{"id":253279,"date":"2026-08-11T13:08:02","date_gmt":"2026-08-11T17:08:02","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=253279"},"modified":"2026-08-11T13:27:56","modified_gmt":"2026-08-11T17:27:56","slug":"summer-doldrums-taking-hold","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/","title":{"rendered":"Summer Doldrums Taking Hold"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Yesterday\u2019s equity market was a generally dull one.&nbsp; Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.&nbsp; We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.&nbsp; The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.&nbsp; Put simply, there has been a lack of catalysts on a popular vacation week.&nbsp; Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CPI report is always among the most closely watched economic releases.&nbsp; Although the Federal Reserve has an announced preference for the Core PCE Deflator (and Chair Warsh <a href=\"https:\/\/www.cnbc.com\/2026\/04\/22\/kevin-warsh-inflation-trend-pce-trump.html\">seems to favor trimmed mean<\/a> measures), the change in the Consumer Price Index is the most relevant for many individuals \u2013 particularly those who have payments linked to that measure.&nbsp; It is often misunderstood, however, since we all tend to conflate the <strong><em>changes<\/em><\/strong> in CPI with the <strong><em>index itself<\/em><\/strong>.&nbsp; As we <a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/todays-rally-is-based-on-a-whisker\/\">explained last year<\/a>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>It is important to keep the Consumer Price Index (CPI) in perspective.&nbsp; We commonly think of CPI as measuring inflation, but it actually measures the level of prices in the economy.&nbsp; Instead, it is the change in that index over time that measures inflation.&nbsp; It is better to think of the CPI like the S&amp;P 500 (SPX).&nbsp; SPX is a measure of the level of stock prices.&nbsp; When SPX rose by 0.3% yesterday, we didn\u2019t say that stock price inflation was 0.3%, but we could have.&nbsp; It is the same idea, except that we like stock price inflation (\u201csocially acceptable inflation?\u201d).<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The economist consensus for the monthly increase in headline CPI is 0.1%, while the consensus for the monthly core increase is 0.2%.&nbsp; Both would be higher than last month\u2019s moves of -0.4% and 0.0%, respectively.&nbsp; Yes, we had modest headline <em>deflation<\/em> in June, thanks to a reduction in energy prices from recent highs, while those benefits apparently spread to other sectors of the economy affected by the core.&nbsp; Traders on IBKR Prediction Markets seem more optimistic than most economists, since there is only a 24% \u201cYes\u201d for a Core CPI increase above 0.2%.&nbsp; (If they matched the consensus, that number would be about 50% and the \u201cYes\u201d for above 0.1% would be even higher than 71%.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>1-Month, IBKR Prediction Markets for July Monthly Core CPI Increase<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"886\" height=\"519\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-106.png\" alt=\"\" class=\"wp-image-253281 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-106.png 886w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-106-700x410.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-106-300x176.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-106-768x450.png 768w\" data-sizes=\"(max-width: 886px) 100vw, 886px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 886px; aspect-ratio: 886\/519;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: <\/em><a href=\"https:\/\/www.interactivebrokers.com\/predictionmarkets\/app\/#\/853724618\/product-details\/contracts?exchange=KALSHI\"><em>Interactive Brokers<\/em><\/a><em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As for the low levels of the Cboe Volatility Index (VIX), it is important to remember that VIX is not a \u201cfear gauge,\u201d even if it seems to play one on TV.&nbsp; Instead, this is when it is important to remember that its calculation uses&nbsp;S&amp;P 500 (SPX) options to measure the market\u2019s best estimate of volatility over the coming 30 days.&nbsp; Put simply, it\u2019s hard to expect much volatility over the coming 30 days.&nbsp; The bulk of earnings season is behind us, and the only major communication from the Fed is likely to occur at the annual Jackson Hole conference in more than two weeks.&nbsp; Correlations remain relatively low, which also pressures the level of VIX, but they\u2019ve risen recently without taking VIX along with them.&nbsp; Options traders are not so much fearful as they are bored.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>3-Months, VIX (red\/green daily candles), COR1M (blue line)<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1084\" height=\"597\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-105.png\" alt=\"\" class=\"wp-image-253280 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-105.png 1084w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-105-700x386.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-105-300x165.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-105-768x423.png 768w\" data-sizes=\"(max-width: 1084px) 100vw, 1084px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1084px; aspect-ratio: 1084\/597;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: <\/em><a href=\"https:\/\/www.interactivebrokers.com\/predictionmarkets\/app\/#\/853724618\/product-details\/contracts?exchange=KALSHI\"><em>Interactive Brokers<\/em><\/a><em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.\u00a0 The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.\u00a0 Put simply, there has been a lack of catalysts on a popular vacation week.\u00a0 Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.<\/p>\n","protected":false},"author":4,"featured_media":241965,"comment_status":"open","ping_status":"closed","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":[2180,217,3221,446,22067,570,16925,850,3598,10995,600,4505,207,4109,17811,317],"contributors-categories":[13576],"class_list":["post-253279","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-market-insights","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-consumer-price-index","tag-cpi","tag-economic-data","tag-federal-reserve","tag-ibkr-prediction-markets","tag-inflation","tag-inflation-expectations","tag-interest-rates","tag-market-outlook","tag-market-volatility","tag-ppi","tag-producer-price-index","tag-spx","tag-stock-market","tag-summer-doldrums","tag-vix","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>Summer Doldrums Taking Hold | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to...