{"id":253796,"date":"2026-08-17T13:12:38","date_gmt":"2026-08-17T17:12:38","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=253796"},"modified":"2026-08-17T13:31:02","modified_gmt":"2026-08-17T17:31:02","slug":"opinion-industrial-production-no-at-1-extremely-undervalued-since-consensus-is-1-and-prior-print-was-1-1","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/prediction-market\/opinion-industrial-production-no-at-1-extremely-undervalued-since-consensus-is-1-and-prior-print-was-1-1\/","title":{"rendered":"Opinion: Industrial Production \u201cNo\u201d at 1% Extremely Undervalued Since Consensus is 1% And Prior Print Was 1.1%: Aug. 17, 2026"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Tomorrow\u2019s industrial production print is expected to reflect 0.3% month-over-month (m\/m) and 1% year-over-year (y\/y) increases but the Interactive Brokers Prediction Markets \u201cNo\u201d contract with a 1% y\/y threshold is priced at only $0.04. This contract is extremely undervalued in my opinion because it would pay $1.00 on a result in-line with expectations, or in other words, on a number less than or equal to 1% y\/y. Furthermore, this indicator was a close 1.1% in June and carries an elevated deviation rate, because it\u2019s difficult to predict on a relative basis. Emblematic of the potential for large swings is the monthly Reuters poll of 45 forecasters with estimates ranging from as low as -0.1% m\/m to as high at 0.6% m\/m. Against this backdrop, the \u201cNos\u201d at 1.5% and 2% are additionally attractive at $0.77 and $0.86 in my view.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"416\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-1100x416.png\" alt=\"\" class=\"wp-image-253798 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-1100x416.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-700x265.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-300x113.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-768x290.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136-1536x580.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-136.png 2043w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/416;\" \/><\/figure>\n\n\n\n<h3 id=\"h-us-gasoline-yes-at-4-05-undervalued\" class=\"wp-block-heading\"><strong>US Gasoline \u201cYes\u201d at $4.05 Undervalued<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">I like the \u201cYes\u201d contract with a $4.05 threshold for this week\u2019s retail US gasoline prices as it\u2019ll require just a 1.2% week-on-week increase from $4.006 to deliver $1.00 to investors. The $0.35 cost for this contract is cheap, in my view, as pricing of futures for energy reflect a sharper climb of about 6 cents to $4.066 in this indicator. Over and under in the Interactive Brokers Prediction Market, meanwhile, the \u201cYeses\u201d at $4 and $4.10 are going for $0.95 and $0.03.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"416\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-1100x416.png\" alt=\"\" class=\"wp-image-253799 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-1100x416.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-700x265.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-300x113.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-768x291.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138-1536x581.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-138.png 2046w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/416;\" \/><\/figure>\n\n\n\n<h3 id=\"h-yeses-at-1-35-million-1-2-million-cheap-on-permits-starts\" class=\"wp-block-heading\"><strong>\u201cYeses\u201d at 1.35 Million, 1.2 Million Cheap On Permits, Starts<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tomorrow\u2019s new residential construction report will offer results on building permits and housing starts. Against this backdrop, I believe there are two potentially undervalued opportunities in the Interactive Brokers Prediction Markets tied to these releases. The \u201cYeses\u201d at 1.35 million and 1.2 million seasonally adjusted annualized units are cheap at $0.69 and $0.78 in my view because they\u2019ve only been breached once in the last 5 and a half years. Additionally, the economist consensus estimates are well above those levels, at 1.37 million and 1.35 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"411\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-1100x411.png\" alt=\"\" class=\"wp-image-253800 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-1100x411.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-700x261.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-300x112.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-768x287.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-1536x574.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-137-2048x765.png 2048w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/411;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"413\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-1100x413.png\" alt=\"\" class=\"wp-image-253801 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-1100x413.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-700x263.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-300x113.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-768x288.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-1536x577.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/08\/image-139-2048x769.png 2048w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/413;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source for images: Interactive Brokers Prediction Markets.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Note: Prices are highest bids as of the morning of <a>August 17, 2026.<\/a><\/em>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<\/em><a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>here<\/strong><\/em><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tomorrow\u2019s industrial production print is expected to reflect 0.3% month-over-month (m\/m) and 1% year-over-year (y\/y) increases but the Interactive Brokers Prediction Markets \u201cNo\u201d contract with a 1% y\/y threshold is priced at only $0.04. <\/p>\n","protected":false},"author":903,"featured_media":181781,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[18929,18,6,8,9,26,3],"tags":[720],"contributors-categories":[13760],"class_list":["post-253796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-prediction-market","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-industrial-production","contributors-categories-ibkr-macroeconomics"],"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>Opinion: Industrial Production \u201cNo\u201d 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(y\/y) increases but the Interactive Brokers Prediction Markets \u201cNo\u201d contract with a 1% y\/y threshold is priced at only $0.04.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/prediction-market\/opinion-industrial-production-no-at-1-extremely-undervalued-since-consensus-is-1-and-prior-print-was-1-1\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-17T17:12:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-17T17:31:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/07\/EU-Industrial-Production.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=\"Jose Torres\" 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