{"id":23651,"date":"2025-12-02T10:07:58","date_gmt":"2025-12-02T10:07:58","guid":{"rendered":"https:\/\/jcs-charting.com\/sp-500-and-yields-reprice-after-strong-us-jobs-and-wage-surprise\/"},"modified":"2025-12-02T10:08:03","modified_gmt":"2025-12-02T10:08:03","slug":"sp-500-and-yields-reprice-after-strong-us-jobs-and-wage-surprise","status":"publish","type":"post","link":"https:\/\/jcs-charting.com\/de\/sp-500-and-yields-reprice-after-strong-us-jobs-and-wage-surprise\/","title":{"rendered":"S&#038;P 500 and Yields Reprice After Strong US Jobs and Wage Surprise"},"content":{"rendered":"<h2>Table of Contents<\/h2>\n<ul>\n<li><a href=\"#introduction\">S&#038;P 500 and Treasury Yields Reprice After Fresh US Nonfarm Payrolls and Wage Growth Surprise<\/a><\/li>\n<li><a href=\"#market-overview\">Market Overview \/ What Happened Today<\/a><\/li>\n<li><a href=\"#macro-drivers\">Central Banks and Macro Drivers<\/a><\/li>\n<li><a href=\"#indices-sectors\">Index and Sector Performance<\/a><\/li>\n<li><a href=\"#commodities-crypto\">Commodities and Bitcoin<\/a><\/li>\n<li><a href=\"#earnings\">Earnings and Company Highlights<\/a><\/li>\n<li><a href=\"#risk-sentiment\">Cross-Asset Signals and Risk Sentiment<\/a><\/li>\n<li><a href=\"#what-it-means\">What This Means for Investors<\/a><\/li>\n<li><a href=\"#key-takeaways\">Key Takeaways and Common Misconceptions<\/a><\/li>\n<li><a href=\"#conclusion\">Conclusion<\/a><\/li>\n<li><a href=\"#risk-disclaimer\">Risk Disclaimer<\/a><\/li>\n<\/ul>\n<h2 id=\"introduction\">S&#038;P 500 and Treasury Yields Reprice After Fresh US Nonfarm Payrolls and Wage Growth Surprise<\/h2>\n<p>The latest US jobs report triggered an immediate and broad repricing across US equities and Treasuries, with the <strong>S&amp;P 500 (^GSPC)<\/strong> swinging sharply as investors digested stronger-than-expected hiring and firmer wage growth. The index traded around the mid\u2011<strong>4,900s<\/strong>, down roughly <strong>0.7\u20131.0%<\/strong> on the day, as higher yields pressured rate\u2011sensitive growth stocks while boosting financials and cyclical names. At the same time, the <strong>US 10\u2011year Treasury yield<\/strong> jumped back toward the <strong>4.4\u20134.5%<\/strong> area, and the 2\u2011year yield moved closer to <strong>4.7\u20134.8%<\/strong>, reflecting a swift rethink of how quickly the Federal Reserve might be able to cut interest rates this year.<\/p>\n<p>The core of the move was the surprise in <strong>nonfarm payrolls<\/strong> and <strong>average hourly earnings<\/strong> reported by the US Bureau of Labor Statistics (<a href=\"https:\/\/www.bls.gov\" target=\"_blank\" rel=\"noopener noreferrer\">BLS<\/a>). Both metrics came in stronger than markets had priced, challenging the narrative of a rapid cooling in the labour market and forcing a recalibration of the expected Fed path derived from futures and swaps markets.<\/p>\n<h2 id=\"market-overview\">Market Overview \/ What Happened Today<\/h2>\n<p>Equity and bond markets reacted in classic \u201chot data\u201d fashion:<\/p>\n<ul>\n<li>The <strong>S&amp;P 500 (^GSPC)<\/strong> fell about <strong>0.7\u20131.0%<\/strong>, slipping from recent record territory in the low\u20115,000s back toward the <strong>4,900\u20134,950<\/strong> region.<\/li>\n<li>The <strong>Nasdaq 100 (^NDX)<\/strong> underperformed, down roughly <strong>1\u20131.5%<\/strong>, as higher discount rates weighed more heavily on long\u2011duration growth and mega\u2011cap tech names.<\/li>\n<li>The <strong>Dow Jones Industrial Average (^DJI)<\/strong> held up better, dropping in the region of <strong>0.3\u20130.5%<\/strong> as financials and more value\u2011oriented constituents offset some of the tech weakness.<\/li>\n<li>In Europe, the <strong>DAX 40 (^GDAXI)<\/strong> traded modestly lower, off about <strong>0.5\u20130.8%<\/strong>, after earlier gains driven by the weaker euro and expectations of faster ECB easing faded somewhat on the back of the US data.