{"id":252677,"date":"2026-08-05T12:59:02","date_gmt":"2026-08-05T16:59:02","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=252677"},"modified":"2026-08-06T04:33:44","modified_gmt":"2026-08-06T08:33:44","slug":"taking-a-well-deserved-breather","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/","title":{"rendered":"Taking a Well-Deserved Breather"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Even the most robust market rallies take pauses now and again.&nbsp; We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.&nbsp; Since then, major US indices have meandered at roughly unchanged levels.&nbsp; It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pre-market ramps are quite evident in the charts below.&nbsp; Futures steadily improved throughout the morning, only to fizzle once the bell rang.&nbsp; We had steady pre-market rallies over each of the past three days, but Monday\u2019s and Tuesday\u2019s moves were merely preludes to stunning, relatively uninterrupted advances during the regular sessions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>1-Day Chart: September ES (1-minute bars) and NQ (blue line) Futures<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"981\" height=\"536\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-42.png\" alt=\"\" class=\"wp-image-252682 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-42.png 981w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-42-700x382.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-42-300x164.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-42-768x420.png 768w\" data-sizes=\"(max-width: 981px) 100vw, 981px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 981px; aspect-ratio: 981\/536;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Interactive Brokers<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>3-Day Chart: September ES (5-minute bars) and NQ (blue line) Futures<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"986\" height=\"540\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-41.png\" alt=\"\" class=\"wp-image-252681 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-41.png 986w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-41-700x383.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-41-300x164.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-41-768x421.png 768w\" data-sizes=\"(max-width: 986px) 100vw, 986px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 986px; aspect-ratio: 986\/540;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Interactive Brokers<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While a reason for a pause is not strictly necessary \u2013 sometimes we simply see buyers refraining from chasing shares that had rapidly appreciated \u2013 we didn\u2019t get much help either from geopolitics or high-profile earnings this morning.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Significant declines in oil futures provided a key tailwind for stocks recently.&nbsp; Most notably, yesterday\u2019s big pre-market rally occurred after Treasury Secretary Bessent said, \u201cThere is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict\u201d <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/bessent-says-there-may-be-deal-tuesday-or-wednesday-to-open-strait-of-hormuz-with-freedom-of-movement\/ar-AA29nfN1?ocid=BingNewsVerp\">during a CNBC interview<\/a>.&nbsp; No deal was announced yesterday, and we\u2019re still awaiting one today.&nbsp; There\u2019s no reason to believe that one won\u2019t be announced (except for the repeated promises that have failed to materialize over the past few months), but steady oil futures and bond yields reflect markets that are watching and waiting, not pricing in any additional hopes for tankers moving through the Strait of Hormuz.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019re getting the now-usual array of large percentage changes after companies reported earnings.&nbsp; One of the key winners is causing the Canadian market to outperform the US.&nbsp; Shopify (SHOP) is the third-largest component of the S&amp;P TSX 60 (TSE60), and its 15% rally is helping that index rally by more than 1%.&nbsp; It is also a popular name with US investors, but not as popular as two notable stocks that are trading lower this morning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many eyes were focused firmly on SpaceX (SPCX).&nbsp; This stock has been among the most active since its recent IPO, and this was its first report as a public company.&nbsp; Some commentators are making note of SPCX\u2019s 8% drop today, but it only erases yesterday\u2019s enthusiastic ramp.&nbsp; Bulls and bears can each glean information that bolsters their theses \u2013 revenues and EPS beat expectations, but so did spending \u2013 and there are valid concerns about tomorrow&#8217;s expiration of the lockup on roughly $100 billion worth of shares, but today\u2019s drop is more of a reversion than an outright display of disappointment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>SPCX, 3-Days, 5-minute bars<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"941\" height=\"533\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-43.png\" alt=\"\" class=\"wp-image-252683 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-43.png 941w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-43-700x396.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-43-300x170.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-43-768x435.png 768w\" data-sizes=\"(max-width: 941px) 100vw, 941px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 941px; aspect-ratio: 941\/533;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Interactive Brokers<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advanced Micro Devices\u2019 (AMD) 6% loss, however, echoes an all-too-familiar theme.&nbsp; The company\u2019s sales, profits, and guidance all beat published estimates, but not by enough of a margin to satisfy investors.&nbsp; Revenues rose by 50% to $11.5 billion, above the $11.3 billion estimate, and the pro-forma EPS of $1.66 exceeded the $1.62 consensus.&nbsp; They also offered revenue guidance for next quarter of $13 billion, +\/- $300 million.&nbsp; That was greater than the published consensus of $12.5 billion, but below the most optimistic projections.&nbsp; Really good is apparently not good enough when awesome is priced into the shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the week progresses, we\u2019ll hopefully learn of a development that will allow tankers to traverse the Strait, and we\u2019ll certainly learn about the state of the labor market when the July employment report is released on Friday.&nbsp; Investors will also be paying close attention to Sandisk (SNDK) earnings after today\u2019s close.&nbsp; That stock\u2019s stunning rally and sharp pullback are a fascinating prelude to a report that could further shift the market\u2019s mood.&nbsp; Or not. The mood remains sanguine, even if we\u2019re sideways today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.\u00a0 Since then, major US indices have meandered at roughly unchanged levels.\u00a0 It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.