{"id":204692,"date":"2025-05-12T13:00:00","date_gmt":"2025-05-12T17:00:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/all-tariff-news-is-now-good-news\/"},"modified":"2025-05-13T09:34:56","modified_gmt":"2025-05-13T09:34:56","slug":"all-tariff-news-is-now-good-news","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/","title":{"rendered":"All Tariff News is Now Good News"},"content":{"rendered":"\n<p>Today is certainly a \u201crip up the script\u201d sort of day.&nbsp; Obviously, the market enjoys the tariff relief \u2013 a 30% levy on Chinese goods is certainly better than 145% &#8212; and we\u2019re seeing a powerful, broad-based rally as a result.&nbsp;&nbsp; That said, there\u2019s been a lack of follow through after the huge pre-opening move.&nbsp; I\u2019m curious to see whether this morning\u2019s minor pullback from the pre-market highs is simply a pause or the start of a \u201csell the news\u201d moment.&nbsp;<\/p>\n\n\n\n<p>To be sure, 30% is a huge improvement over where we stood last week.&nbsp; Remember, the market seemed ok with the 80% number that was floated on Friday ahead of the talks.&nbsp; That said, even \u201cjust\u201d 30% still quite a big bump from the tariff levels that prevailed before \u201cLiberation Day\u201d.&nbsp; Also, the current arrangement brings its own bout of 90-day anxiety.&nbsp; Just like the broad array of tariffs that have a 90-day pause until early July, this deal has its own August expiration date.&nbsp; Given the recent patterns, though, it is hard to expect that the moratoria won\u2019t be extended unless there is a major implosion in the ongoing negotiations.<\/p>\n\n\n\n<p>Taking the worst case off the table has caused rate cut expectations to fall further.&nbsp; The diminishing rate cut expectations are a \u201ctell\u201d that investors believe that the Federal Reserve is, or will be, more concerned about a weaker economy than price pressures.&nbsp; If price pressures were the concern, then we would expect to see rates fall because the Fed would have more room to cut without tariffs stoking as much inflation.&nbsp; Instead, with price pressures diminishing today, we see rate cut expectations diminishing.&nbsp; The only explanation is that the economy won\u2019t be as adversely affected by tariffs, thus we have less need for Fed action.&nbsp;<\/p>\n\n\n\n<p>At the start of this month, Fed Funds futures were implying a 62% chance for a rate cut at the next FOMC meeting on June 18<sup>th<\/sup>.\u00a0 <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">That is currently down to 8%.<\/a>\u00a0 Quite frankly, I never understood why the market might expect rate cuts before the 90-day moratorium expired, but it is hardly unprecedented to see over-enthusiastic rate cut expectations in the market.\u00a0 <\/p>\n\n\n\n<p>The risk-on tone encompasses most of the market sectors, with only two reasonable exceptions.\u00a0 At midday we see Consumer Staples and Utilities as the two sectors that are failing to participate in the rally.\u00a0 The former is slightly lower as investors move from defensive stocks to more aggressive ones, while the latter is also affected by higher interest rates.\u00a0 Gold is lower, both on the shrinking trade tensions as well as the stronger US dollar (up about 1.5 Euro cents and nearly 3 full Yen).\u00a0 <\/p>\n\n\n\n<p>Looking ahead, it is quite clear that investors have been lapping up positive tariff news.&nbsp; But with the biggest, baddest tariff seeing a huge improvement, will other positive developments move the needle quite so much?&nbsp; Much depends upon how we finish today.&nbsp; If we hold the current levels or improve upon them, then the trend will continue.&nbsp; If instead we see some profit taking creep in before the close, that could indicate that we\u2019ve reached a short-term sentiment peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today is certainly a \u201crip up the script\u201d sort of day.\u00a0 Obviously, the market enjoys the tariff relief \u2013 a 30% levy on Chinese goods is certainly better than 145% &#8212; and we\u2019re seeing a powerful, broad-based rally as a result.\u00a0\u00a0 That said, there\u2019s been a lack of follow through after the huge pre-opening move.\u00a0 I\u2019m curious to see whether this morning\u2019s minor pullback from the pre-market highs is simply a pause or the start of a \u201csell the news\u201d moment.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":204693,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[145,146,147,8,12,148,7],"tags":[],"contributors-categories":[149],"class_list":{"0":"post-204692","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-market-insights","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"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 v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>All Tariff News is Now Good News | Traders&#039; Insight<\/title>\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\/204692\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All Tariff News is Now Good News\" \/>\n<meta property=\"og:description\" content=\"Today is certainly a \u201crip up the script\u201d sort of day.\u00a0 Obviously, the market enjoys the tariff relief \u2013 a 30% levy on Chinese goods is certainly better than 145% -- and we\u2019re seeing a powerful, broad-based rally as a result.