{"id":154600,"date":"2022-08-25T12:36:00","date_gmt":"2022-08-25T16:36:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=154600"},"modified":"2023-02-10T13:30:42","modified_gmt":"2023-02-10T18:30:42","slug":"can-goldilocks-in-a-suit-keep-the-bears-away","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/can-goldilocks-in-a-suit-keep-the-bears-away\/","title":{"rendered":"Can “Goldilocks in a Suit\u201d Keep the Bears Away?"},"content":{"rendered":"\n

For those who may have been off mountain climbing in the Grand Tetons, the long-awaited Jackson Hole[i] Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today.  Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle.  This year, however, it is consequential not only because of timing, but also because markets are craving a crucial dose of clarity from the Federal Reserve \u2013 particularly from its Chair, Jerome Powell.<\/p>\n\n\n\n

The conference is meant to be an economic confab.  The official them of this year\u2019s gathering is \u201cReassessing Constraints on the Economy and Policy<\/a>,\u201d and while I have no doubt that there will be a wealth of worthy research on that on that important economic topic, the KC Fed\u2019s press release<\/a> knows not to bury the lead: \u201cOn Friday, Aug. 26 at 9 a.m. CT, Federal Reserve Chairman Jerome Powell\u2019s remarks will be streamed on the Kansas City Fed\u2019s YouTube channel, youtube.com\/kansascityfed<\/a>.\u201d  The media assemblage is not in Wyoming to hear a series of economic presentations.  If that were the case, there must be scores of other conferences for them to cover.  No, they are here hoping for a small dose of monetary clarity from the Fed Chair.<\/p>\n\n\n\n

I have often referred<\/a> to Chair Powell as \u201cGoldilocks in a Suit<\/a>.\u201d  The Goldilocks reference may be even more apt when he is a delivering a key speech in an area known to have a significant bear population.  While the local tourism website warns<\/a> about the massive, furry kind, many more are hunched around computers worldwide, wondering if the Chairman\u2019s speech will allow them to pounce or send them back into hibernation.<\/p>\n\n\n\n

The problem with predictively analyzing any of Powell\u2019s public addresses is that either he has a way of saying things that people want to hear, or that listeners have a knack of hearing what they want, no matter what he says.  During the last post-FOMC press conference, bullish investors seized upon Powell\u2019s assertion that monetary policy was currently at a neutral level of monetary policy<\/a>.  Never mind that his answer to the same question continued with an acknowledgement that further tightening was required, nor did it matter at first that a steady parade of Fed talking heads pushed back on that notion almost immediately.  We questioned whether it was selective hearing on the market\u2019s part, or a clever game of \u201cgood cop, bad cop<\/a>\u201d by the Fed.<\/p>\n\n\n\n

Thus, I look at the range of probable outcomes for tomorrow to be structured this way:<\/p>\n\n\n\n

\"fed<\/figure>\n\n\n\n

If the parade of economists interviewed in the media are any indication, Chair Powell should come out forcefully with a discussion about further rate hikes and quantitative tightening.  Markets seem to be pricing in a cessation of rate hikes and a potential cut down the road.  From whom did they get idea, pray tell?  It is also entirely possible that he gives a sobering speech but with enough thin reeds for the hopeful to cling to.  We saw that just a month ago, which is why my simplistic hunches for what people want to hear is consistently more optimistic than what is actually said.<\/p>\n\n\n\n

Before this morning\u2019s bounce I was ready to assert that a dour response was already priced into both the stock and bond markets.  Now I am less certain about the former.  If traders interpret the speech as conciliatory we can see another Friday when traders feast<\/a> on at-money and just out-of-the-money expiring calls in SPY.  If they interpret the speech in a negative manner, the 100-day moving average for SPX at 4,057 could come into play. <\/p>\n\n\n\n

Grab some popcorn, or maybe a pot of honey, and listen closely to tomorrow\u2019s speech. <\/p>\n\n\n\n

