Dow Jones vadeli i\u015flemleri, ABD ordusunun \u0130ran\u2019a y\u00f6nelik son sald\u0131r\u0131lar\u0131n\u0131 tamamlad\u0131\u011f\u0131na ili\u015fkin haberlerin ard\u0131ndan Per\u015fembe g\u00fcn\u00fc Avrupa saatlerinde %0,61 y\u00fckselerek yakla\u015f\u0131k 50.300 seviyesine \u00e7\u0131kt\u0131. S&P 500 vadeli i\u015flemleri %0,67 art\u0131\u015fla yakla\u015f\u0131k 7.330\u2019a y\u00fckselirken, Nasdaq 100 vadeli i\u015flemleri %1,03 primle 28.850\u2019ye yakla\u015ft\u0131. Bu hareket, L\u00fcbnan\u2019dan \u0130srail\u2019in kuzeyine do\u011fru roket at\u0131\u015flar\u0131 yap\u0131lmas\u0131n\u0131n ard\u0131ndan \u0130srail \u0130\u00e7 Cephe Komutanl\u0131\u011f\u0131\u2019n\u0131n yay\u0131mlad\u0131\u011f\u0131 uyar\u0131lar\u0131 izlerken; Ba\u015fkan Trump\u2019\u0131n Tahran\u2019\u0131 ge\u00e7ici bir bar\u0131\u015f anla\u015fmas\u0131na y\u00f6nelik g\u00f6r\u00fc\u015fmeleri oyalamakla su\u00e7lamas\u0131yla tetiklenen yeni ABD sald\u0131r\u0131lar\u0131n\u0131n sonras\u0131na denk geldi.<\/p>\n
Vadeli taraftaki toparlanma, \u00c7ar\u015famba g\u00fcn\u00fc spot hisse senetlerinde g\u00f6r\u00fclen sert seans\u0131 izledi. Dow %1,87 gerilerken, S&P 500 %1,62 d\u00fc\u015ft\u00fc ve Nasdaq 100 %1,98 kay\u0131p verdi; teknoloji ve yar\u0131 iletken hisseleri, \u015fi\u015fkin yapay zek\u00e2 de\u011ferlemelerine ili\u015fkin endi\u015felerle bask\u0131 alt\u0131nda kald\u0131. Seans sonras\u0131 i\u015flemlerde Oracle hisseleri, hisse ve bor\u00e7lanma karmas\u0131yla ilave 20 milyar dolar kaynak sa\u011flama plan\u0131n\u0131n ard\u0131ndan %10\u2019dan fazla d\u00fc\u015ft\u00fc. Piyasalar ayr\u0131ca s\u0131cak gelen enflasyon verisini de sindirdi: ABD\u2019de enflasyon May\u0131s\u2019ta \u00fc\u00e7 y\u0131l\u0131 a\u015fk\u0131n s\u00fcrenin en h\u0131zl\u0131 temposuna ivmelenirken, art\u0131\u015f\u0131n ana s\u00fcr\u00fckleyicisi sava\u015f kaynakl\u0131 enerji fiyat\u0131 s\u0131\u00e7ramalar\u0131 oldu; odak May\u0131s \u00dcFE (PPI) ve haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131na \u00e7evrildi.<\/p>\n
Mevcut vadeli i\u015flemler rallisini jeopolitik tansiyondaki d\u00fc\u015f\u00fc\u015fe verilen ge\u00e7ici bir tepki olarak g\u00f6r\u00fcyoruz. CBOE Volatilite Endeksi\u2019nin (VIX) y\u00fcksek seyretmesi ve son d\u00f6nemde 22 civar\u0131nda i\u015flem g\u00f6rmesi, opsiyon primlerinin pahal\u0131 oldu\u011funa ve belirgin bir temel belirsizli\u011fi fiyatlad\u0131\u011f\u0131na i\u015faret ediyor. Bu da, ABD-\u0130ran sald\u0131r\u0131lar\u0131n\u0131n sona erdi\u011fine ili\u015fkin olumlu man\u015fete ra\u011fmen piyasan\u0131n \u00f6n\u00fcm\u00fczde daha fazla dalgalanma bekledi\u011fini g\u00f6steriyor.<\/p>\n
