ABD\u2019de GSYH b\u00fcy\u00fcmesi 2\u00c7\u2019de \u00e7eyreklik bazda y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f (q\/q AR) %1,5\u2019e gerilerken, \u00f6zel yurt i\u00e7i nihai al\u0131mlar %3,9\u2019a h\u0131zland\u0131; bu da man\u015fet verinin ima etti\u011finden daha g\u00fc\u00e7l\u00fc bir temel talebe i\u015faret ediyor. \u0130ki \u00f6l\u00e7\u00fct aras\u0131ndaki fark, toplam \u00fcretim art\u0131\u015f\u0131 yava\u015flasa da \u00e7ekirdek \u00f6zel sekt\u00f6r faaliyetindeki ivmenin artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n\n
Yapay zek\u00e2 (AI) ba\u011flant\u0131l\u0131 faaliyetler GSYH\u2019nin b\u00fcy\u00fck bir k\u0131sm\u0131n\u0131 olu\u015fturmaya devam ediyor; ancak 2\u00c7 b\u00fcy\u00fcmesinin AI ba\u011flant\u0131l\u0131 sekt\u00f6rlerin \u00f6tesinde de g\u00fc\u00e7l\u00fc seyretti\u011fi ifade edildi. Bu yayg\u0131nla\u015fan geni\u015fleme, ekonomideki g\u00fcc\u00fcn AI ile s\u0131n\u0131rl\u0131 olmad\u0131\u011f\u0131n\u0131 ortaya koyarken, para politikas\u0131n\u0131n da \u00e7ok s\u0131k\u0131 k\u0131s\u0131tlay\u0131c\u0131 olmayabilece\u011fine i\u015faret ediyor.<\/p>\n\n
\u00d6n\u00fcm\u00fczdeki haftalarda t\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n faiz indirimi beklentilerini h\u0131zla yeniden de\u011ferlendirmesi gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. 2026\u2019n\u0131n ikinci \u00e7eyre\u011finde ABD\u2019de temel \u00f6zel talebin %3,9\u2019a s\u0131\u00e7ramas\u0131, ekonominin man\u015fet GSYH b\u00fcy\u00fcmesi olan %1,5\u2019in ima etti\u011finden \u00e7ok daha diren\u00e7li oldu\u011funu g\u00f6steriyor. Bu da, h\u00e2lihaz\u0131rda %4,75-%5,00 band\u0131nda bulunan politika faizini a\u015fa\u011f\u0131 \u00e7ekmesi i\u00e7in ABD Merkez Bankas\u0131 (Fed) \u00fczerindeki bask\u0131y\u0131 azalt\u0131yor.<\/p>\n\n
Secured Overnight Financing Rate (SOFR) vadeli i\u015flemlerindeki pozisyonlar\u0131n buna g\u00f6re ayarlanmas\u0131n\u0131 \u00f6neriyoruz; zira bu kontratlar\u0131n yakla\u015fan faiz indirimlerinin h\u0131z\u0131n\u0131 muhtemelen fazla fiyatlad\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcyor. Tarihsel \u00f6r\u00fcnt\u00fcler, t\u00fcketim harcamalar\u0131 g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131nda Fed\u2019in enflasyonun yeniden t\u0131rmanmas\u0131n\u0131 \u00f6nlemek i\u00e7in bor\u00e7lanma maliyetlerini sabit tutmay\u0131 tercih etti\u011fini g\u00f6steriyor. Y\u0131l sonuna kadar agresif gev\u015femeye oynayan k\u0131sa vadeli faiz opsiyonlar\u0131n\u0131n sat\u0131lmas\u0131 temkinli bir hamle gibi g\u00f6r\u00fcn\u00fcyor.<\/p>\n\n
Hisse senedi opsiyon piyasas\u0131nda, yapay zek\u00e2 ve yaln\u0131zca teknoloji temal\u0131 i\u015flemlerdeki yo\u011funla\u015fmadan uzakla\u015fmak gerekiyor. Ekonomik g\u00fcc\u00fcn art\u0131k AI d\u0131\u015f\u0131 sekt\u00f6rlere de yay\u0131lmas\u0131 nedeniyle, daha geni\u015f piyasa endeks opsiyonlar\u0131ndaki ima edilen volatilite cazip bir giri\u015f noktas\u0131 sunuyor. Yat\u0131r\u0131mc\u0131lar, daha sa\u011fl\u0131kl\u0131 ve yayg\u0131n tabanl\u0131 bu ivmeden fayda sa\u011flayabilecek e\u015fit a\u011f\u0131rl\u0131kl\u0131 endekslerde veya d\u00f6ng\u00fcsel sekt\u00f6rlerde al\u0131m (call) opsiyonlar\u0131n\u0131 de\u011ferlendirebilir.<\/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":" Man\u015fet ABD GSYH 2\u00c7\u2019de %1,5\u2019e inse de \u00e7ekirdek \u00f6zel talep %3,9\u2019la s\u00fcrpriz g\u00fc\u00e7l\u00fc: Fed\u2019in h\u0131zl\u0131 faiz indirimi bask\u0131s\u0131 azal\u0131yor. SOFR\u2019da indirim fiyatlamas\u0131 fazla; endeks\/cyclical call\u2019lar \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52154","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