{"id":215438,"date":"2026-07-07T13:07:08","date_gmt":"2026-07-07T17:07:08","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/even-champion-high-jumpers-fail-to-clear-the-bar\/"},"modified":"2026-07-09T10:14:01","modified_gmt":"2026-07-09T10:14:01","slug":"even-champion-high-jumpers-fail-to-clear-the-bar","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/","title":{"rendered":"Even Champion High Jumpers Fail to Clear the Bar"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">As a disappointed fan of US Soccer, I must have sports on my brain this morning.&nbsp; (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\/soccer nor my usual summer baseball, but track and field instead.&nbsp; The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.&nbsp; The bar might be set too high for some stocks to clear.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Remember, in those sports the medal is awarded only after the bar is set so high that most can\u2019t jump over it.&nbsp; Sometimes even the winners fail to clear their final attempts, such as when an athlete has a medal sewn up but fails at an attempt for a new record.&nbsp; In the case of earnings reports, the company sets the bar with guidance for earnings and\/or revenues, but then investors have the ability \u2013 if not the tendency, in the case of high-flying favorites \u2013 to ratchet it even higher.&nbsp; If investor expectations outpace a company\u2019s ability to meet their \u201cwhisper numbers,\u201d even solid sets of beats and raises can lead to disappointment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I laid out this theory in media appearances yesterday (note the <a href=\"https:\/\/www.foxbusiness.com\/video\/6400376542112\">5:08 mark of this video<\/a>) and related it back to the lackluster performances of Nvidia (NVDA) and Micron Technology (MU) after their otherwise excellent reports.&nbsp; I didn\u2019t expect to see it come to fruition so quickly with Samsung Electronics (5930, KRX) last night.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Samsung fell over 9% in local trading after it said in a regulatory filing that April\u2013June operating profit was expected to reach 89.4 trillion won (~$58.4 billion), above the analysts\u2019 consensus of 87.3 trillion won.&nbsp; That, mind you, is a 19-fold (<strong>yes, 19x!) <\/strong>increase over last year.&nbsp; That also, apparently, was not enough to mollify investors, since the stock traded down by more than 9% last night.&nbsp; It dragged down other semiconductor stocks, particularly those that make memory chips like MU, Sandisk (SNDK), and Western Digital (WDC).&nbsp; It also dragged down compatriot SK Hynix (0660, KRX), which plans to list ADRs this week concurrently with a roughly $28 billion offering.&nbsp; The Hynix offering could certainly be weighing on investor appetites for semi stocks since the money to buy those new shares must come from somewhere.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the key tenets for many current investment theses is that earnings have been great and will remain so for at least the coming quarter.&nbsp; I will stipulate that last quarter\u2019s earnings were indeed excellent and that guidance for the coming quarter was also generally quite solid \u2013 particularly in the tech sector.&nbsp; I will also stipulate that there is no better reason for stocks to rally than solid bottom lines.&nbsp; We buy stocks because they are a claim on a company\u2019s future earnings and cash flows (or at least we do so in theory), and demonstrable and foreseeable increases in those factors should be reflected in higher valuations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, we can\u2019t know the full extent to which exuberant investors have added additional expectations onto those that are seemingly priced into stock prices.&nbsp; It\u2019s one thing if stock prices adjust to meet improved guidance and consensus estimates, but another thing entirely if they reflect something beyond those metrics.&nbsp; In the former case, a solid beat should lead to a solid post-earnings reaction; in the latter case it can nonetheless lead to disappointment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That should be investors\u2019 key concern ahead of earnings season.&nbsp; If good news \u2013 and then some \u2013 is already priced in, might the bar be set too high for even the best leapers to clear?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\/soccer nor my usual summer baseball, but track and field instead.\u00a0 The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.\u00a0 The bar might be set too high for some stocks to clear.<\/p>\n","protected":false},"author":4,"featured_media":215439,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[145,146,147,8,12,153,148,7],"tags":[1500,252,860,784,314,4445,380,4470,1806,383,4439,1329],"contributors-categories":[149],"class_list":["post-215438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-market-insights","category-macro","category-north-america","category-region","category-securities","category-stocks","category-text-articles","category-traders-insight","tag-ai-stocks","tag-earnings","tag-earnings-season","tag-investing","tag-market-outlook","tag-micron-technology","tag-nvidia","tag-samsung-electronics","tag-semiconductors","tag-stock-market","tag-technology-stocks","tag-wall-street","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>Even Champion High Jumpers Fail to Clear the Bar<\/title>\n<meta name=\"description\" content=\"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) 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\/215438\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Even Champion High Jumpers Fail to Clear the Bar\" \/>\n<meta property=\"og:description\" content=\"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\/soccer nor my usual summer baseball, but track and field instead.\u00a0 The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.\u00a0 The bar might be set too high for some stocks to clear.