ABD\u2019de ISM imalat istihdam endeksi temmuzda 52,8\u2019e y\u00fckseldi; \u00f6nceki ay 49,7 seviyesindeydi. Bu hareket, g\u00f6stergeyi daralma ile geni\u015flemeyi ay\u0131ran 50 e\u015fi\u011finin yeniden \u00fczerine ta\u015f\u0131yarak fabrika sekt\u00f6r\u00fcnde bordrolu istihdam art\u0131\u015f\u0131na d\u00f6n\u00fc\u015fe i\u015faret etti.<\/p>\n
Veri, hazirandaki 50 alt\u0131 sonucun tersine d\u00f6nmesine i\u015faret ederken, \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fin ba\u015f\u0131nda imalat\u00e7\u0131lar nezdinde i\u015fg\u00fcc\u00fc talebinin g\u00fc\u00e7lendi\u011fini g\u00f6steriyor. ISM imalat anketinin bir par\u00e7as\u0131 olan istihdam bile\u015feni, yak\u0131n vadeli i\u015fe al\u0131m ivmesi ve fabrika kaynakl\u0131 istihdam ko\u015fullar\u0131n\u0131n y\u00f6n\u00fcne dair sinyal vermesi nedeniyle yak\u0131ndan izleniyor.<\/p>\n
ISM \u0130malat \u0130stihdam Endeksi\u2019nin haziran\u0131n 49,7 seviyesinden 52,8\u2019e ani s\u0131\u00e7ramas\u0131, sanayi sekt\u00f6r\u00fcnde s\u00fcrpriz bir i\u015fe al\u0131m toparlanmas\u0131na i\u015faret ediyor. Bu dayan\u0131kl\u0131l\u0131\u011f\u0131n, Federal Rezerv\u2019i faizleri y\u00fcksek seviyelerde tutmaya zorlayaca\u011f\u0131n\u0131; piyasalar\u0131n h\u0131zl\u0131 faiz indirimi beklentilerini ise zorlayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. T\u00fcrev \u00fcr\u00fcn yat\u0131r\u0131mc\u0131lar\u0131n\u0131n, tahvil piyasas\u0131n\u0131n bu \u015fahin bask\u0131lar\u0131 yeniden fiyatlamas\u0131yla artan oynakl\u0131\u011fa kar\u015f\u0131 portf\u00f6ylerini h\u0131zl\u0131 bi\u00e7imde ayarlamas\u0131 gerekir.<\/p>\n
Tarihsel olarak, endeks 52 e\u015fi\u011finin \u00fczerine \u00e7\u0131karak yeniden geni\u015fleme b\u00f6lgesine d\u00f6nd\u00fc\u011f\u00fcnde, takip eden haftalarda iki y\u0131ll\u0131k ABD Hazine tahvili getirisinde ortalama 15-20 baz puanl\u0131k art\u0131\u015fla s\u0131kl\u0131kla ili\u015fkilendi. Hazine tahvili opsiyonlar\u0131 piyasas\u0131nda, daha y\u00fcksek getiriler senaryosuna pozisyon almak i\u00e7in TLT gibi uzun vadeli tahvil ETF\u2019lerinde put al\u0131m\u0131n\u0131 \u00f6neriyoruz. K\u0131sa vadeli faiz i\u015flemleri yapanlar i\u00e7in ise Aral\u0131k 2026 SOFR vadeli kontratlar\u0131nda k\u0131sa pozisyon almak, Fed\u2019in faiz indirimi beklentilerinin geri \u00e7ekilmesinden faydalanmak ad\u0131na stratejik bir yol sunuyor.<\/p>\n
D\u00f6viz piyasas\u0131nda, ABD Dolar Endeksi (DXY) \u00fczerinde al\u0131m y\u00f6nl\u00fc call opsiyonlar\u0131 i\u00e7in g\u00fc\u00e7l\u00fc bir gerek\u00e7e g\u00f6r\u00fcyoruz. Beklenmedik bu istihdam g\u00fcc\u00fc dolar\u0131 desteklemeli; \u00f6zellikle de Euro B\u00f6lgesi\u2019nden gelen daha zay\u0131f sanayi verileriyle bask\u0131 alt\u0131nda kalan euro kar\u015f\u0131s\u0131nda. Bu arada, hisse senedi opsiyon yat\u0131r\u0131mc\u0131lar\u0131, y\u00fcksek faizlere duyarl\u0131 b\u00fcy\u00fcme hisselerinde olas\u0131 ani geri \u00e7ekilmelere kar\u015f\u0131 korunma amac\u0131yla k\u0131sa vadeli VIX call al\u0131m\u0131n\u0131 de\u011ferlendirmeli.<\/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":" S\u00fcrpriz d\u00f6n\u00fc\u015f: ABD ISM imalat istihdam\u0131 temmuzda 52,8\u2019e s\u0131\u00e7ray\u0131p yeniden geni\u015flemeye ge\u00e7ti. Bu, Fed\u2019in \u015fahin kalabilece\u011fi beklentisini g\u00fc\u00e7lendiriyor; tahvil getirileri, dolar ve opsiyon piyasalar\u0131nda yeniden fiyatlama \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52280","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