{"id":211446,"date":"2026-02-09T13:00:46","date_gmt":"2026-02-09T18:00:46","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/the-bounce-continues-after-a-jurassic-park-high\/"},"modified":"2026-02-11T12:39:12","modified_gmt":"2026-02-11T12:39:12","slug":"the-bounce-continues-after-a-jurassic-park-high","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/","title":{"rendered":"The Bounce Continues After a Jurassic Park High"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Friday\u2019s bounce was quite astounding.&nbsp; After a roughly 3% trading range last week, the S&amp;P 500 (SPX) closed only a mere 7 points lower.&nbsp; The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000.&nbsp; To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Longtime readers should be familiar with my general disdain for the media\u2019s continual focus on INDU as a meaningful market statistic.&nbsp; Frankly, it is archaic.&nbsp; There were no established ways to measure the broad market\u2019s performance in <a href=\"https:\/\/en.wikipedia.org\/wiki\/Dow_Jones_Industrial_Average\">1884 when Charles Dow created<\/a> an average comprising mostly railroad stocks \u2013 that era\u2019s technological revolution.&nbsp; In 1886 he refined it to become the 12-stock Dow Jones Transportation Average, and ten years later, created the 12-stock Dow Jones Industrial Average.&nbsp; In 1916, the average was <a href=\"https:\/\/en.wikipedia.org\/wiki\/Historical_components_of_the_Dow_Jones_Industrial_Average\">expanded to 20 companies<\/a>, and another <a href=\"https:\/\/en.wikipedia.org\/wiki\/Historical_components_of_the_Dow_Jones_Industrial_Average\">10 stocks were added<\/a> in October 1928 (just a year before the Crash).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAverage\u201d is the key word to focus upon in the prior paragraph.&nbsp; It was clearly a logical way to construct a market statistic when none had previously existed, and a convenient way to maintain one when calculations were done with a pencil and paper.&nbsp; Unfortunately, this creates an undesirable outcome: an arithmetic average gives the highest weight to components with the highest price.&nbsp; The highest priced shares may or may not properly represent the actual importance of the components.&nbsp; As INDU is currently comprised, Goldman Sachs (GS), with a $940 stock price, has more than twice the weight of Microsoft (MSFT) with its $412 price.&nbsp; This is despite MSFT having more than 10X GS\u2019 market capitalization.&nbsp; Sherwin-Williams\u2019 (SHW) $359 stock price gives it only a more modest weight in INDU than MSFT, which is 35X larger.&nbsp; Price-weighted market measures are essentially randomly-weighted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/S%26P_500\">In 1926, Poor\u2019s Publishing<\/a> created a 233-stock index that utilized market capitalizations and was calculated weekly.&nbsp; By 1957, Poor\u2019s had merged with the Standard Statistics Company, and the Standard &amp; Poor\u2019s Index was expanded to its now-familiar 500 shares.&nbsp; A market capitalization-weighted index offers much more relevance. By definition, there is much more invested in a stock with a high market cap; it thus deserves more weight in market measures.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors agree.&nbsp; Immensely more investment dollars are indexed to SPX than INDU.&nbsp; The largest ETF tracking SPX has a market capitalization of about $873 billion, and there are at least two more with market caps over $700 billion.&nbsp; In contrast, the flagship ETF that tracks INDU has a mere $45 billion.&nbsp; That imbalance is echoed, if not dwarfed, by the amount of money indexed via pension funds and other passive investments.&nbsp; Money talks, loudly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is indeed a benefit to following INDU in the current market environment, though.&nbsp; We are seeing a rotation from growth stocks into value stocks, led by money coming out of technology stocks \u2013 notably software companies in recent days.&nbsp; Hence, we saw the aforementioned underperformance of NDX versus SPX last week.&nbsp; INDU, on the other hand, has <s>blundered into<\/s> a much lower weighting of technology than SPX, let alone NDX.&nbsp; That is clearly a benefit to the many who check the level of INDU and the few who index to it.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A convenient way to measure the relative performance of the growth and value sectors is via SGX and SVX, the S&amp;P 500 Growth and Value Indices, respectively.&nbsp; On a 5-year basis, SGX has greatly outperformed SVX, but on a 1-year basis, their performances are quite similar thanks to a recent, rotation-driven convergence.&nbsp; The new milestone in INDU is a testament to steady progress and a relative revaluation of key market sectors.&nbsp; Unfortunately, the information content of that average is minimal.&nbsp; It\u2019s a living fossil.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-years-normalized-svx-white-blue-daily-candles-sgx-blue-line\"><strong><em>5-Years Normalized, SVX (white\/blue daily candles), SGX (blue line)<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"955\" height=\"573\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-42.png\" alt=\"5-Years Normalized, SVX (white\/blue daily candles), SGX (blue line)\" class=\"wp-image-211450 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-42.png 955w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-42-700x420.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-42-300x180.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-42-768x461.png 768w\" data-sizes=\"(max-width: 955px) 100vw, 955px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 955px; aspect-ratio: 955\/573;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg, past performance is not indicative of future returns.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-year-normalized-svx-white-blue-daily-candles-sgx-blue-line\"><strong><em>1-Year Normalized, SVX (white\/blue daily candles), SGX (blue line)<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"955\" height=\"571\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-40.png\" alt=\"1-Year Normalized, SVX (white\/blue daily candles), SGX (blue line)\" class=\"wp-image-211448 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-40.png 955w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-40-700x419.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-40-300x179.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-40-768x459.png 768w\" data-sizes=\"(max-width: 955px) 100vw, 955px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 955px; aspect-ratio: 955\/571;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg, past performance is not indicative of future returns.<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-year-normalized-indu-white-blue-daily-candles-spx-blue-line-ndx-red-line\"><strong><em>1-Year Normalized, INDU (white\/blue daily candles), SPX (blue line), NDX (red line)<\/em><\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"955\" height=\"418\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/02\/image-41.png\" alt=\"1-Year Normalized, INDU (white\/blue daily candles), SPX (blue line), NDX (red line)\" class=\"wp-image-211449 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-41.png 955w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-41-700x306.