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-07T17:07:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-09T10:14:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\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\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/\"\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\": \"Even Champion High Jumpers Fail to Clear the Bar\",\n\t            \"datePublished\": \"2026-07-07T17:07:08+00:00\",\n\t            \"dateModified\": \"2026-07-09T10:14:01+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/\"\n\t            },\n\t            \"wordCount\": 625,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/07\\\/pole-jump-market-featured-scaled.jpg\",\n\t            \"keywords\": [\n\t                \"AI Stocks\",\n\t                \"earnings\",\n\t                \"earnings season\",\n\t                \"investing\",\n\t                \"market outlook\",\n\t                \"Micron Technology\",\n\t                \"Nvidia\",\n\t                \"Samsung Electronics\",\n\t                \"semiconductors\",\n\t                \"stock market\",\n\t                \"technology stocks\",\n\t                \"wall street\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"IBKR Insights\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\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\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#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\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/\",\n\t            \"name\": \"Even Champion High Jumpers Fail to Clear the Bar - 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\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/07\\\/pole-jump-market-featured-scaled.jpg\",\n\t            \"datePublished\": \"2026-07-07T17:07:08+00:00\",\n\t            \"dateModified\": \"2026-07-09T10:14:01+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"description\": \"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\\\/soccer nor my usual summer baseball, but track and field instead.\u00a0 The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.\u00a0 The bar might be set too high for some stocks to clear.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#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\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/\"\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\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/07\\\/pole-jump-market-featured-scaled.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2026\\\/07\\\/pole-jump-market-featured-scaled.jpg\",\n\t            \"width\": 2560,\n\t            \"height\": 1440\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ibkr-market-insights\\\/even-champion-high-jumpers-fail-to-clear-the-bar\\\/#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\": \"Even Champion High Jumpers Fail to Clear the Bar\"\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":"Even Champion High Jumpers Fail to Clear the Bar","description":"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) 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\/215438\/","og_locale":"en_US","og_type":"article","og_title":"Even Champion High Jumpers Fail to Clear the Bar","og_description":"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\/soccer nor my usual summer baseball, but track and field instead.\u00a0 The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.\u00a0 The bar might be set too high for some stocks to clear.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/","og_site_name":"IBKR Campus EU","article_published_time":"2026-07-07T17:07:08+00:00","article_modified_time":"2026-07-09T10:14:01+00:00","og_image":[{"width":2560,"height":1440,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.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\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Even Champion High Jumpers Fail to Clear the Bar","datePublished":"2026-07-07T17:07:08+00:00","dateModified":"2026-07-09T10:14:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/"},"wordCount":625,"commentCount":0,"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.jpg","keywords":["AI Stocks","earnings","earnings season","investing","market outlook","Micron Technology","Nvidia","Samsung Electronics","semiconductors","stock market","technology stocks","wall street"],"articleSection":["IBKR Insights","Macro","North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/","url":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/","name":"Even Champion High Jumpers Fail to Clear the Bar - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.jpg","datePublished":"2026-07-07T17:07:08+00:00","dateModified":"2026-07-09T10:14:01+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"description":"As a disappointed fan of US Soccer, I must have sports on my brain this morning.\u00a0 (My wife would add \u201ceven more than usual,\u201d but I digress.) The sport I have in mind this morning is neither football\/soccer nor my usual summer baseball, but track and field instead.\u00a0 The best analogy that I can conjure for the upcoming earnings season is high jumping or pole vaulting.\u00a0 The bar might be set too high for some stocks to clear.","breadcrumb":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2026\/07\/pole-jump-market-featured-scaled.jpg","width":2560,"height":1440},{"@type":"BreadcrumbList","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ibkr-market-insights\/even-champion-high-jumpers-fail-to-clear-the-bar\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"Even Champion High Jumpers Fail to Clear the Bar"}]},{"@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\/07\/pole-jump-market-featured-scaled.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/215438","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=215438"}],"version-history":[{"count":1,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/215438\/revisions"}],"predecessor-version":[{"id":215440,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/215438\/revisions\/215440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/215439"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=215438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=215438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=215438"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=215438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}