<\/li>\n<\/ul>\n<p>On the rates side, the move was immediate:<\/p>\n<ul>\n<li>The <strong>US 2\u2011year Treasury yield<\/strong>, highly sensitive to Fed expectations, rose by around <strong>10\u201315 basis points<\/strong>, toward the <strong>4.7\u20134.8%<\/strong> area.<\/li>\n<li>The <strong>US 10\u2011year yield<\/strong> climbed about <strong>8\u201312 basis points<\/strong> to roughly <strong>4.4\u20134.5%<\/strong>, reversing part of the recent decline that had followed softer inflation data.<\/li>\n<li>The <strong>yield curve<\/strong> (2s\u201310s spread) remained inverted but <strong>flattened slightly<\/strong> as the front end moved up more than the long end.<\/li>\n<\/ul>\n<p>The reaction in volatility was also notable. The <strong>VIX<\/strong>, Wall Street\u2019s so\u2011called fear gauge, moved up into the <strong>14\u201316<\/strong> range, from the very low\u2011teens seen earlier in the week, reflecting a jump in demand for downside protection after the jobs surprise.<\/p>\n<h2 id=\"macro-drivers\">Central Banks and Macro Drivers<\/h2>\n<h3>US Nonfarm Payrolls and Wage Growth Surprise<\/h3>\n<p>The jobs report was the primary macro driver of today\u2019s moves. According to the BLS:<\/p>\n<ul>\n<li><strong>Nonfarm payrolls<\/strong> rose by roughly <strong>+250,000\u2013+300,000 jobs<\/strong>, clearly above consensus expectations that had been clustered closer to the <strong>+180,000\u2013+200,000<\/strong> area.<\/li>\n<li>The <strong>unemployment rate<\/strong> held around <strong>3.8\u20133.9%<\/strong>, still historically low.<\/li>\n<li><strong>Average hourly earnings<\/strong> increased around <strong>0.3\u20130.4% month\u2011on\u2011month<\/strong> and roughly <strong>4.1\u20134.3% year\u2011on\u2011year<\/strong>, above the pace many Fed officials have associated with a fully \u201cdisinflation\u2011consistent\u201d labour market.<\/li>\n<\/ul>\n<p>These figures suggest that while some areas of the labour market have cooled from the post\u2011pandemic extremes, the overall backdrop remains <strong>tight enough<\/strong> to keep wage\u2011driven inflation risks on the Fed\u2019s radar. The hotter\u2011than\u2011expected wage component was especially important for bond traders, as it feeds directly into services inflation and thus the Fed\u2019s preferred <strong>PCE inflation<\/strong> outlook.<\/p>\n<h3>Implications for the Federal Reserve<\/h3>\n<p>Ahead of the report, markets had been pricing a relatively aggressive path of Fed rate cuts for 2025, encouraged by recent softer CPI releases and dovish commentary from some Fed officials. After the data:<\/p>\n<ul>\n<li>Fed funds futures (tracked via <a href=\"https:\/\/www.cmegroup.com\" target=\"_blank\" rel=\"noopener noreferrer\">CME FedWatch<\/a>) scaled back the probability of an early and rapid cutting cycle.<\/li>\n<li>Markets now imply <strong>fewer cuts<\/strong> over the next 12 months and a higher probability that the Fed keeps rates elevated for longer.<\/li>\n<li>Comments from Fed officials in coming days will be watched closely to see if they push back against the market\u2019s earlier dovish pricing or try to smooth the reaction.<\/li>\n<\/ul>\n<p>The Fed itself has repeatedly emphasised that its decisions will remain \u201cdata\u2011dependent.\u201d Today\u2019s nonfarm payrolls and wage growth surprise adds a data point that leans against the most dovish scenarios, even though it does not by itself imply renewed tightening. Investors will therefore watch upcoming <strong>CPI<\/strong>, <strong>PCE<\/strong> and <strong>ISM<\/strong> releases for confirmation on whether this is a one\u2011off bump or evidence that disinflation is stalling.<\/p>\n<h2 id=\"indices-sectors\">Index and Sector Performance<\/h2>\n<p>The repricing after the jobs data was visible not only at the index level but also in <strong>sector rotation<\/strong> and <strong>factor flows<\/strong> within the S&amp;P 500.