{"id":149267,"date":"2022-07-21T12:19:00","date_gmt":"2022-07-21T16:19:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=149267"},"modified":"2024-01-26T12:30:27","modified_gmt":"2024-01-26T17:30:27","slug":"socially-acceptable-volatility-strikes-again","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/socially-acceptable-volatility-strikes-again\/","title":{"rendered":"Socially Acceptable Volatility Strikes Again"},"content":{"rendered":"\n

Those of you who are faithful readers \u2013 and innumerable thanks for that! \u2013 know that while I\u2019m quite liberal with my use of citations and web links, I rarely repurpose content from other sources.  Today I will make an exception.  Though to be fair, I\u2019m repurposing content that I helped create.<\/p>\n\n\n\n

I was pleasantly surprised when I first checked my email today and noticed this:  \u201cWhy One Strategist Calls This Market Rally ‘Socially Acceptable Volatility’<\/a>\u201d.  The source was the Yahoo Finance Morning Brief, which offers daily market commentary from one of their journalists, and to which I\u2019m a subscriber (it\u2019s free, btw).  I was fortunate to join their team in studio yesterday for the first time in years, and while I was well aware that a clip of my appearance was available on their platform<\/a>, seeing it as their featured story today was quite a treat.<\/p>\n\n\n\n

The term \u201csocially acceptable volatility\u201d should be a familiar one to many of you.  We first wrote about it (coincidentally) exactly one year ago today<\/a>, then revisited the topic again in February both in print<\/a> and in a podcast with my friend Steve Sears<\/a>.[i]  The concept is rather simple \u2013 investors are biased toward rising markets.  If you\u2019ve invested in stocks, by definition you want and expect them to rise.  And over time they do rise.  But not always.  We tend to worry about market volatility when we decline by a significant amount but take a similar rise in relative stride.  They\u2019re supposed<\/em> to go up, right?<\/p>\n\n\n\n

It is important to remember that volatility is a mathematical concept<\/a>, measuring up and down moves alike.  Yet when it comes to market psychology, we know that they are vastly different.  Traders clamor for protection from volatility when markets decline, yet shun protection when they rise.  Investors want to be exposed to the upward moves.  That is why VIX acts as the market\u2019s \u201cfear gauge\u201d even though it is not explicitly constructed as such<\/a>.<\/p>\n\n\n\n

I urge you to watch the linked video<\/a>, especially if you\u2019re one of those who complain that I have largely abandoned videos in favor of the written format for this site.[ii]  Bottom line, I remain skeptical that we have truly seen the end of this bear market<\/a>.   I believe that at a minimum, we need to see the Fed and other major central banks signal that they have ceased their restrictive monetary measures<\/a> before we can make a lasting move higher.  The ECB raised rates today, the Fed is expected to do so next week, and quantitative tightening is yet to kick in in full force<\/a>.  Until we see a change in these tactics you\u2019re fighting the Fed<\/a>, which is a tactic that rarely succeeds in the long term.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

[i] Steve Sears actually came up with the term, which I adopted with his permission and encouragement.  I promised to footnote him whenever possible \u2013 here\u2019s an actual footnote.<\/p>\n\n\n\n

[ii] If you\u2019re wondering why, there are a few reasons.  First, while they are easier for me to tape, they are much more onerous on the website manager, editors and compliance staff upon whom I rely.  Second, now that I have had to edit our podcast transcripts, I realize that I am a vast repository of verbal tics and false starts.  The written format allows me to edit those out.  Third, it is much easier to reference a point I have previously made in a written than a video piece. <\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always. <\/p>\n","protected":false},"author":4,"featured_media":68513,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14700,18,6,8,9,26,3],"tags":[860],"contributors-categories":[13576],"class_list":{"0":"post-149267","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-market-insights","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-volatility","15":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nSocially Acceptable Volatility Strikes Again<\/title>\n<meta name=\"description\" content=\"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/149267\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Socially Acceptable Volatility Strikes Again | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-21T16:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T17:30:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Sosnick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Sosnick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Steve Sosnick\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t },\n\t \"headline\": \"Socially Acceptable Volatility Strikes Again\",\n\t \"datePublished\": \"2022-07-21T16:19:00+00:00\",\n\t \"dateModified\": \"2024-01-26T17:30:27+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/\"\n\t },\n\t \"wordCount\": 618,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/12\\\/shutterstock_1328925254-e1689694947344.jpg\",\n\t \"keywords\": [\n\t \"volatility\"\n\t ],\n\t \"articleSection\": [\n\t \"IBKR Insights\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/\",\n\t \"name\": \"Socially Acceptable Volatility Strikes Again | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/12\\\/shutterstock_1328925254-e1689694947344.jpg\",\n\t \"datePublished\": \"2022-07-21T16:19:00+00:00\",\n\t \"dateModified\": \"2024-01-26T17:30:27+00:00\",\n\t \"description\": \"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/socially-acceptable-volatility-strikes-again\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/12\\\/shutterstock_1328925254-e1689694947344.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2020\\\/12\\\/shutterstock_1328925254-e1689694947344.jpg\",\n\t \"width\": 900,\n\t \"height\": 506\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\",\n\t \"name\": \"Steve Sosnick\",\n\t \"description\": \"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.\",\n\t \"sameAs\": [\n\t \"https:\\\/\\\/ibkr.com\"\n\t ],\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steve-sosnick\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Socially Acceptable Volatility Strikes Again","description":"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/149267\/","og_locale":"en_US","og_type":"article","og_title":"Socially Acceptable Volatility Strikes Again | IBKR Campus US","og_description":"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/","og_site_name":"IBKR Campus US","article_published_time":"2022-07-21T16:19:00+00:00","article_modified_time":"2024-01-26T17:30:27+00:00","og_image":[{"width":900,"height":506,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","type":"image\/jpeg"}],"author":"Steve Sosnick","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steve Sosnick","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Socially Acceptable Volatility Strikes Again","datePublished":"2022-07-21T16:19:00+00:00","dateModified":"2024-01-26T17:30:27+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/"},"wordCount":618,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","keywords":["volatility"],"articleSection":["IBKR Insights","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/","name":"Socially Acceptable Volatility Strikes Again | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","datePublished":"2022-07-21T16:19:00+00:00","dateModified":"2024-01-26T17:30:27+00:00","description":"If you\u2019ve invested in stocks, by definition you want and expect them to rise. And over time they do rise. But not always.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/socially-acceptable-volatility-strikes-again\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","width":900,"height":506},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549","name":"Steve Sosnick","description":"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.","sameAs":["https:\/\/ibkr.com"],"url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steve-sosnick\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2020\/12\/shutterstock_1328925254-e1689694947344.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/149267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=149267"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/149267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/68513"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=149267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=149267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=149267"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=149267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}