Temel sorun, inat\u00e7\u0131 enflasyon verileri olmaya devam ediyor. May\u0131s T\u00fcketici Fiyat Endeksi (T\u00dcFE) raporu y\u0131ll\u0131k bazda %4,5 art\u0131\u015fa i\u015faret ederek son \u00fc\u00e7 y\u0131l\u0131n zirvesini g\u00f6rd\u00fc. Bu y\u00fcksek okuma, Fed\u2019in politika faizini yaz boyunca %5,50 seviyesinde sabit tutaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc g\u00fc\u00e7lendiriyor. Bu do\u011frultuda, bor\u00e7lanma maliyetlerinin y\u00fcksek kald\u0131\u011f\u0131; \u015firket k\u00e2rl\u0131l\u0131klar\u0131 ve hisse de\u011ferlemeleri \u00fczerinde bask\u0131 yaratan bir piyasa ortam\u0131na g\u00f6re pozisyon al\u0131yoruz.<\/p>\n
Teknoloji ve yapay zek\u00e2 ba\u011flant\u0131l\u0131 hisseler, g\u00fc\u00e7l\u00fc ralli sonras\u0131 \u00f6zellikle k\u0131r\u0131lgan g\u00f6r\u00fcn\u00fcyor. Nasdaq 100\u2019\u00fcn tek seansta yakla\u015f\u0131k %2\u2019lik d\u00fc\u015f\u00fc\u015f\u00fc, y\u00fckseli\u015fe olan inanc\u0131n zay\u0131flad\u0131\u011f\u0131na i\u015faret ederken; Oracle\u2019\u0131n seans sonras\u0131 i\u015flemlerde hisse suland\u0131rma haberleriyle %10\u2019luk sert kayb\u0131, teknoloji aleyhine bu alg\u0131y\u0131 peki\u015ftiriyor. Yat\u0131r\u0131mc\u0131lar\u0131n y\u00fcksek de\u011ferlemeli b\u00fcy\u00fcme hisselerinden \u00e7\u0131k\u0131\u015fa y\u00f6nelmesiyle sekt\u00f6r\u00fcn daha derin bir d\u00fczeltmeye a\u00e7\u0131k oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalarda, bu beklenen geri \u00e7ekilmeye kar\u015f\u0131 korunmak ve olas\u0131 d\u00fc\u015f\u00fc\u015ften faydalanmak i\u00e7in Nasdaq 100 (QQQ) \u00fczerinde sat\u0131m (put) opsiyonlar\u0131 alaca\u011f\u0131z. Bu strateji, y\u00fcksek enflasyon ve jeopolitik \u015foklar\u0131n b\u00fcy\u00fcme hisselerinde sert sat\u0131\u015flar\u0131 tetikledi\u011fi 2022\u2019nin ba\u015f\u0131n\u0131 hat\u0131rlat\u0131yor. Orta Do\u011fu\u2019daki jeopolitik risk ile yurt i\u00e7indeki kal\u0131c\u0131 enflasyonun mevcut bile\u015fimi, piyasa a\u00e7\u0131s\u0131ndan benzer \u015fekilde elveri\u015fsiz bir zemin olu\u015fturuyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jeopolitik tansiyonla dalgalanan Wall Street, \u201cABD-\u0130ran sald\u0131r\u0131lar\u0131 bitti\u201d man\u015fetiyle vadeli tarafta toparland\u0131. Ancak y\u00fcksek VIX, %4,5 T\u00dcFE, Oracle \u015foku ve AI de\u011ferlemeleri Nasdaq\u2019ta d\u00fczeltme riskini art\u0131r\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-48594","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/48594","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=48594"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47715"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}