\" \/>\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\/253279\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Summer Doldrums Taking Hold | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.\u00a0 The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.\u00a0 Put simply, there has been a lack of catalysts on a popular vacation week.\u00a0 Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-11T17:08:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-11T17:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.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=\"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\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/\"\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\": \"Summer Doldrums Taking Hold\",\n\t            \"datePublished\": \"2026-08-11T17:08:02+00:00\",\n\t            \"dateModified\": \"2026-08-11T17:27:56+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/\"\n\t            },\n\t            \"wordCount\": 575,\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\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/04\\\/stocks-up-down-featured-img.jpg\",\n\t            \"keywords\": [\n\t                \"CONSUMER PRICE INDEX\",\n\t                \"CPI\",\n\t                \"economic data\",\n\t                \"Federal Reserve\",\n\t                \"IBKR Prediction Markets\",\n\t                \"inflation\",\n\t                \"inflation expectations\",\n\t                \"interest rates\",\n\t                \"market outlook\",\n\t                \"market volatility\",\n\t                \"PPI\",\n\t                \"producer price index\",\n\t                \"SPX\",\n\t                \"stock market\",\n\t                \"Summer Doldrums\",\n\t                \"VIX\"\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            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/\",\n\t            \"name\": \"Summer Doldrums Taking Hold | 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\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/04\\\/stocks-up-down-featured-img.jpg\",\n\t            \"datePublished\": \"2026-08-11T17:08:02+00:00\",\n\t            \"dateModified\": \"2026-08-11T17:27:56+00:00\",\n\t            \"description\": \"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.\u00a0 The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.\u00a0 Put simply, there has been a lack of catalysts on a popular vacation week.\u00a0 Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.\",\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\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/\"\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\\\/ibkr-market-insights\\\/summer-doldrums-taking-hold\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/04\\\/stocks-up-down-featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/04\\\/stocks-up-down-featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563\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":"Summer Doldrums Taking Hold | Traders' Insight","description":"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to...","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\/253279\/","og_locale":"en_US","og_type":"article","og_title":"Summer Doldrums Taking Hold | IBKR Campus US","og_description":"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.\u00a0 The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.\u00a0 Put simply, there has been a lack of catalysts on a popular vacation week.\u00a0 Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/","og_site_name":"IBKR Campus US","article_published_time":"2026-08-11T17:08:02+00:00","article_modified_time":"2026-08-11T17:27:56+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.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\/ibkr-market-insights\/summer-doldrums-taking-hold\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Summer Doldrums Taking Hold","datePublished":"2026-08-11T17:08:02+00:00","dateModified":"2026-08-11T17:27:56+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/"},"wordCount":575,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.jpg","keywords":["CONSUMER PRICE INDEX","CPI","economic data","Federal Reserve","IBKR Prediction Markets","inflation","inflation expectations","interest rates","market outlook","market volatility","PPI","producer price index","SPX","stock market","Summer Doldrums","VIX"],"articleSection":["IBKR Insights","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/","name":"Summer Doldrums Taking Hold | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.jpg","datePublished":"2026-08-11T17:08:02+00:00","dateModified":"2026-08-11T17:27:56+00:00","description":"Yesterday\u2019s equity market was a generally dull one.\u00a0 Today\u2019s, unfortunately, is not exactly shaping up to be exciting either.\u00a0 We were able to blame yesterday\u2019s lack of activity on a paucity of catalysts to spur activity on a late-summer Monday.\u00a0 The story is similar today, except that Tuesdays lack the sense of ennui that often accompanies Mondays.\u00a0 Put simply, there has been a lack of catalysts on a popular vacation week.\u00a0 Tomorrow\u2019s CPI and Thursday\u2019s PPI reports might wake things up \u2013 including the somnolent VIX.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/summer-doldrums-taking-hold\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/stocks-up-down-featured-img.jpg","width":1000,"height":563},{"@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\/04\/stocks-up-down-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/253279","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=253279"}],"version-history":[{"count":3,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/253279\/revisions"}],"predecessor-version":[{"id":253312,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/253279\/revisions\/253312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/241965"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=253279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=253279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=253279"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=253279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}