u0131 vadede farkl\u0131 fiyatlardan iki al\u0131m opsiyonu ile s\u0131n\u0131rl\u0131 risk\/s\u0131n\u0131rl\u0131 getiri yap\u0131s\u0131) \u00f6ne \u00e7\u0131karabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Piyasada tansiyon y\u00fckseliyor: Dow vadeli 50 bin alt\u0131na inerken S&P 500 ve Nasdaq geriledi. Fed\u2019in \u015fahin tutanaklar\u0131 ve ABD-\u0130ran belirsizli\u011fi risk i\u015ftah\u0131n\u0131 t\u00f6rp\u00fcl\u00fcyor; 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-47174","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\/47174","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=47174"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47174\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}