{"id":51756,"date":"2026-07-27T16:31:17","date_gmt":"2026-07-27T16:31:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/savunma-haric-abd-dayanikli-mal-siparisleri-haziranda-03-artti-imalatin-dayanikliligina-iliskin-gorunumu-guclendirdi\/"},"modified":"2026-07-27T16:31:17","modified_gmt":"2026-07-27T16:31:17","slug":"savunma-haric-abd-dayanikli-mal-siparisleri-haziranda-03-artti-imalatin-dayanikliligina-iliskin-gorunumu-guclendirdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/savunma-haric-abd-dayanikli-mal-siparisleri-haziranda-03-artti-imalatin-dayanikliligina-iliskin-gorunumu-guclendirdi\/","title":{"rendered":"Savunma Hari\u00e7 ABD Dayan\u0131kl\u0131 Mal Sipari\u015fleri Haziran’da %0,3 Artt\u0131, \u0130malat\u0131n Dayan\u0131kl\u0131l\u0131\u011f\u0131na \u0130li\u015fkin G\u00f6r\u00fcn\u00fcm\u00fc G\u00fc\u00e7lendirdi"},"content":{"rendered":"

ABD dayan\u0131kl\u0131 mal sipari\u015fleri (savunma hari\u00e7) haziranda %0,3 artt\u0131; \u00f6nceki aydaki %4,6\u2019l\u0131k d\u00fc\u015f\u00fc\u015f\u00fc tersine \u00e7evirdi. Bu hareket, may\u0131staki zay\u0131f verinin ard\u0131ndan uzun \u00f6m\u00fcrl\u00fc imalat \u00fcr\u00fcnlerine y\u00f6nelik temel talepte toparlanmaya i\u015faret ediyor.<\/p>\n

Savunma hari\u00e7 g\u00f6stergedeki haziran art\u0131\u015f\u0131 \u00f6nceki daralmayla tezat olu\u015ftururken, mal \u00fcreten sekt\u00f6r\u00fcn baz\u0131 b\u00f6l\u00fcmlerinde ko\u015fullar\u0131n g\u00fc\u00e7lendi\u011fine i\u015faret ediyor. %0,3\u2019l\u00fck son veri, -%4,6\u2019dan belirgin bir d\u00f6n\u00fc\u015fe kar\u015f\u0131l\u0131k geliyor; ikinci \u00e7eyrek kapan\u0131rken ayl\u0131k bazda ivmenin artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n

\u00c7ekirdek \u0130malat \u0130vmesi ve Piyasa Etkileri<\/h3>\n

ABD\u2019de savunma hari\u00e7 dayan\u0131kl\u0131 mal sipari\u015flerinin haziranda %0,3\u2019e h\u0131zl\u0131 s\u0131\u00e7ramas\u0131 (may\u0131staki sert %4,6 d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan), \u00e7ekirdek imalat\u0131n bir\u00e7ok ki\u015finin bekledi\u011finden daha h\u0131zl\u0131 istikrara kavu\u015ftu\u011funa i\u015faret ediyor. Bizce bu keskin d\u00f6n\u00fc\u015f, s\u0131k\u0131 bor\u00e7lanma maliyetlerine kar\u015f\u0131n temel i\u015f yat\u0131r\u0131mlar\u0131n\u0131n olduk\u00e7a diren\u00e7li kald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131 a\u00e7\u0131s\u0131ndan bu makro de\u011fi\u015fim, b\u00fcy\u00fcme endi\u015feleri hafiflemeye ba\u015flarken k\u0131sa vadeli pozisyonlamada h\u0131zl\u0131 bir ayarlamay\u0131 gerektiriyor.<\/p>\n

Tarihsel olarak, \u00e7ekirdek sermaye mal\u0131 sipari\u015flerinde g\u00f6r\u00fclen keskin toparlanmalar, \u00e7o\u011fu zaman sanayi \u00fcretiminde daha geni\u015f \u00e7apl\u0131 bir toparlanman\u0131n \u00f6n\u00fcne ge\u00e7er; bu da genellikle ABD dolar\u0131n\u0131 destekler. Getiriler \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131 beklentisiyle, yat\u0131r\u0131mc\u0131lar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda ABD Dolar Endeksi\u2019nde (DXY) uzun pozisyonlar olu\u015fturmaya y\u00f6nelmesini \u00f6neriyoruz. 10 y\u0131ll\u0131k ABD Hazine tahvili getirisinin son d\u00f6nemde kritik destek seviyeleri \u00e7evresinde seyretmesi dikkate al\u0131nd\u0131\u011f\u0131nda, burada kal\u0131c\u0131 bir tepki y\u00fckseli\u015fi k\u0131sa pozisyondaki yat\u0131r\u0131mc\u0131lar\u0131 s\u0131k\u0131\u015ft\u0131rabilir.<\/p>\n

Sekt\u00f6r Rotasyonu ve Fed Politikas\u0131 G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n

Hisse senedi t\u00fcrevleri taraf\u0131nda, defansiflerden \u00e7\u0131k\u0131p d\u00f6ng\u00fcsel sekt\u00f6rlere yeniden rotasyona haz\u0131rl\u0131kl\u0131 olmal\u0131y\u0131z. Opsiyon yat\u0131r\u0131mc\u0131lar\u0131, \u00f6rt\u00fck volatilitenin son d\u00f6nemde geriledi\u011fi sanayi ve temel materyaller ETF\u2019lerinde call spread alarak bundan faydalanabilir. \u0130malat sekt\u00f6r\u00fcnde dip olu\u015fumuna dair i\u015faretlerin g\u00fc\u00e7lenmesiyle, bu bask\u0131lanm\u0131\u015f sekt\u00f6rlerin a\u011fustos boyunca genel S&P 500\u2019e k\u0131yasla daha iyi performans g\u00f6stermesini bekliyoruz.<\/p>\n

Ayr\u0131ca bu veri, y\u0131l\u0131n ikinci yar\u0131s\u0131nda Fed\u2019in agresif faiz indirimleri uygulamas\u0131 y\u00f6n\u00fcndeki acil bask\u0131y\u0131 azalt\u0131yor. Fed fon vadeli i\u015flemleri bu \u015fahin diren\u00e7lili\u011fi muhtemelen hatal\u0131 fiyatlayarak, k\u0131sa vadeli faiz opsiyonlar\u0131nda i\u015flem yapmak i\u00e7in olduk\u00e7a elveri\u015fli bir pencere yaratabilir. Hazine tahvili vadeli kontratlar\u0131nda put satmak veya Eurodolar benzerlerinde put almak, piyasan\u0131n daha kademeli bir faiz indirimi patikas\u0131n\u0131 yeniden fiyatlamas\u0131yla g\u00fc\u00e7l\u00fc getiri potansiyeli sunabilir.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u015eok d\u00f6n\u00fc\u015f: ABD\u2019de savunma hari\u00e7 dayan\u0131kl\u0131 mal sipari\u015fleri haziranda %0,3 artt\u0131, may\u0131staki -%4,6\u2019y\u0131 sildi. \u00c7ekirdek talep toparlan\u0131yor; DXY ve getiriler destek bulabilir, d\u00f6ng\u00fcsellere rotasyon h\u0131zlanabilir.<\/p>\n","protected":false},"author":87,"featured_media":49985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t