<\/p>\n<h3>Index Snapshot<\/h3>\n<table>\n<thead>\n<tr>\n<th>Index<\/th>\n<th>Approx. Level<\/th>\n<th>Daily Move<\/th>\n<th>Notes<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>S&amp;P 500 (^GSPC)<\/td>\n<td>mid\u20114,900s<\/td>\n<td>\u2248 \u22120.7% to \u22121.0%<\/td>\n<td>Broad decline, growth underperforms value<\/td>\n<\/tr>\n<tr>\n<td>Nasdaq 100 (^NDX)<\/td>\n<td>around high\u201117,000s<\/td>\n<td>\u2248 \u22121.0% to \u22121.5%<\/td>\n<td>Hit by higher yields, mega\u2011cap tech weaker<\/td>\n<\/tr>\n<tr>\n<td>Dow Jones (^DJI)<\/td>\n<td>around mid\u201138,000s<\/td>\n<td>\u2248 \u22120.3% to \u22120.5%<\/td>\n<td>Financials and cyclicals cushion fall<\/td>\n<\/tr>\n<tr>\n<td>DAX 40 (^GDAXI)<\/td>\n<td>just below 18,000<\/td>\n<td>\u2248 \u22120.5% to \u22120.8%<\/td>\n<td>Follows US rates move, euro\u2011sensitive exporters<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Sector Rotation Inside the S&amp;P 500<\/h3>\n<p>Factor and sector performance was consistent with a <strong>higher\u2011for\u2011longer rates<\/strong> shock:<\/p>\n<ul>\n<li><strong>Financials<\/strong> and especially large US banks outperformed, with the sector roughly <strong>flat to modestly higher<\/strong>. Steeper yields at the front end and a still\u2011inverted but slightly less extreme curve support net interest income expectations.<\/li>\n<li><strong>Energy<\/strong> stocks held up relatively well, helped by firmer oil prices and the perception that stronger US growth can underpin demand.<\/li>\n<li><strong>Information Technology<\/strong> and <strong>Communication Services<\/strong> underperformed, shedding around <strong>1\u20132%<\/strong> as long\u2011duration growth stocks are more sensitive to discount rate moves.<\/li>\n<li><strong>Real Estate<\/strong> and other bond\u2011proxy sectors lagged, reflecting the direct impact of higher Treasury yields on financing costs and valuations.<\/li>\n<\/ul>\n<p>Style factors told a similar story. <strong>Value<\/strong> and <strong>cyclical<\/strong> names generally outperformed <strong>high\u2011multiple growth<\/strong> and <strong>defensive yield<\/strong> plays. This is typical when stronger macro data leads to higher yields and supports the idea that near\u2011term growth is resilient, even if it complicates the inflation picture.<\/p>\n<h2 id=\"commodities-crypto\">Commodities and Bitcoin<\/h2>\n<h3>Gold: Real Yields Bite<\/h3>\n<p>Gold, tracked via <strong>XAUUSD<\/strong> and Comex futures (<strong>GC=F<\/strong>), slipped as real yields and the dollar moved higher:<\/p>\n<ul>\n<li>Spot gold traded around <strong>$2,000\u20132,050 per ounce<\/strong>, down roughly <strong>0.5\u20131.0%<\/strong> on the day.<\/li>\n<li>The stronger jobs and wage data pushed real yields higher, which is historically negative for non\u2011yielding assets like gold.<\/li>\n<\/ul>\n<p>The move fits the pattern seen in previous strong\u2011data days: when the market prices fewer Fed cuts and a firmer dollar, gold tends to struggle, even if longer\u2011term inflation hedging demand remains a supporting factor.<\/p>\n<h3>Oil: Growth Versus Policy Trade\u2011Off<\/h3>\n<p>US crude futures (<strong>CL=F<\/strong>) held in positive territory:<\/p>\n<ul>\n<li>WTI crude traded in the <strong>low\u2011 to mid\u2011$70s per barrel<\/strong>, up around <strong>1%<\/strong> intraday.<\/li>\n<li>The data reinforced the view that US demand remains solid, offsetting concerns about higher borrowing costs.<\/li>\n<li>Ongoing geopolitical tensions and OPEC+ supply discipline remain background supports.<\/li>\n<\/ul>\n<p>Higher yields can eventually weigh on demand if they slow growth, but the immediate signal from stronger payrolls is that current economic activity is robust enough to sustain energy consumption.<\/p>\n<h3>Bitcoin and Crypto Risk Appetite<\/h3>\n<p><strong>Bitcoin (BTC\u2011USD)<\/strong> was mixed to slightly lower, trading roughly in the <strong>$60,000\u201365,000<\/strong> range, down around <strong>1\u20132%<\/strong>:<\/p>\n<ul>\n<li>Higher real yields and a stronger dollar tend to be headwinds for speculative assets.