Kanada\u2019n\u0131n otomotiv hari\u00e7 perakende sat\u0131\u015flar\u0131 Nisan\u2019da ayl\u0131k bazda %0,1 artt\u0131 ve %0,7\u2019lik piyasa beklentisinin alt\u0131nda kald\u0131. Aradaki fark, s\u00f6z konusu d\u00f6nemde \u00e7ekirdek t\u00fcketici harcamalar\u0131nda piyasan\u0131n \u00f6ng\u00f6rd\u00fc\u011f\u00fcne k\u0131yasla daha zay\u0131f bir ivmeye i\u015faret ediyor.<\/p>\n
Nisan verisi, beklenenden zay\u0131f bir ayl\u0131k performans\u0131n ard\u0131ndan geldi ve k\u0131sa vadeli yurt i\u00e7i talep ko\u015fullar\u0131na ili\u015fkin g\u00fcncellenen de\u011ferlendirmelere yans\u0131yabilir. Ger\u00e7ekle\u015fmenin %0,1\u2019de kal\u0131p %0,7\u2019lik beklentiyi kar\u015f\u0131layamamas\u0131, bunun tek seferlik bir yava\u015flama m\u0131 yoksa daha geni\u015f bir e\u011filimin par\u00e7as\u0131 m\u0131 oldu\u011funun teyidi i\u00e7in sonraki verilere odaklan\u0131lmas\u0131na neden olabilir.<\/p>\n
Otomotiv hari\u00e7 perakende sat\u0131\u015flarda Nisan\u2019da yaln\u0131zca %0,1\u2019lik art\u0131\u015f g\u00f6r\u00fclmesi, Kanada\u2019da t\u00fcketicinin ivme kaybetti\u011fi y\u00f6n\u00fcndeki g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc teyit ediyor. %0,7\u2019lik tahminin belirgin \u015fekilde alt\u0131nda kalan bu rakam, daha geni\u015f \u00e7apl\u0131 bir ekonomik yava\u015flamaya i\u015faret ediyor. Bunu, Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) \u00f6nceki faiz art\u0131r\u0131mlar\u0131n\u0131n talep \u00fczerinde ciddi bir so\u011futucu etki yaratt\u0131\u011f\u0131na dair net bir sinyal olarak de\u011ferlendiriyoruz.<\/p>\n
Kanada dolar\u0131n\u0131n \u00f6zellikle k\u0131r\u0131lgan oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz; bu nedenle opsiyonlar \u00fczerinden ya da USD\/CAD vadeli kontratlar\u0131 alarak d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc pozisyonlar\u0131 de\u011ferlendiriyoruz. ABD ekonomisinin daha dayan\u0131kl\u0131 bir g\u00f6r\u00fcn\u00fcm sergilemesiyle, BoC ile Fed aras\u0131ndaki politika ayr\u0131\u015fmas\u0131n\u0131n artmas\u0131 muhtemel. Tarihsel olarak, Kanada\u2019n\u0131n ABD\u2019ye k\u0131yasla zay\u0131f performans g\u00f6sterdi\u011fi 2015 gibi d\u00f6nemler, \u201cloonie\u201dde kal\u0131c\u0131 zay\u0131fl\u0131\u011fa yol a\u00e7m\u0131\u015ft\u0131.<\/p>\n
Piyasan\u0131n, y\u0131l sonundan \u00f6nce BoC faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 yeterince fiyatlamad\u0131\u011f\u0131 d\u00fc\u015f\u00fcncesindeyiz; bu da faiz t\u00fcrevlerinde f\u0131rsat yarat\u0131yor. Statistics Canada\u2019n\u0131n son raporu, May\u0131s enflasyonunun %2,6\u2019ya geriledi\u011fini g\u00f6sterdi; zay\u0131f perakende verisi de gev\u015feme arg\u00fcman\u0131n\u0131 g\u00fc\u00e7lendiriyor. K\u0131sa vadeli faizlerde olas\u0131 d\u00fc\u015f\u00fc\u015ften faydalanmak i\u00e7in Kanada tahvil vadeli kontratlar\u0131nda (BAX kontratlar\u0131) al\u0131m y\u00f6n\u00fcnde pozisyon almay\u0131 de\u011ferlendiriyoruz.<\/p>\n
S&P\/TSX Bile\u015fik Endeksi\u2019nde oynakl\u0131\u011f\u0131n artmas\u0131n\u0131 ve defansif bir rotasyonu \u00f6ng\u00f6r\u00fcyoruz. \u0130ste\u011fe ba\u011fl\u0131 t\u00fcketim ve perakende hisseleri bask\u0131 alt\u0131nda kal\u0131rken, faizlere duyarl\u0131 sekt\u00f6rler (kamu hizmetleri\/utility \u015firketleri ve GYO\u2019lar\/REIT\u2019ler) daha d\u00fc\u015f\u00fck bor\u00e7lanma maliyetleri beklentisiyle destek bulabilir. Bu spesifik zay\u0131fl\u0131\u011fa do\u011frudan oynama amac\u0131yla t\u00fcketici odakl\u0131 ETF\u2019lerde sat\u0131m (put) opsiyonlar\u0131 al\u0131yoruz.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz zay\u0131fl\u0131k: Kanada\u2019da otomotiv hari\u00e7 perakende sat\u0131\u015flar Nisan\u2019da %0,1 artarak %0,7 beklentiyi ka\u00e7\u0131rd\u0131. T\u00fcketici ivmesi s\u00f6n\u00fcyor, BoC indirimi masada; CAD k\u0131r\u0131lgan, defansif rotasyon \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49724","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\/49724","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=49724"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47700"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}