Garanti BBVA Yat\u0131r\u0131m\u2019\u0131n haz\u0131rlad\u0131\u011f\u0131 2026 Finansal Piyasalar ve Strateji Raporu\u2019na g\u00f6re k\u00fcresel piyasalarda geni\u015f tabanl\u0131 ralliler yerini tematik ve bilan\u00e7o g\u00fcc\u00fc y\u00fcksek \u015firketlerin ayr\u0131\u015ft\u0131\u011f\u0131 bir d\u00f6neme b\u0131rak\u0131yor.<\/p>\n
T\u00fcrkiye taraf\u0131nda ise dezenflasyon s\u00fcreci ve reel faiz avantaj\u0131 TL varl\u0131klar\u0131 destekliyor.\u00a0\u00a0<\/p>\n
K\u00fcresel ekonomide de\u011fi\u015fen dengeler, yapay zek\u00e2 temal\u0131 yat\u0131r\u0131mlar\u0131n sorgulanma s\u00fcreci, merkez bankalar\u0131n\u0131n politika y\u00f6nelimleri ve T\u00fcrkiye\u2019de devam eden dezenflasyon s\u00fcreci, Garanti BBVA Yat\u0131r\u0131m Ara\u015ft\u0131rma ve Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 ekibinin haz\u0131rlad\u0131\u011f\u0131\u00a0raporun temel konular\u0131n\u0131 olu\u015fturuyor. Uluslararas\u0131 Piyasalar, T\u00fcrkiye Ekonomisi, TL Varl\u0131klar ve BIST Stratejisi konular\u0131, 4 ana ba\u015fl\u0131k \u015feklinde raporda yer al\u0131yor.\u00a0<\/p>\n
Garanti BBVA Yat\u0131r\u0131m Genel M\u00fcd\u00fcr\u00fc H\u00fclya T\u00fcrkmen,\u00a0Strateji Raporu\u00a0ile ilgili \u015fu a\u00e7\u0131klamay\u0131 yapt\u0131:\u00a0<\/p>\n
Garanti BBVA Yat\u0131r\u0131m olarak Strateji Raporumuzu, uzun y\u0131llard\u0131r yat\u0131r\u0131mc\u0131lar\u0131m\u0131za de\u011fi\u015fen k\u00fcresel ve yerel dinamikleri b\u00fct\u00fcnc\u00fcl bir bak\u0131\u015f a\u00e7\u0131s\u0131yla sunmak amac\u0131yla her y\u0131l ba\u015f\u0131nda haz\u0131rl\u0131yoruz. Makroekonomik g\u00f6r\u00fcn\u00fcmden sekt\u00f6r analizlerine, k\u00fcresel temalardan T\u00fcrkiye\u2019ye \u00f6zg\u00fc f\u0131rsat alanlar\u0131na kadar geni\u015f bir perspektifte \u00e7al\u0131\u015f\u0131yor; g\u00fc\u00e7l\u00fc ara\u015ft\u0131rma altyap\u0131m\u0131z sayesinde m\u00fc\u015fterilerimizin yat\u0131r\u0131m kararlar\u0131n\u0131 veriye dayal\u0131 ve disiplinli bir zeminde \u015fekillendirmelerine katk\u0131 sa\u011fl\u0131yoruz.<\/p>\n
K\u00dcRESEL P\u0130YASALAR: BEKLENT\u0130LER MERCEK ALTINDA<\/strong><\/p>\n 2026 Strateji Raporu\u2019nda, 2025\u2019te fiyatlanan yapay zek\u00e2 temal\u0131 b\u00fcy\u00fcme hik\u00e2yesinin 2026\u2019da k\u00e2rl\u0131l\u0131k ve nakit ak\u0131\u015f\u0131 \u00fczerinden daha yak\u0131ndan test edilece\u011fi vurgulan\u0131yor. G\u00fc\u00e7l\u00fc bilan\u00e7o yap\u0131s\u0131na sahip, yat\u0131r\u0131m geri d\u00f6n\u00fc\u015f\u00fc netle\u015fmi\u015f \u015firketlerin ayr\u0131\u015fabilece\u011fi belirtiliyor. Garanti BBVA Yat\u0131r\u0131m yat\u0131r\u0131mc\u0131lar\u0131na hem ABD hem de Avrupa i\u00e7in \u00f6ng\u00f6rd\u00fc\u011f\u00fc yat\u0131r\u0131m temalar\u0131n\u0131 2 ayr\u0131 model portf\u00f6yde sunuyor: ABD model portf\u00f6y\u00fcnde teknoloji, enerji, sa\u011fl\u0131k ve sanayi sekt\u00f6rleri dengeli bir da\u011f\u0131l\u0131mla \u00f6ne \u00e7\u0131karken; Avrupa taraf\u0131nda teknoloji ve sanayi \u015firketleri a\u011f\u0131rl\u0131k kazan\u0131yor.<\/p>\n MERKEZ BANKALARI VE YEN\u0130 T\u0130CARET D\u00dcZEN\u0130<\/strong><\/p>\n Y\u00fcksek bor\u00e7 stoklar\u0131 ve tahvil faizleri, merkez bankalar\u0131n\u0131 enflasyon ile finansal istikrar aras\u0131nda zor bir dengeye itiyor. Jeopolitik geli\u015fmeler ve ticaret anla\u015fmalar\u0131ndaki de\u011fi\u015fimler ise k\u00fcresel ticaret mimarisini yeniden \u015fekillendiriyor.