{"id":205516,"date":"2025-06-06T17:07:13","date_gmt":"2025-06-06T17:07:13","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/goldilocks-jobs-outweighing-ego-battle\/"},"modified":"2025-07-08T20:12:04","modified_gmt":"2025-07-08T20:12:04","slug":"goldilocks-jobs-outweighing-ego-battle","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/","title":{"rendered":"Goldilocks Jobs Outweighing Ego Battle"},"content":{"rendered":"\n

Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.  With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.  Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.<\/p>\n\n\n\n

The headline Nonfarms Payrolls report, showing a gain of 139,000, beat the consensus estimate of 126k (it was 130k before Wednesday\u2019s ADP report), and the Unemployment Rate remained steady at 4.2%, matching estimates.  Both stocks and bond yields zoomed after the data was released.  But some inconvenient facts lurked behind those rosy statistics.<\/p>\n\n\n\n

For starters, April\u2019s data was revised lower by 30k, and March\u2019s was apparently lowered by an additional 65k, making a two-month net revision of 95k.  You don\u2019t need to be a mathematician to realize that a -95k revision is far larger than a 13k beat.  The Labor Force Participation Rate dipped to 62.4% from 62.6%, which helps bolster the Unemployment Rate, since that only counts people actively in the labor force.  Also, Average Hourly Earnings rose by 0.4%, above last month\u2019s 0.2% and the 0.3% consensus. <\/p>\n\n\n\n

It\u2019s tempting to think of today\u2019s release as a \u201cGoldilocks\u201d jobs report, not too hot, not too cold.  That said, I\u2019d reverse the order of the temperatures.  The three-month rise in payrolls was not too cold, the rise in labor costs was not too hot, and the unemployment rate was just right. <\/p>\n\n\n\n

Taken as a whole, this gives no reason for the Federal Reserve to move anytime soon.  The labor economy is showing us that while it is not in robust health at the moment, it does not require immediate intervention \u2013 not with a 4.2% unemployment rate and rising wages.  We\u2019ve long contended that stock traders should prefer a solid economy over on weak enough to require rate cuts.  This is playing out in markets this morning.  Earlier this week, Fed Funds futures were pricing in a full rate cut by the September FOMC meeting.  According to CME FedWatch<\/a>, that probability is now down to 54%.  The IBKR ForecastTrader agrees<\/a>, with a 54% probability that rates will not be above 4.125% by then. <\/p>\n\n\n\n

That said, the President doesn\u2019t agree.  He stated that he would like to see the Fed cut rates by 1%.  It\u2019s hard to imagine Chair Powell will acquiesce to that suggestion, especially since he must realize that he is almost certain not to be reappointed after his term ends no matter what. <\/p>\n\n\n\n

But for most investors, they\u2019d much rather see the President focused on the economy rather than an unproductive fight with his biggest financial supporter during his campaign.  The repercussions of that tit-for-tat spat moved far beyond the confines of Tesla (TSLA) stock.  That stock understandably fell -14%, but it put a damper on a wide range of speculative assets.  For example, Coreweave (CRWV), which had been on a huge tear, fell -17%. Bitcoin, of which TSLA is a substantial holder, flirted with the $100,000 level overnight.  Futures had already begun to recover in the pre-market once it became clear that cooler heads were prevailing \u2013 at least for now.  .  It\u2019s good that markets can focus on the economy rather than a highly entertaining but thoroughly unproductive spat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.\u00a0 Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.<\/p>\n","protected":false},"author":4,"featured_media":205517,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[145,146,147,8,12,148,7],"tags":[363,786,3070,974,2193],"contributors-categories":[149],"class_list":{"0":"post-205516","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":"tag-federal-reserve","15":"tag-jobs-report","16":"tag-market-reaction","17":"tag-unemployment","18":"tag-wage-growth","19":"contributors-categories-interactive-brokers"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nGoldilocks Jobs Outweighing Ego Battle | Traders' Insight<\/title>\n<meta name=\"description\" content=\"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With 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\/205516\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldilocks Jobs Outweighing Ego Battle\" \/>\n<meta property=\"og:description\" content=\"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.\u00a0 Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-06T17:07:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-08T20:12:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-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:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/\"\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\": \"Goldilocks Jobs Outweighing Ego Battle\",\n\t \"datePublished\": \"2025-06-06T17:07:13+00:00\",\n\t \"dateModified\": \"2025-07-08T20:12:04+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/\"\n\t },\n\t \"wordCount\": 590,\n\t \"commentCount\": 0,\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/06\\\/jobs-unemployment-rate-featured-img.jpg\",\n\t \"keywords\": [\n\t \"Federal Reserve\",\n\t \"jobs report\",\n\t \"market reaction\",\n\t \"unemployment\",\n\t \"Wage growth\"\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:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/\",\n\t \"name\": \"Goldilocks Jobs Outweighing Ego Battle - IBKR Campus EU\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/06\\\/jobs-unemployment-rate-featured-img.jpg\",\n\t \"datePublished\": \"2025-06-06T17:07:13+00:00\",\n\t \"dateModified\": \"2025-07-08T20:12:04+00:00\",\n\t \"author\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t },\n\t \"description\": \"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.\u00a0 Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.\",\n\t \"breadcrumb\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#breadcrumb\"\n\t },\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/06\\\/jobs-unemployment-rate-featured-img.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2025\\\/06\\\/jobs-unemployment-rate-featured-img.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"jobs-unemployment-rate-featured-img\"\n\t },\n\t {\n\t \"@type\": \"BreadcrumbList\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/goldilocks-jobs-outweighing-ego-battle\\\/#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\": \"Goldilocks Jobs Outweighing Ego Battle\"\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":"Goldilocks Jobs Outweighing Ego Battle | Traders' Insight","description":"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With 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\/205516\/","og_locale":"en_US","og_type":"article","og_title":"Goldilocks Jobs Outweighing Ego Battle","og_description":"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.\u00a0 Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/","og_site_name":"IBKR Campus EU","article_published_time":"2025-06-06T17:07:13+00:00","article_modified_time":"2025-07-08T20:12:04+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-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:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Goldilocks Jobs Outweighing Ego Battle","datePublished":"2025-06-06T17:07:13+00:00","dateModified":"2025-07-08T20:12:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/"},"wordCount":590,"commentCount":0,"image":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-featured-img.jpg","keywords":["Federal Reserve","jobs report","market reaction","unemployment","Wage growth"],"articleSection":["IBKR Insights","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/","url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/","name":"Goldilocks Jobs Outweighing Ego Battle - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-featured-img.jpg","datePublished":"2025-06-06T17:07:13+00:00","dateModified":"2025-07-08T20:12:04+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"description":"Yesterday afternoon\u2019s fireworks were quite engrossing, but they proved to be only an entertaining sideshow ahead of today\u2019s main event.\u00a0 With the verbal fisticuffs between Elon Musk and President Trump fading into the background, the May jobs report took center stage this morning.\u00a0 Although the numbers put a damper on the bond market, stock and currency traders found enough to like in today\u2019s report.","breadcrumb":{"@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2025\/06\/jobs-unemployment-rate-featured-img.jpg","width":1000,"height":563,"caption":"jobs-unemployment-rate-featured-img"},{"@type":"BreadcrumbList","@id":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/goldilocks-jobs-outweighing-ego-battle\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"Goldilocks Jobs Outweighing Ego Battle"}]},{"@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\/06\/jobs-unemployment-rate-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/205516","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=205516"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/205516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/205517"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=205516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=205516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=205516"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=205516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}