\u00a0\u00a0 That said, there\u2019s been a lack of follow through after the huge pre-opening move.\u00a0 I\u2019m curious to see whether this morning\u2019s minor pullback from the pre-market highs is simply a pause or the start of a \u201csell the news\u201d moment.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-12T17:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-13T09:34:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-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\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Steve Sosnick\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"headline\": \"All Tariff News is Now Good News\",\n\t            \"datePublished\": \"2025-05-12T17:00:00+00:00\",\n\t            \"dateModified\": \"2025-05-13T09:34:56+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/\"\n\t            },\n\t            \"wordCount\": 548,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/05\\\/global-trade-featured-img.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.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/\",\n\t            \"name\": \"All Tariff News is Now Good News - IBKR Campus EU\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/05\\\/global-trade-featured-img.jpg\",\n\t            \"datePublished\": \"2025-05-12T17:00:00+00:00\",\n\t            \"dateModified\": \"2025-05-13T09:34:56+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/05\\\/global-trade-featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/05\\\/global-trade-featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563,\n\t            \"caption\": \"global trade featured graphic\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/all-tariff-news-is-now-good-news\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"All Tariff News is Now Good News\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus EU\",\n\t            \"description\": \"\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.eu\\\/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\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/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.eu\\\/campus\\\/author\\\/steve-sosnick\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"All Tariff News is Now Good News | Traders' Insight","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\/204692\/","og_locale":"en_US","og_type":"article","og_title":"All Tariff News is Now Good News","og_description":"Today is certainly a \u201crip up the script\u201d sort of day.\u00a0 Obviously, the market enjoys the tariff relief \u2013 a 30% levy on Chinese goods is certainly better than 145% -- and we\u2019re seeing a powerful, broad-based rally as a result.\u00a0\u00a0 That said, there\u2019s been a lack of follow through after the huge pre-opening move.\u00a0 I\u2019m curious to see whether this morning\u2019s minor pullback from the pre-market highs is simply a pause or the start of a \u201csell the news\u201d moment.\u00a0","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/","og_site_name":"IBKR Campus EU","article_published_time":"2025-05-12T17:00:00+00:00","article_modified_time":"2025-05-13T09:34:56+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-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":"Article","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"All Tariff News is Now Good News","datePublished":"2025-05-12T17:00:00+00:00","dateModified":"2025-05-13T09:34:56+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/"},"wordCount":548,"commentCount":0,"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-featured-img.jpg","articleSection":["IBKR Insights","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/","url":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/","name":"All Tariff News is Now Good News - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-featured-img.jpg","datePublished":"2025-05-12T17:00:00+00:00","dateModified":"2025-05-13T09:34:56+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"breadcrumb":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-featured-img.jpg","width":1000,"height":563,"caption":"global trade featured graphic"},{"@type":"BreadcrumbList","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/securities\/macro\/all-tariff-news-is-now-good-news\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"All Tariff News is Now Good News"}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.eu\/campus\/#website","url":"https:\/\/ibkrcampus.eu\/campus\/","name":"IBKR Campus EU","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.eu\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ibkrcampus.eu\/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.eu\/campus\/author\/steve-sosnick\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/05\/global-trade-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/204692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/comments?post=204692"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/204692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/204693"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=204692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=204692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=204692"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=204692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}