{"id":196299,"date":"2023-09-15T08:11:14","date_gmt":"2023-09-15T12:11:14","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196299"},"modified":"2024-01-24T12:12:29","modified_gmt":"2024-01-24T17:12:29","slug":"chart-advisor-market-aint-worried-bout-it","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/","title":{"rendered":"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It"},"content":{"rendered":"\n

By Gordon Scott, CMT<\/a><\/p>\n\n\n\n

1\/ PPI Confirms<\/strong><\/p>\n\n\n\n

2\/ Inverted Yield Curve<\/strong><\/p>\n\n\n\n

3\/ Financial Sector Gains<\/strong><\/p>\n\n\n\n

4\/ Buffett Surging\u2026Again<\/strong><\/p>\n\n\n\n

Investopedia is partnering with CMT Association on this newsletter.  The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n

1\/ PPI Confirms<\/strong><\/h2>\n\n\n\n

Nowadays when an event makes the news, people\u2019s reaction to it on social media data is nearly as interesting as the event itself. Technical analysts have understood this principle for decades. The data from a newsmaking report is at best half the story. <\/p>\n\n\n\n

The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI)<\/a> and Producer Price Index (PPI)<\/a> reports released this week. It\u2019s one thing to see the CPI detailing incrementally higher inflation than expected and for it to be confirmed by the PPI Report this morning, but the real surprise is the reaction in market prices. Market participants decided now is a good time to be a buyer even with the prospect of more rate hikes by the Federal Open Market Committee (FOMC)<\/a> starting next week. <\/p>\n\n\n\n

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

Perhaps the reaction is explained by the coincidental result found in the Unemployment Claims<\/a> report. This came in lower than expected along with Retail Sales<\/a> which came in higher than forecast. These signals that the economy may be strengthening coincident with inflation seem to indicate that higher prices are not having the dampening effect on the economy that most people expect.<\/p>\n\n\n\n

2\/ Muted Market Reaction<\/strong><\/h2>\n\n\n\n

The market appears to be shrugging off the signs of rebounding inflation. The problem here is that the historical consequence to these kinds of conditions that exist right now is very often that a recession<\/a> follows. The current conditions, where the FOMC has to forcefully hike rates faster than the market wants to, are what creates something called an inverted yield curve<\/a>. <\/p>\n\n\n\n

This refers to the idea that short-term borrowing rates are higher than longer-term ones. This is easily tracked by subtracting yield on the 2-year U.S. Treasury Note<\/a> from the yield on the 10-year note<\/a> (see chart below). <\/p>\n\n\n\n

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

This weekly chart depicts yield curve inversions going back to 1989. All three previous inversions have preceded significant recessionary periods. The current inversion has been much deeper and more prolonged than the other three, and many analysts have expressed concern that this may be a signal of unavoidably difficult times ahead.<\/p>\n\n\n\n

However the 1989 inversion, the most severe of the three, led to the shortest and least severe recessionary period of the three, so the forecast of a lengthy and long-lasting recession may not be valid, especially considering the extraordinary pandemic-driven circumstances leading up to this instance of an inverted yield curve.<\/p>\n\n\n\n

3\/ Financial Sector Gains<\/strong><\/h2>\n\n\n\n

Technical analysts familiar with sector analysis<\/a> know the rotation of market favor from one sector to another often accompanies significant market events. The combination of inflation reports, FOMC meetings and the end of the third quarter, could easily bring about a shift in investor behavior. <\/p>\n\n\n\n


Specifically, some sectors might begin to show relative strength<\/a> where before they had shown weakness. The financial sector may be undergoing such a shift right now. The chart below depicts a one-hour increment of price action between the S&P 500 Index (SPX<\/a>) and State Street\u2019s SPDR Finance Sector ETF (XLF<\/a>).<\/p>\n\n\n\n

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

The key feature of this chart is how XLF showed relatively poorer performance than SPX up until recently. The price action in the past week, including the anticipation and report of the inflation numbers, clearly shows XLF begin to flip from underperformance to outperformance. <\/p>\n\n\n\n

That means investors are signaling the fact that they think the financial sector should benefit from continued and persistently higher interest rates.<\/p>\n\n\n\n