<\/p>\n","protected":false},"author":4,"featured_media":252686,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17,14700,6,8,9,26,3],"tags":[14545,1544,2397,3876,2067,683,1383,1081,4231,910,22020,8133,5332,4109,16328,21248,4919,4232],"contributors-categories":[13576],"class_list":["post-252677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-futures","category-ibkr-market-insights","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-ai-stocks","tag-amd","tag-earnings-season","tag-geopolitics","tag-jobs-report","tag-labor-market","tag-market-sentiment","tag-nasdaq-100","tag-oil-prices","tag-sp-500","tag-sandisk","tag-shopify","tag-spacex","tag-stock-market","tag-stock-market-rally","tag-strait-of-hormuz","tag-tech-stocks","tag-treasury-yields","contributors-categories-interactive-brokers"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Taking a Well-Deserved Breather | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the...\" \/>\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\/252677\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taking a Well-Deserved Breather | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.\u00a0 Since then, major US indices have meandered at roughly unchanged levels.\u00a0 It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-05T16:59:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-06T08:33:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\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\\\/taking-a-well-deserved-breather\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/\"\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\": \"Taking a Well-Deserved Breather\",\n\t            \"datePublished\": \"2026-08-05T16:59:02+00:00\",\n\t            \"dateModified\": \"2026-08-06T08:33:44+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/\"\n\t            },\n\t            \"wordCount\": 704,\n\t            \"commentCount\": 0,\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\\\/taking-a-well-deserved-breather\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/08\\\/pause-break-featured-img.jpg\",\n\t            \"keywords\": [\n\t                \"AI Stocks\",\n\t                \"AMD\",\n\t                \"earnings season\",\n\t                \"geopolitics\",\n\t                \"jobs report\",\n\t                \"labor market\",\n\t                \"market sentiment\",\n\t                \"Nasdaq 100\",\n\t                \"oil prices\",\n\t                \"S&amp;P 500\",\n\t                \"Sandisk\",\n\t                \"Shopify\",\n\t                \"SpaceX\",\n\t                \"stock market\",\n\t                \"stock market rally\",\n\t                \"strait of hormuz\",\n\t                \"tech stocks\",\n\t                \"treasury yields\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Futures\",\n\t                \"IBKR Insights\",\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            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/\",\n\t            \"name\": \"Taking a Well-Deserved Breather | 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\\\/taking-a-well-deserved-breather\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/taking-a-well-deserved-breather\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/08\\\/pause-break-featured-img.jpg\",\n\t            \"datePublished\": \"2026-08-05T16:59:02+00:00\",\n\t            \"dateModified\": \"2026-08-06T08:33:44+00:00\",\n\t            \"description\": \"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.\u00a0 Since then, major US indices have meandered at roughly unchanged levels.\u00a0 It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.\",\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\\\/taking-a-well-deserved-breather\\\/\"\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\\\/taking-a-well-deserved-breather\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/08\\\/pause-break-featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/08\\\/pause-break-featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 667\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":"Taking a Well-Deserved Breather | Traders' Insight","description":"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the...","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\/252677\/","og_locale":"en_US","og_type":"article","og_title":"Taking a Well-Deserved Breather | IBKR Campus US","og_description":"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.\u00a0 Since then, major US indices have meandered at roughly unchanged levels.\u00a0 It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/","og_site_name":"IBKR Campus US","article_published_time":"2026-08-05T16:59:02+00:00","article_modified_time":"2026-08-06T08:33:44+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.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\/taking-a-well-deserved-breather\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Taking a Well-Deserved Breather","datePublished":"2026-08-05T16:59:02+00:00","dateModified":"2026-08-06T08:33:44+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/"},"wordCount":704,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.jpg","keywords":["AI Stocks","AMD","earnings season","geopolitics","jobs report","labor market","market sentiment","Nasdaq 100","oil prices","S&amp;P 500","Sandisk","Shopify","SpaceX","stock market","stock market rally","strait of hormuz","tech stocks","treasury yields"],"articleSection":["Futures","IBKR Insights","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/","name":"Taking a Well-Deserved Breather | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.jpg","datePublished":"2026-08-05T16:59:02+00:00","dateModified":"2026-08-06T08:33:44+00:00","description":"Even the most robust market rallies take pauses now and again.\u00a0 We got off to the now all-too-common \u201cgentlemen, start your engines\u201d move in the pre-market, but that failed to get sufficient follow-through after the opening burst.\u00a0 Since then, major US indices have meandered at roughly unchanged levels.\u00a0 It\u2019s hardly a rout, but after a stretch that featured four straight 1% up moves in the Nasdaq 100 (NDX), today\u2019s activity seems like an anticlimax.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/taking-a-well-deserved-breather\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/pause-break-featured-img.jpg","width":1000,"height":667},{"@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\/2026\/08\/pause-break-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/252677","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=252677"}],"version-history":[{"count":3,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/252677\/revisions"}],"predecessor-version":[{"id":252693,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/252677\/revisions\/252693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/252686"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=252677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=252677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=252677"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=252677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}