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-41-300x131.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/image-41-768x336.png 768w\" data-sizes=\"(max-width: 955px) 100vw, 955px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 955px; aspect-ratio: 955\/418;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Bloomberg, past performance is not indicative of future returns.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friday\u2019s bounce was quite astounding.  After a roughly 3% trading range last week, the S&amp;P 500 (SPX) closed only a mere 7 points lower.  The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000.  To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026<\/p>\n","protected":false},"author":4,"featured_media":211447,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[145,147,8,12,153,148],"tags":[],"contributors-categories":[149],"class_list":["post-211446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-market-insights","category-north-america","category-region","category-securities","category-stocks","category-text-articles","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 v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Bounce Continues After a Jurassic Park High<\/title>\n<meta name=\"description\" content=\"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&amp;P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100...\" \/>\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\/211446\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bounce Continues After a Jurassic Park High\" \/>\n<meta property=\"og:description\" content=\"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&amp;P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000. To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-09T18:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-11T12:39:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-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=\"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\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/\"\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\": \"The Bounce Continues After a Jurassic Park High\",\n\t            \"datePublished\": \"2026-02-09T18:00:46+00:00\",\n\t            \"dateModified\": \"2026-02-11T12:39:12+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/\"\n\t            },\n\t            \"wordCount\": 737,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/02\\\/dinosaur-stock-featured-img.jpg\",\n\t            \"articleSection\": [\n\t                \"IBKR Insights\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\"\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\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/\",\n\t            \"name\": \"The Bounce Continues After a Jurassic Park High - 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\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/02\\\/dinosaur-stock-featured-img.jpg\",\n\t            \"datePublished\": \"2026-02-09T18:00:46+00:00\",\n\t            \"dateModified\": \"2026-02-11T12:39:12+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"description\": \"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000. To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#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\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/\"\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\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/02\\\/dinosaur-stock-featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/02\\\/dinosaur-stock-featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/the-bounce-continues-after-a-jurassic-park-high\\\/#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\": \"The Bounce Continues After a Jurassic Park High\"\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":"The Bounce Continues After a Jurassic Park High","description":"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100...","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\/211446\/","og_locale":"en_US","og_type":"article","og_title":"The Bounce Continues After a Jurassic Park High","og_description":"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000. To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/","og_site_name":"IBKR Campus EU","article_published_time":"2026-02-09T18:00:46+00:00","article_modified_time":"2026-02-11T12:39:12+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-featured-img.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":"Article","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"The Bounce Continues After a Jurassic Park High","datePublished":"2026-02-09T18:00:46+00:00","dateModified":"2026-02-11T12:39:12+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/"},"wordCount":737,"commentCount":0,"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-featured-img.jpg","articleSection":["IBKR Insights","North America","Region","Securities","Stocks","Text Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/","url":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/","name":"The Bounce Continues After a Jurassic Park High - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-featured-img.jpg","datePublished":"2026-02-09T18:00:46+00:00","dateModified":"2026-02-11T12:39:12+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"description":"Friday\u2019s bounce was quite astounding. After a roughly 3% trading range last week, the S&P 500 (SPX) closed only a mere 7 points lower. The Nasdaq 100 (NDX), which had a 5.4% range, did close about 1.8% lower on the week, but the headlines were stolen by the brontosaurus of market measures when the Dow Jones Industrial Average (INDU) registered its first close above 50,000. To the best of my knowledge, despite the major milestone, no one had bothered to pass around \u201cDow 50K\u201d hats\u2026","breadcrumb":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/02\/dinosaur-stock-featured-img.jpg","width":1000,"height":563},{"@type":"BreadcrumbList","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/the-bounce-continues-after-a-jurassic-park-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"The Bounce Continues After a Jurassic Park High"}]},{"@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\/2026\/02\/dinosaur-stock-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/211446","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=211446"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/211446\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/211447"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=211446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=211446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=211446"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=211446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}