![\"\"](\"https:\/\/i01.sozcucdn.com\/wp-content\/uploads\/2022\/12\/26\/tablo1.png\" "\\"\\"")
<\/p>\nKaynak: \u0130nfo Yat\u0131r\u0131m G\u00fcnl\u00fck B\u00fclten<\/p>\n<\/div>\n
Y\u0131l ba\u015f\u0131ndan bug\u00fcne bak\u0131ld\u0131\u011f\u0131nda Dolar\/TL\u2019nin getirisi y\u00fczde 40 olurken Euro\/TL ise yat\u0131r\u0131mc\u0131s\u0131na y\u00fczde 32 getiri sundu. Ons Alt\u0131n yat\u0131r\u0131mc\u0131s\u0131na y\u0131l ba\u015f\u0131ndan bug\u00fcne y\u00fczde 1,71 kaybettirse de, d\u00f6viz kurlar\u0131ndaki y\u00fckseli\u015fe paralel olarak gram alt\u0131n da son bir y\u0131lda yat\u0131r\u0131mc\u0131s\u0131na y\u00fczde 38,58 kazan\u00e7 sa\u011flad\u0131.<\/p>\n
Lider kripto para Bitcoin de dolar baz\u0131nda yat\u0131r\u0131mc\u0131s\u0131na y\u0131l ba\u015f\u0131ndan bu g\u00fcne yakla\u015f\u0131k y\u00fczde 65 kaybettirdi.<\/p>\n
![\"\"](\"https:\/\/i01.sozcucdn.com\/wp-content\/uploads\/2022\/12\/26\/parite-emtia.png\" "\\"\\"")
<\/p>\nKaynak: \u0130nfo Yat\u0131r\u0131m G\u00fcnl\u00fck B\u00fclten<\/p>\n<\/div>\n
2022\u2019de k\u00fcresel borsalar da yat\u0131r\u0131mc\u0131s\u0131n\u0131 \u00fczd\u00fc. Dow Jones endeksi y\u0131l ba\u015f\u0131ndan bu g\u00fcne y\u00fczde 8,63 d\u00fc\u015ferken S&P 500 y\u00fczde 19,33 de\u011fer kaybetti. Nasdaq endeksi ise yakla\u015f\u0131k y\u00fczde 33 geriledi.<\/p>\n
![\"\"](\"https:\/\/i01.sozcucdn.com\/wp-content\/uploads\/2022\/12\/26\/endeksler.png\" "\\"\\"")
<\/p>\nKaynak: \u0130nfo Yat\u0131r\u0131m G\u00fcnl\u00fck B\u00fclten<\/p>\n<\/div>\n
Sozcu.com.tr\u2019ye yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n 2022 y\u0131l\u0131na ili\u015fkin performanslar\u0131n\u0131 ve 2023 beklentilerini de\u011ferlendiren piyasa uzmanlar\u0131 Borsa \u0130stanbul\u2019daki getirinin \u00f6n\u00fcm\u00fczdeki y\u0131l bu seviyelerde olmayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyor.<\/p>\n
\u015eirket k\u00e2rl\u0131l\u0131klar\u0131, ABD Merkez Bankas\u0131\u2019n\u0131n para politikas\u0131, resesyon gibi etkenlerin yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n performans\u0131na yans\u0131yaca\u011f\u0131n\u0131 s\u00f6yleyen analistler, alt\u0131n\u0131n \u00f6n plana \u00e7\u0131kabilece\u011fini, d\u00f6viz kurlar\u0131n\u0131n ise enflasyon oran\u0131nda getiri sa\u011flayabilece\u011fini s\u00f6yl\u00fcyor.<\/p>\n
\u20182022 G\u0130B\u0130 PERFORMANS BORSADA ZOR\u2019<\/b><\/p>\n
Ahlatc\u0131 Yat\u0131r\u0131m Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131 Y\u00fccel Tongu\u00e7 Erba\u015f, yapt\u0131\u011f\u0131 de\u011ferlendirmede 2022\u2019de borsan\u0131n beklentilerin \u00fczerinde bir performans g\u00f6sterdi\u011fini belirterek, \u201cKur korumal\u0131 mevduat sistemi kuru bask\u0131larken, ons alt\u0131nda ya\u015fanan yatay fiyatlaman\u0131n etkisi gram alt\u0131n taraf\u0131nda hissedildi\u201d dedi.<\/p>\n
