US Bank's Shocking Warning for Istanbul Stock Exchange! What Happens Next?

Istanbul's Borsa İstanbul (BIST) 100 index is walking a tightrope here in February 2026, and Wall Street giant Bank of America (BofA) is making some interesting moves that have everyone watching closely. The BIST 100 is trying to find its footing around the 13,500-point mark, but BofA's actions suggest they see some turbulence ahead.

US Bank's Shocking Warning for Istanbul Stock Exch...

What's interesting is that BofA appears to be rotating *out* of sectors like aviation and banking, and instead piling into more defensive stocks and retail. This isn't just a hunch; it's based on their own analysis of the market. I've seen this kind of shift before when investors get a little nervous about the overall economic outlook.

According to BofA’s report, 13,200 is the crucial support level for the BIST 100. If it falls below that and stays there, things could get ugly. Analysts are warning that persistent selling pressure below that point could really mess up the index’s technical picture, potentially triggering a much bigger correction. On the other hand, breaking above 14,000 is seen as a major hurdle – both psychologically and technically. They don't see a new record-breaking rally happening unless the index can consistently close above 14,000 on a weekly basis. The current 13,500-point level? They're calling it a "decision zone." Pretty dramatic, right?

Despite the market seeing a net outflow of 1.3 billion TL, BofA is still buying specific stocks, hinting at a search for safer investments. They're particularly keen on names like BİM (BIMAS) and Aselsan (ASELS), suggesting that foreign investors still have faith in those more defensive sectors. These are often seen as reliable bets when the overall market is shaky. People still need groceries (that's BİM), and in this geopolitical climate, defense companies like Aselsan are generally considered a solid play.

The flip side? They're selling off big in Turkish Airlines (THYAO) and Pegasus (PGSUS), with sales exceeding 850 million TL. This looks like simple profit-taking after a good run for the aviation sector. And speaking of pulling back, about 450 million TL has flowed *out* of leading banking stocks like Akbank and Garanti BBVA. This outflow is a significant contributor to the pressure we're seeing on the overall market. Of course, it's just one piece of the puzzle, but a pretty important one.

*THIS NEWS REPORT DOES NOT CONSTITUTE INVESTMENT ADVICE.