ABD\u2019de in\u015faat harcamalar\u0131 temmuzda ayl\u0131k bazda %0,5 gerileyerek, %0 (yatay) beklentisinin alt\u0131nda kald\u0131. Veriler, sekt\u00f6rdeki harcamalar\u0131n yak\u0131n vadede daha zay\u0131f bir seyre i\u015faret ediyor.<\/p>\n\n
Temmuzda in\u015faat harcamalar\u0131ndaki beklenmedik %0,5\u2019lik d\u00fc\u015f\u00fc\u015f, y\u00fcksek bor\u00e7lanma maliyetlerinin nihayet reel ekonomiyi so\u011futmaya ba\u015flad\u0131\u011f\u0131n\u0131 teyit ediyor. %0\u2019l\u0131k (yatay) beklentinin alt\u0131nda kalan bu daralman\u0131n, hem konut hem de konut d\u0131\u015f\u0131 projelerde daha geni\u015f \u00e7apl\u0131 bir geri \u00e7ekilmeye i\u015faret etti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n, piyasan\u0131n b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc yeniden fiyatlamas\u0131yla birlikte artacak oynakl\u0131\u011fa kar\u015f\u0131 derhal haz\u0131rl\u0131k yapmas\u0131 gerekiyor.<\/p>\n\n
Bu zay\u0131f veri, Fed\u2019in \u00f6n\u00fcm\u00fczdeki haftalarda faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fc h\u0131zland\u0131rmas\u0131 gerekti\u011fine y\u00f6nelik arg\u00fcman\u0131 g\u00fc\u00e7lendiriyor. Getirilerde d\u00fc\u015f\u00fc\u015f senaryosuna pozisyon almak i\u00e7in yat\u0131r\u0131mc\u0131lar\u0131n Secured Overnight Financing Rate (SOFR) vadeli i\u015flemleri ile Hazine tahvili opsiyonlar\u0131n\u0131 yak\u0131ndan izlemesini \u00f6neriyoruz. Tarihsel olarak, Temmuz 2024\u2019te g\u00f6r\u00fclen %0,3\u2019l\u00fck d\u00fc\u015f\u00fc\u015f gibi benzer gerilemeler, parasal gev\u015feme beklentilerini h\u0131zla beslemi\u015f ve tahvil getirilerini a\u015fa\u011f\u0131 \u00e7ekmi\u015fti.<\/p>\n\n
Konut ve sanayi sekt\u00f6rleriyle ba\u011flant\u0131l\u0131 hisse t\u00fcrevlerinde de taktik f\u0131rsatlar g\u00f6r\u00fcyoruz. iShares U.S. Home Construction ETF (ITB) \u00fczerinde koruyucu sat\u0131m (put) opsiyonu almak, in\u015faat \u015firketi hisselerindeki yak\u0131n vadeli zay\u0131fl\u0131\u011fa kar\u015f\u0131 korunma sa\u011flayabilir. Alternatif olarak, faizlerde ka\u00e7\u0131n\u0131lmaz a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131dan yararlanmak i\u00e7in uzun vadeli Hazine tahvili ETF\u2019leri \u00fczerinde al\u0131m (call) opsiyonu al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/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\u00fc\u015f\u00fc\u015f: ABD\u2019de temmuz in\u015faat harcamalar\u0131 %0,5 geriledi; beklenti %0\u2019d\u0131. Y\u00fcksek bor\u00e7lanma maliyetleri b\u00fcy\u00fcmeyi so\u011futuyor, oynakl\u0131k artabilir. Fed indirimi fiyatlan\u0131rken SOFR, tahvil opsiyonlar\u0131 ve ITB\u2019de put \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53508","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