2023 y\u0131l\u0131na ili\u015fkin beklentilerini de payla\u015fan Erba\u015f \u015fu ifadeleri kulland\u0131;<\/p>\n
\u201c2023 y\u0131l\u0131nda Borsa \u0130stanbul’un y\u0131ll\u0131k getirilerine bakt\u0131\u011f\u0131m\u0131zda 2022 gibi iyi performans g\u00f6sterdi\u011fi y\u0131llar sonras\u0131 getirilerin d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6r\u00fcyoruz. Bu nedenle yeni y\u0131lda 2022 gibi bir performans\u0131n Borsa \u0130stanbul’da ger\u00e7ekle\u015fmesinin zor oldu\u011funu, Merkez Bankas\u0131’n\u0131n yeni y\u0131lda faiz indirimlerine ara verece\u011fini, b\u00fcy\u00fcme ivmesinin yurt i\u00e7inde ve yurt d\u0131\u015f\u0131nda azalaca\u011f\u0131n\u0131, enflasyonun \u015firket bilan\u00e7olar\u0131na etkisinin s\u0131n\u0131rl\u0131 kalaca\u011f\u0131n\u0131 ve k\u00fcresel piyasalarda y\u00fcksek faiz oranlar\u0131 ve y\u00fcksek enflasyonun k\u0131smen kal\u0131c\u0131l\u0131k sa\u011flayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fc\u011f\u00fcm\u00fczden borsada geri \u00e7ekilmelerin kal\u0131c\u0131 olabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n
Alt\u0131n \u00f6zellikle kurda yatay yukar\u0131 hareket devam\u0131 ve ons alt\u0131nda risk alg\u0131s\u0131nda ya\u015fanabilecek bozulma ile gelebilecek talebin etkisi ile y\u00fckseli\u015f beklentimize paralel \u00f6n plana \u00e7\u0131kabilir. Kurda ise 2023 i\u00e7in enflasyona paralel y\u00fckseli\u015flerin devam edebilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz\u201d<\/p>\n
\u015e\u0130RKETLER\u0130N REEL K\u00c2RINDA D\u00dc\u015e\u00dc\u015e \u00d6NG\u00d6R\u00dcL\u00dcYOR<\/b><\/p>\n
Gedik Yat\u0131r\u0131m Ara\u015ft\u0131rma Direkt\u00f6r\u00fc Ali Kerim Akkoyunlu da 2022\u2019de Borsa \u0130stanbul\u2019un m\u00fcthi\u015f bir performans g\u00f6sterdi\u011fini kaydederek, y\u0131l\u0131n en \u00e7ok kazand\u0131ran arac\u0131n borsa oldu\u011funu ifade etti.<\/p>\n
Bunun temel nedeni olarak, d\u00fc\u015f\u00fck faiz-y\u00fcksek enflasyon ortam\u0131 ve \u015firket k\u00e2rl\u0131l\u0131klar\u0131ndaki art\u0131\u015f\u0131 g\u00f6steren Akkoyunlu, 2023 y\u0131l\u0131 beklentilerine ili\u015fkin ise \u015f\u00f6yle konu\u015ftu;<\/p>\n
\u201c\u0130\u00e7inde bulundu\u011fumuz ortamda d\u00fc\u015f\u00fck faiz-y\u00fcksek enflasyon form\u00fcl\u00fcnde bir de\u011fi\u015fikik yok. Baz etkisi ile d\u00fc\u015f\u00fc\u015f g\u00f6rece\u011fiz ama 2023\u2019te y\u00fczde 40-50 enflasyon olsa, faizler yine d\u00fc\u015f\u00fck.
