{"id":256018,"date":"2026-09-11T13:03:12","date_gmt":"2026-09-11T17:03:12","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=256018"},"modified":"2026-09-14T06:40:10","modified_gmt":"2026-09-14T10:40:10","slug":"it-didnt-or-doesnt-matter","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/","title":{"rendered":"It Didn\u2019t, or Doesn\u2019t, Matter"},"content":{"rendered":"\n

Yesterday seemed like a relatively routine day in the stock market.  Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed.  On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.<\/p>\n\n\n\n

Certainly, market internals were hardly positive yesterday.  Declining stocks and losing sectors far outweighed advances<\/a> as rate hike expectations rose after the morning\u2019s PPI report. But the magnitude of the downward moves was ultimately modest, at least when compared to the stunning moves in key economic inputs.  After yesterday\u2019s close, I spoke to a journalism class and was interviewed by a student who asked the logical question about why stocks had such a bad day.  I replied that the bigger story might be that stocks had a relatively normal day despite the underlying reasons for a far worse one.<\/p>\n\n\n\n

That intuition proved true when I awoke to find that pre-market futures had essentially erased yesterday\u2019s declines alongside only minor improvements in bond yields and oil prices. This was the \u201cratchet effect<\/a>\u201d in action, though in a different format than what we saw a few months ago.  At that time, government officials would offer hopeful rhetoric about peace talks, and stocks would rally in response to falling yields and oil futures.  Then, as the talks led to naught, yields and crude would resume their advances, but stocks would not give back their gains. Now we saw yields and oil soar, while stocks were relatively tame yesterday; today stocks soar, even as yields and oil give back only a fraction of yesterday\u2019s jumps. <\/p>\n\n\n\n

Thus, the stock market\u2019s direction was clear even before the 8:30 ET CPI release.  Unlike yesterday\u2019s PPI, where economists needed to dig a bit below a seemingly better-than-expected core reading, today\u2019s CPI report showed an unequivocally higher core.  That rose by 0.3% in August, above last month\u2019s 0.2%, which was also economists\u2019 consensus.  Expectations for a hike at next week\u2019s FOMC meeting rose once again. Futures, as indicated by CME FedWatch<\/a>, now show an 86% probability of a hike, up from 72% yesterday, and 61% on Wednesday.  Once again, traders on IBKR Prediction Markets<\/a> are a bit more sanguine, with an 80% \u201cYes\u201d showing currently.<\/p>\n\n\n\n

Pre-market futures dipped by only a few points before traders decided that even that modest dip was another in a long series of buying opportunities.  Long yields initially dipped, indicating that traders perceived that the FOMC would embark upon its inflation fight more quickly than anticipated, though the quick 4-basis-point improvement in 10-year yields evaporated to only a single basis point by noon.  Once again, that move in bond yields was ignored by exuberant equity traders. <\/p>\n\n\n\n

An awful set of preliminary University of Michigan sentiment numbers was also duly ignored.  The headline sentiment number plunged to 47.8, above May\u2019s record low of 44.8, but well below last month\u2019s 51.7.  Meanwhile, 1-year inflation expectations rose to 4.6%, well above last month\u2019s 4.0%.  Much of that latter gain was likely the result of higher gasoline prices, but the direction and magnitude of both moves do not bode well for the consumer \u2013 at least for those on the lower portion of the \u201cK-shape.\u201d<\/p>\n\n\n\n

By the way, one rationale for this morning\u2019s rally was that solid results from Oracle (ORCL) after yesterday\u2019s close offered ratification for the copious spending on artificial intelligence.  That made a bit more sense when that stock opened 8% higher this morning, but far less so with ORCL trading lower at midday.<\/p>\n\n\n\n

Call it what you will: nihilism, willful ignorance, or a legitimate hope that inflationary pressures will benefit the long-term economic picture that underlies stock valuations.  But the underlying message that we received over the past couple of days is that equity market psychology remains quite solid, if not unshakably so.  I\u2019ll leave it to you to decide if that is proper or not.<\/p>\n\n\n\n