—<\/p>\n\n\n\n

[i] A quick aside \u2013 why are these hugely important economic conferences held at ritzy ski resorts (Davos, Jackson Hole)?  For example, I can\u2019t imagine that the facilities used by Berkshire Hathaway are booked solid.  Omaha is also in the KC Fed\u2019s district.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle. <\/p>\n","protected":false},"author":4,"featured_media":102404,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,14700,18,6,19,8,9,26,3],"tags":[77,446,10238,3286,62,207],"contributors-categories":[13576],"class_list":{"0":"post-154600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fixed-income","8":"category-ibkr-market-insights","9":"category-macro","10":"category-north-america","11":"category-options","12":"category-region","13":"category-securities","14":"category-text-articles","15":"category-traders-insight","16":"tag-fed","17":"tag-federal-reserve","18":"tag-goldilocks","19":"tag-quantitative-tightening","20":"tag-rates","21":"tag-spx","22":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nCan “Goldilocks in a Suit\u201d Keep the Bears Away?<\/title>\n<meta name=\"description\" content=\"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer,...\" \/>\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\/154600\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can "Goldilocks in a Suit\u201d Keep the Bears Away? | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T16:36:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T18:30:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\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=\"4 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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/\"\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\": \"Can “Goldilocks in a Suit\u201d Keep the Bears Away?\",\n\t \"datePublished\": \"2022-08-25T16:36:00+00:00\",\n\t \"dateModified\": \"2023-02-10T18:30:42+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/\"\n\t },\n\t \"wordCount\": 706,\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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/09\\\/bear-market.jpg\",\n\t \"keywords\": [\n\t \"Fed\",\n\t \"Federal Reserve\",\n\t \"goldilocks\",\n\t \"quantitative tightening\",\n\t \"rates\",\n\t \"SPX\"\n\t ],\n\t \"articleSection\": [\n\t \"Fixed Income\",\n\t \"IBKR Insights\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Options\",\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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/\",\n\t \"name\": \"Can \\\"Goldilocks in a Suit\u201d Keep the Bears Away? | 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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/09\\\/bear-market.jpg\",\n\t \"datePublished\": \"2022-08-25T16:36:00+00:00\",\n\t \"dateModified\": \"2023-02-10T18:30:42+00:00\",\n\t \"description\": \"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle.\",\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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/\"\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\\\/can-goldilocks-in-a-suit-keep-the-bears-away\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/09\\\/bear-market.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/09\\\/bear-market.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"A Very Prominent Fully Invested Bear Didn\u2019t Growl\"\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 several 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":"Can “Goldilocks in a Suit\u201d Keep the Bears Away?","description":"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer,...","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\/154600\/","og_locale":"en_US","og_type":"article","og_title":"Can \"Goldilocks in a Suit\u201d Keep the Bears Away? | IBKR Campus US","og_description":"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/","og_site_name":"IBKR Campus US","article_published_time":"2022-08-25T16:36:00+00:00","article_modified_time":"2023-02-10T18:30:42+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg","type":"image\/jpeg"}],"author":"Steve Sosnick","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steve Sosnick","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Can “Goldilocks in a Suit\u201d Keep the Bears Away?","datePublished":"2022-08-25T16:36:00+00:00","dateModified":"2023-02-10T18:30:42+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/"},"wordCount":706,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg","keywords":["Fed","Federal Reserve","goldilocks","quantitative tightening","rates","SPX"],"articleSection":["Fixed Income","IBKR Insights","Macro","North America","Options","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/","name":"Can \"Goldilocks in a Suit\u201d Keep the Bears Away? | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg","datePublished":"2022-08-25T16:36:00+00:00","dateModified":"2023-02-10T18:30:42+00:00","description":"The long-awaited Jackson Hole Economic Symposium, sponsored by the Federal Reserve Bank of Kansas City, kicks off today. Coming near the end of summer, it usually becomes a focus for investors during a slow news cycle.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/can-goldilocks-in-a-suit-keep-the-bears-away\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/09\/bear-market.jpg","width":1000,"height":563,"caption":"A Very Prominent Fully Invested Bear Didn\u2019t Growl"},{"@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 several 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\/2021\/09\/bear-market.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/154600","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=154600"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/154600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/102404"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=154600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=154600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=154600"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=154600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}