ABD\u2019nin mal ve hizmetler ticaret dengesi Nisan ay\u0131nda 55,9 milyar dolar a\u00e7\u0131k verdi. Bu rakam, piyasadaki 56,1 milyar dolarl\u0131k a\u00e7\u0131k beklentisiyle kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131.<\/p>\n
Sonu\u00e7, tahminlere g\u00f6re s\u0131n\u0131rl\u0131 \u00f6l\u00e7\u00fcde daha iyi geldi; man\u015fet a\u00e7\u0131k, \u00f6ng\u00f6r\u00fclenden 0,2 milyar dolar daha dar ger\u00e7ekle\u015fti. Veri, mal ve hizmetlerde ihracat ile ithalat aras\u0131ndaki ayl\u0131k dengeyi yans\u0131t\u0131yor.<\/p>\n
Nisan ay\u0131 ticaret dengesi verisi, beklenenden biraz daha d\u00fc\u015f\u00fck bir a\u00e7\u0131\u011fa i\u015faret ederek, diren\u00e7li ABD ekonomisi g\u00f6r\u00fc\u015f\u00fcm\u00fcze k\u00fc\u00e7\u00fck bir katk\u0131 sa\u011fl\u0131yor. Verinin bir aydan daha eski olmas\u0131 nedeniyle do\u011frudan etkisi s\u0131n\u0131rl\u0131. Bunu, b\u00fcy\u00fck bir piyasa oynat\u0131c\u0131s\u0131 geli\u015fmeden ziyade bir trendin k\u00fc\u00e7\u00fck bir teyidi olarak g\u00f6r\u00fcyoruz.<\/p>\n
Bu durum, ABD dolar\u0131na y\u00f6nelik iyimser (bullish) g\u00f6r\u00fcn\u00fcm\u00fcm\u00fcz\u00fc destekliyor. Yak\u0131n tarihli May\u0131s istihdam raporunda 215 binlik g\u00fc\u00e7l\u00fc istihdam art\u0131\u015f\u0131yla birlikte, ABD ekonomisinin g\u00f6rece daha iyi performans g\u00f6sterdi\u011fi anlat\u0131s\u0131 korunuyor. UUP gibi para birimini takip eden ETF\u2019ler \u00fczerinden opsiyonlar arac\u0131l\u0131\u011f\u0131yla dolar uzun (long) pozisyonlar\u0131n\u0131 art\u0131rmay\u0131 veya yeni pozisyon a\u00e7may\u0131 de\u011ferlendirece\u011fiz.<\/p>\n
S&P 500 gibi hisse endeksleri a\u00e7\u0131s\u0131ndan, kal\u0131c\u0131 bi\u00e7imde g\u00fc\u00e7l\u00fc bir dolar \u00e7ok uluslu \u015firketler i\u00e7in r\u00fczg\u00e2r tersine d\u00f6nebilir. Tarihsel olarak 2022 gibi belirgin dolar g\u00fc\u00e7lenmesi d\u00f6nemleri, dolar baz\u0131nda raporlanan \u015firket k\u00e2rl\u0131l\u0131klar\u0131 \u00fczerinde bask\u0131yla \u00f6rt\u00fc\u015fm\u00fc\u015ft\u00fcr. Bu nedenle temkinliyiz ve uzun hisse portf\u00f6ylerini t\u00fcrevlerle hedge etmeyi, \u00f6rne\u011fin SPY \u00fczerinde put opsiyonu almay\u0131 d\u00fc\u015f\u00fcnebiliriz.<\/p>\n
Faiz t\u00fcrevleri perspektifinden bak\u0131ld\u0131\u011f\u0131nda, g\u00fc\u00e7l\u00fc ekonomik verilerin bu istikrarl\u0131 ak\u0131\u015f\u0131, Fed\u2019in yak\u0131n zamanda faiz indirimini g\u00fcndeme almas\u0131n\u0131 daha az olas\u0131 k\u0131l\u0131yor. Yakla\u015f\u0131k %3,3 seviyesinde yap\u0131\u015fkan kalan son enflasyon verileri de \u201cuzun s\u00fcre y\u00fcksek faiz\u201d g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc destekliyor. Getiri e\u011frisinin g\u00f6rece yatay kalmas\u0131n\u0131 bekliyor ve k\u0131sa vadeli faizlerde belirgin bir d\u00fc\u015f\u00fc\u015fe y\u00f6nelik agresif pozisyonlardan ka\u00e7\u0131naca\u011f\u0131z.<\/p>\n
Bu \u00e7er\u00e7evede, piyasan\u0131n g\u00fc\u00e7l\u00fc ekonomi ile g\u00fc\u00e7l\u00fc dolar ve y\u00fcksek faizin olumsuz etkilerini tartt\u0131\u011f\u0131 bir ortamda volatilitenin artabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. CBOE Volatilite Endeksi (VIX) 13 civar\u0131nda tarihsel d\u00fc\u015f\u00fck seviyelere yak\u0131n seyrediyor. \u00d6n\u00fcm\u00fczdeki haftalarda olas\u0131 bir piyasa geri \u00e7ekilmesine kar\u015f\u0131 d\u00fc\u015f\u00fck maliyetli bir korunma arac\u0131 olarak VIX al\u0131m (call) opsiyonlar\u0131 sat\u0131n almay\u0131 de\u011ferlendirebiliriz.<\/p>\n","protected":false},"excerpt":{"rendered":"
ABD\u2019nin Nisan ticaret a\u00e7\u0131\u011f\u0131 55,9 milyar dolarla beklentiden 0,2 milyar dolar daha dar: dolar g\u00f6r\u00fcn\u00fcm\u00fc g\u00fc\u00e7leniyor. Fed\u2019de indirim ihtimali azal\u0131yor; hisse riskine hedge, VIX call g\u00fcndemde.<\/p>\n","protected":false},"author":87,"featured_media":47686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49585","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\/49585","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=49585"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47686"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}