4\/ Buffett Surging\u2026Again<\/h2>\n\n\n\n

Two stocks within the finance sector seem to have caught the attention of investors recently. Warren Buffett\u2019s Berkshire Hathaway (BRK.B<\/a>) and Mastercard (MA<\/a>) have both surged ahead of XLF (see chart below).<\/p>\n\n\n\n

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

The performance among financial stocks is unevenly distributed. Not all are able to outperform the averages. Citigroup (C<\/a>) is lagging behind quite noticeably, while Goldman Sachs (GS<\/a>), Morgan Stanley (MS<\/a>) and J.P. Morgan Chase (JPM<\/a>) holds closer to XLF. <\/p>\n\n\n\n


The principle of momentum<\/a> suggests that stocks which start out strong in a trend, are the most likely to continue showing relative strength as the trend progresses. Relatively weaker stocks are more likely to similarly underperform in the weeks and months following a trend shift.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally posted 15th September 2023<\/p>\n","protected":false},"excerpt":{"rendered":"

The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI) and Producer Price Index (PPI) reports released this week. <\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14,15,18,6,9,22,23,26,3],"tags":[608,217,314,399,898,600,207,2006],"contributors-categories":[13686],"class_list":{"0":"post-196299","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-etfs","7":"category-fixed-income","8":"category-macro","9":"category-north-america","10":"category-securities","11":"category-stocks","12":"category-technical-analysis","13":"category-text-articles","14":"category-traders-insight","15":"tag-brk-b","16":"tag-cpi","17":"tag-fomc","18":"tag-jpm","19":"tag-ma","20":"tag-ppi","21":"tag-spx","22":"tag-xlf","23":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nChart Advisor: Market Ain\u2019t Worried \u2018Bout It<\/title>\n<meta name=\"description\" content=\"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case...\" \/>\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\/196299\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI) and Producer Price Index (PPI) reports released this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-15T12:11:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T17:12:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 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:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Contributor Author\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t },\n\t \"headline\": \"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It\",\n\t \"datePublished\": \"2023-09-15T12:11:14+00:00\",\n\t \"dateModified\": \"2024-01-24T17:12:29+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/\"\n\t },\n\t \"wordCount\": 834,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/1-18.png\",\n\t \"keywords\": [\n\t \"BKR-B\",\n\t \"CPI\",\n\t \"FOMC\",\n\t \"JPM\",\n\t \"MA\",\n\t \"PPI\",\n\t \"SPX\",\n\t \"XLF\"\n\t ],\n\t \"articleSection\": [\n\t \"ETFs\",\n\t \"Fixed Income\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Securities\",\n\t \"Stocks\",\n\t \"Technical Analysis\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/\",\n\t \"name\": \"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/1-18.png\",\n\t \"datePublished\": \"2023-09-15T12:11:14+00:00\",\n\t \"dateModified\": \"2024-01-24T17:12:29+00:00\",\n\t \"description\": \"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI) and Producer Price Index (PPI) reports released this week.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-market-aint-worried-bout-it\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/1-18.png\",\n\t \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/1-18.png\"\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\\\/e823e46b42ca381080387e794318a485\",\n\t \"name\": \"Contributor Author\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It","description":"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case...","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\/196299\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It | IBKR Campus US","og_description":"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI) and Producer Price Index (PPI) reports released this week.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/","og_site_name":"IBKR Campus US","article_published_time":"2023-09-15T12:11:14+00:00","article_modified_time":"2024-01-24T17:12:29+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png","type":"","width":"","height":""}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It","datePublished":"2023-09-15T12:11:14+00:00","dateModified":"2024-01-24T17:12:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/"},"wordCount":834,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png","keywords":["BKR-B","CPI","FOMC","JPM","MA","PPI","SPX","XLF"],"articleSection":["ETFs","Fixed Income","Macro","North America","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/","name":"Chart Advisor: Market Ain\u2019t Worried \u2018Bout It | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png","datePublished":"2023-09-15T12:11:14+00:00","dateModified":"2024-01-24T17:12:29+00:00","description":"The market\u2019s reaction to the data is often more interesting to technical analysts than the data that inspired the reaction. That is surely the case with the Consumer Price Index (CPI) and Producer Price Index (PPI) reports released this week.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-market-aint-worried-bout-it\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/1-18.png"},{"@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\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196299","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\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=196299"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196299\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=196299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=196299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=196299"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=196299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}