<\/p>\n Rapora g\u00f6re 2026\u2019da para politikas\u0131 ad\u0131mlar\u0131 ve yeni ticaret dengeleri piyasa fiyatlamalar\u0131nda belirleyici olacak.<\/p>\n DEZENFLASYON S\u00dcREC\u0130 VE REEL FA\u0130Z AVANTAJI<\/strong><\/p>\n T\u00fcrkiye taraf\u0131nda ise s\u0131k\u0131 para politikas\u0131n\u0131n makro dengelerde iyile\u015fme sa\u011flad\u0131\u011f\u0131, enflasyonda kademeli d\u00fc\u015f\u00fc\u015f s\u00fcrecinin devam etti\u011fi belirtiliyor. Y\u0131l sonunda enflasyonun y\u00fczde 25 seviyesine gerilemesi, politika faizinin ise kademeli d\u00fc\u015f\u00fc\u015fle %32 seviyesine inmesi bekleniyor. Kurdaki stabilitenin de etkisiyle TL taraf\u0131nda reel faiz getirisinin cazibesini koruyaca\u011f\u0131, yat\u0131r\u0131mc\u0131lar\u0131n portf\u00f6y da\u011f\u0131l\u0131mlar\u0131nda TL varl\u0131klar\u0131n artabilece\u011fi dile getiriliyor.<\/p>\n BIST VE SEKT\u00d6REL TERC\u0130HLER<\/strong><\/p>\n Garanti BBVA Yat\u0131r\u0131m, 2026 hisse stratejisini faiz indirim s\u00fcreci, i\u00e7 talepte dengelenme ve TL\u2019nin reel de\u011fer kazan\u0131m\u0131n\u0131n yava\u015flayarak s\u00fcrmesi temalar\u0131 \u00fczerine kuruyor. Bankac\u0131l\u0131k, GYO, havac\u0131l\u0131k ve perakende sekt\u00f6rleri \u00f6ne \u00e7\u0131kan alanlar aras\u0131nda yer al\u0131yor.<\/p>\n Garanti BBVA Yat\u0131r\u0131m Ara\u015ft\u0131rma ve Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 ekibi,\u00a0derinlikli analiz altyap\u0131s\u0131 ve makrodan mikroya b\u00fct\u00fcnc\u00fcl yakla\u015f\u0131m\u0131 sayesinde yat\u0131r\u0131mc\u0131lar\u0131na de\u011fi\u015fen piyasa ko\u015fullar\u0131nda uygun \u00fcr\u00fcn ve varl\u0131k da\u011f\u0131l\u0131m\u0131 \u00f6nerileri sunmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n 2025 y\u0131l\u0131nda model portf\u00f6y performans\u0131n\u0131n y\u00fczde 27,5 getiriyle BIST endeksinin 11,3 puan \u00fczerinde \u00a0ger\u00e7ekle\u015fmi\u015f olmas\u0131, disiplinli ve dinamik analiz yakla\u015f\u0131m\u0131n\u0131n somut sonu\u00e7lar\u0131ndan biri olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n Garanti BBVA Yat\u0131r\u0131m\u2019\u0131n haz\u0131rlad\u0131\u011f\u0131 2026 Finansal Piyasalar ve Strateji Raporu\u2019na g\u00f6re k\u00fcresel piyasalarda geni\u015f tabanl\u0131 ralliler yerini tematik ve bilan\u00e7o g\u00fcc\u00fc y\u00fcksek \u015firketlerin ayr\u0131\u015ft\u0131\u011f\u0131 bir d\u00f6neme b\u0131rak\u0131yor. T\u00fcrkiye taraf\u0131nda ise dezenflasyon …<\/p>\n","protected":false},"author":1,"featured_media":86330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[824,8797,799,2036,216],"class_list":["post-86329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-faiz","tag-garanti-bbva-yatirim","tag-piyasa","tag-sureci","tag-yatirim"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/86329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=86329"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/86329\/revisions"}],"predecessor-version":[{"id":86331,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/86329\/revisions\/86331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/86330"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=86329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=86329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=86329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}