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

Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed. On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.<\/p>\n","protected":false},"author":4,"featured_media":110838,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14700,18,6,8,9,26,3],"tags":[],"contributors-categories":[13576],"class_list":["post-256018","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","contributors-categories-interactive-brokers"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nIt Didn\u2019t, or Doesn\u2019t, Matter | Traders' Insight<\/title>\n<meta name=\"description\" content=\"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest...\" \/>\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\/256018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It Didn\u2019t, or Doesn\u2019t, Matter | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed. On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-11T17:03:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-14T10:40:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Sosnick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Sosnick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/it-didnt-or-doesnt-matter\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/it-didnt-or-doesnt-matter\\\/\"\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\": \"It Didn\u2019t, or Doesn\u2019t, Matter\",\n\t \"datePublished\": \"2026-09-11T17:03:12+00:00\",\n\t \"dateModified\": \"2026-09-14T10:40:10+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/it-didnt-or-doesnt-matter\\\/\"\n\t },\n\t \"wordCount\": 709,\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\\\/it-didnt-or-doesnt-matter\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/meh.jpg\",\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\\\/it-didnt-or-doesnt-matter\\\/#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\\\/it-didnt-or-doesnt-matter\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/it-didnt-or-doesnt-matter\\\/\",\n\t \"name\": \"It Didn\u2019t, or Doesn\u2019t, Matter | 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\\\/it-didnt-or-doesnt-matter\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/it-didnt-or-doesnt-matter\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/meh.jpg\",\n\t \"datePublished\": \"2026-09-11T17:03:12+00:00\",\n\t \"dateModified\": \"2026-09-14T10:40:10+00:00\",\n\t \"description\": \"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed. On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.\",\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\\\/it-didnt-or-doesnt-matter\\\/\"\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\\\/it-didnt-or-doesnt-matter\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/meh.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/meh.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"Inflation Spooks Bonds, While Stocks Say \u201cMeh\u201d\"\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":"It Didn\u2019t, or Doesn\u2019t, Matter | Traders' Insight","description":"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest...","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\/256018\/","og_locale":"en_US","og_type":"article","og_title":"It Didn\u2019t, or Doesn\u2019t, Matter | IBKR Campus US","og_description":"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed. On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/","og_site_name":"IBKR Campus US","article_published_time":"2026-09-11T17:03:12+00:00","article_modified_time":"2026-09-14T10:40:10+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.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\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"It Didn\u2019t, or Doesn\u2019t, Matter","datePublished":"2026-09-11T17:03:12+00:00","dateModified":"2026-09-14T10:40:10+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/"},"wordCount":709,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.jpg","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\/it-didnt-or-doesnt-matter\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/","name":"It Didn\u2019t, or Doesn\u2019t, Matter | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.jpg","datePublished":"2026-09-11T17:03:12+00:00","dateModified":"2026-09-14T10:40:10+00:00","description":"Yesterday seemed like a relatively routine day in the stock market. Sure, stocks closed lower, but the magnitude of the decline was quite modest relative to the macroeconomic backdrop that prevailed. On a day when 10-year yields rose by 12 basis points and crude oil futures jumped by more than 6%, a downward move in SPX of 0.58% wasn\u2019t a bad result. That loss was recovered in the pre-market before a higher-than-expected CPI print had us off to the races.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-market-insights\/it-didnt-or-doesnt-matter\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/11\/meh.jpg","width":1000,"height":563,"caption":"Inflation Spooks Bonds, While Stocks Say \u201cMeh\u201d"},{"@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\/2021\/11\/meh.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/256018","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=256018"}],"version-history":[{"count":3,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/256018\/revisions"}],"predecessor-version":[{"id":256047,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/256018\/revisions\/256047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/110838"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=256018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=256018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=256018"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=256018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}