Yat\u0131r\u0131mc\u0131lar paralar\u0131n\u0131 korumak isteyeceklerdir.<\/p>\n
Ama 2023 biraz farkl\u0131 olacak. Yava\u015flayan ekonomik b\u00fcy\u00fcme ve artan maliyetler kar\u015f\u0131s\u0131nda kur ayn\u0131 oranda artmay\u0131nca, ihracat\u00e7\u0131lardan ba\u015flamak \u00fczere \u015firket k\u00e2rl\u0131l\u0131klar\u0131 etkilenecek. Enflasyona endeksli tahvillerden bankalar k\u00e2r elde etti ancak b\u00fcy\u00fcmenin de biraz daha yava\u015flamas\u0131yla 2023\u2019te \u015firket k\u00e2rl\u0131l\u0131klar\u0131nda reel anlamda y\u00fczde 25\u2019lere varan d\u00fc\u015f\u00fc\u015f bekliyoruz\u201d<\/p>\n
\u2018KADEMEL\u0130 OLARAK K\u00c2RLAR REAL\u0130ZE ED\u0130LMEL\u0130\u2019<\/b><\/p>\n
Borsa \u0130stanbul\u2019un orta vadede doyum noktas\u0131na ula\u015ft\u0131\u011f\u0131n\u0131 da kaydeden Akkoyunlu mart ay\u0131na kadar y\u00fckseli\u015f trendinin devam edebilece\u011fini kaydetti. Buna kar\u015f\u0131n yat\u0131r\u0131mc\u0131lar\u0131n art\u0131k borsada elde etti\u011fi k\u00e2rlar\u0131 kademeli olarak realize etmeleri gerekti\u011finin alt\u0131n\u0131 \u00e7izerek di\u011fer ara\u00e7lar\u0131n performans\u0131na ili\u015fkin \u015fu de\u011ferlendirmeleri payla\u015ft\u0131;<\/p>\n
\u201c\u00d6n\u00fcm\u00fczdeki y\u0131l borsadan \u00e7\u0131kacak para e\u011fer yat\u0131r\u0131mc\u0131lar sat\u0131n alma yapmayacaksa alt\u0131n, dolar, euro gibi yerlere gidebilir. Ama bu kadar bilinmez varken 2023\u2019te \u015fu yat\u0131r\u0131m arac\u0131 pop\u00fcler olur demek iddial\u0131 olur. Yat\u0131r\u0131mc\u0131lar\u0131n gelecek y\u0131l da borsadan ayn\u0131 getiriyi beklemeden risk i\u015ftah\u0131n\u0131 biraz daha azaltmalar\u0131 gerekiyor\u201d<\/p>\n
RESESYON D\u00d6NEMLER\u0130NDE DE\u011eERL\u0130 METAL VURGUSU<\/b><\/p>\n
ALB Yat\u0131r\u0131m Menkul De\u011ferler Alt\u0131n ve Para Piyasalar\u0131 Uzman\u0131 \u015eirin Sar\u0131 da Borsa \u0130stanbul\u2019un dolar baz\u0131ndaki performans\u0131n\u0131n da y\u00fczde 100 ile bu y\u0131l\u0131n \u00f6ne \u00e7\u0131kan yat\u0131r\u0131m arac\u0131 oldu\u011funu dile getirdi.<\/p>\n
Sar\u0131, k\u00fcresel jeopolitik riskler ile alt\u0131n fiyatlar\u0131nda yukar\u0131 y\u00f6nl\u00fc ivmelenme sonras\u0131 Fed\u2019in faiz art\u0131r\u0131mlar\u0131n\u0131n devreye girmesiyle 2022 y\u0131l\u0131nda dolar\u0131n di\u011fer enstr\u00fcmanlar\u0131 bask\u0131lad\u0131\u011f\u0131n\u0131 aktard\u0131.<\/p>\n
2023 i\u00e7in beklentilerinde resesyon endi\u015feleri ile de\u011ferli metallerden alt\u0131n, g\u00fcm\u00fc\u015f, platin ve paladyumu \u00f6n plana \u00e7\u0131karan Sar\u0131, \u015fu ifadeleri kulland\u0131;<\/p>\n
\u201cGelecek y\u0131l yat\u0131r\u0131mc\u0131lar\u0131n beklentisi daha g\u00fcvercin bir Fed ve faiz art\u0131r\u0131mlar\u0131n\u0131n y\u00fczde 5,23\u2019te durarak, dolar endeksinin bir seviyede dengelenmesi. Ama Fed \u015fahin duru\u015funu de\u011fi\u015ftirmiyor.<\/p>\n
Bu y\u00fczden piyasalarda resesyon beklentisi kuvvetlendi. 2023\u2019te emtia fiyatlar\u0131n\u0131 konu\u015faca\u011f\u0131z. Eski resesyon d\u00f6nemlerini inceledi\u011fimizde d\u00f6rt de\u011ferli metalin de\u011fer kazand\u0131\u011f\u0131n\u0131 g\u00f6zlemliyoruz\u201d<\/p>\n
\u2018YEN\u0130 YIL NEGAT\u0130F BA\u015eLAYIP OLUMLU B\u0130TEB\u0130L\u0130R\u2019<\/b><\/p>\n
2022\u2019nin merkez bankalar\u0131n\u0131n faiz art\u0131r\u0131mlar\u0131 dolay\u0131s\u0131yla b\u00fct\u00fcn varl\u0131k fiyatlar\u0131 i\u00e7in zorlu bir y\u0131l oldu\u011funu ifade eden Vadeli \u0130\u015flem ve Emtia Piyasalar\u0131 Uzman\u0131 Zafer Ergezen de 2023\u2019\u00fcn k\u00fcresel borsalar ve varl\u0131k fiyatlar\u0131 a\u00e7\u0131s\u0131ndan daha iyi bir y\u0131l olaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcnde.<\/p>\n
Fed\u2019in faiz art\u0131r\u0131mlar\u0131nda yava\u015flamaya i\u015faret etmesi ve enflasyonda da gerileme ile a\u015fa\u011f\u0131 y\u00f6nl\u00fc pozisyon alan yat\u0131r\u0131mc\u0131lar\u0131n pozisyonlar\u0131n\u0131 kapatmas\u0131 dolay\u0131s\u0131yla ons alt\u0131n fiyatlar\u0131nda h\u0131zl\u0131 bir toparlanma g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc vurgulayan Ergezen, de\u011ferlendirmelerini \u015f\u00f6yle s\u00fcrd\u00fcrd\u00fc;<\/p>\n
\u201c2023 i\u00e7in yeni planlar yap\u0131l\u0131yor. Faiz art\u0131\u015f h\u0131z\u0131 yava\u015fl\u0131yor ve dolar endeksindeki geri \u00e7ekilme ile varl\u0131k fiyatlar\u0131 \u00fczerindeki bask\u0131 azal\u0131yor. Ama faizler y\u00fcksek kalacak ve resesyon neredeyse ka\u00e7\u0131n\u0131lmaz. O y\u00fczden hem borsada hem de di\u011fer enstr\u00fcmanlarda se\u00e7ici olunmas\u0131 gereken bir d\u00f6nem.<\/p>\n
Piyasalarda a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskler azalsa da, yatay fiyatlaman\u0131n devam edece\u011fini d\u00fc\u015f\u00fcn\u00fcyorum. K\u00fcresel borsalar e\u011fer resesyon beklenenden daha \u015fiddetli ger\u00e7ekle\u015firse a\u015fa\u011f\u0131 y\u00f6nl\u00fc yeni bir dip yapabilir.<\/p>\n
Ama 2023\u2019\u00fcn \u00f6zellikle ikinci yar\u0131s\u0131 \u00e7ok pozitif ge\u00e7ecek. Yeni y\u0131la negatif ba\u015flay\u0131p y\u0131l sonuna do\u011fru pozitif tarafta kapatabiliriz\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
2022 y\u0131l\u0131nda yat\u0131r\u0131m ara\u00e7lar\u0131n\u0131n performans\u0131n\u0131 hangi geli\u015fmeler etkiledi? 2023 y\u0131l\u0131nda reel getiri sa\u011flayacak enstr\u00fcmanlar neler? \u0130\u015fte piyasa uzmanlar\u0131n\u0131n yeni y\u0131l beklentileri..<\/p>\n","protected":false},"author":1,"featured_media":67007,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[319,213,4337,731,944],"class_list":["post-67006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-319","tag-altin","tag-borsa","tag-faiz","tag-yatirim"],"_links":{"self":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/67006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67006"}],"version-history":[{"count":1,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/67006\/revisions"}],"predecessor-version":[{"id":67008,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/67006\/revisions\/67008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/media\/67007"}],"wp:attachment":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}