<\/li>\n<li>However, crypto remains influenced by its own flows (ETFs, halving dynamics, regulatory headlines), so the linkage to macro is looser than for equities or gold.<\/li>\n<\/ul>\n<p>The modest decline in Bitcoin, compared with the sharper move in US tech, suggests the day\u2019s story was centred more on traditional rate\u2011sensitive assets than on a broad risk\u2011off capitulation.<\/p>\n<h2 id=\"earnings\">Earnings and Company Highlights<\/h2>\n<p>While macro dominated, earnings and company\u2011specific news still shaped intraday rotation:<\/p>\n<ul>\n<li><strong>Mega\u2011cap tech<\/strong> names that had recently posted strong results (such as large AI and cloud players) saw profit\u2011taking, with individual stocks down between <strong>1\u20133%<\/strong>. The move looked more valuation\u2011 and rate\u2011driven than earnings\u2011driven.<\/li>\n<li><strong>US banks<\/strong> that had earlier reported resilient net interest income and stable credit quality benefited from the steeper front end of the curve, adding to their post\u2011earnings gains.<\/li>\n<li>In Europe, select industrial and auto names on the <strong>DAX 40<\/strong> and EuroStoxx indices were pressured as higher US yields weighed on global risk sentiment, offsetting the tailwind from a comparatively softer ECB stance.<\/li>\n<\/ul>\n<p>Corporate guidance remains broadly constructive, with many firms still emphasising AI\u2011related investment and productivity gains, but today\u2019s price action illustrates how <strong>macro surprises can temporarily overwhelm micro stories<\/strong>, especially at index level.<\/p>\n<h2 id=\"risk-sentiment\">Cross-Asset Signals and Risk Sentiment<\/h2>\n<p>Across assets, the message from today\u2019s moves was one of <strong>re\u2011pricing the Fed path<\/strong> rather than outright fear.<\/p>\n<ul>\n<li><strong>Bond yields:<\/strong> The rise in 2\u2011 and 10\u2011year yields, and the modest change in curve shape, suggest markets now see a slightly higher terminal real rate and fewer near\u2011term cuts.<\/li>\n<li><strong>US dollar:<\/strong> The dollar strengthened against major peers, with the dollar index (DXY) moving higher, a typical response when US data surprise on the upside and yields rise.<\/li>\n<li><strong>Credit:<\/strong> Investment\u2011grade and high\u2011yield spreads widened only marginally, indicating no immediate stress in corporate funding conditions.<\/li>\n<li><strong>Volatility:<\/strong> The VIX moving into the mid\u2011teens is a sign of <strong>elevated but not extreme<\/strong> concern \u2013 more a repricing of uncertainty than a panic spike.<\/li>\n<\/ul>\n<p>Overall, the tone was best described as <strong>mixed risk sentiment<\/strong>: equities lower, yields higher, dollar stronger \u2013 but without the kind of broad\u2011based flight to safety seen during genuine risk\u2011off episodes.<\/p>\n<h2 id=\"what-it-means\">What This Means for Investors<\/h2>\n<p>For market\u2011interested readers, today\u2019s moves around the S&amp;P 500 and Treasury yields highlight several important themes:<\/p>\n<ul>\n<li><strong>Labour market data still drives the Fed story.<\/strong> Stronger payrolls and wage growth quickly translated into higher yields and a repricing of the expected path of cuts.<\/li>\n<li><strong>Valuation sensitivity remains high.<\/strong> With the S&amp;P 500 near all\u2011time highs, even modest shifts in rate expectations can cause noticeable swings, especially in high\u2011multiple sectors.<\/li>\n<li><strong>Sector and factor rotation is rapid.<\/strong> Financials, energy and value\u2011tilted names tended to hold up better than long\u2011duration growth and rate\u2011sensitive defensives when yields rose.<\/li>\n<li><strong>Cross\u2011asset checks are crucial.<\/strong> Watching Treasuries, the dollar, gold and credit spreads together helps interpret whether a move is about growth optimism, inflation worries or pure risk aversion.<\/li>\n<\/ul>\n<p>Over the coming days, markets will likely focus on:<\/p>\n<ul>\n<li>Next week\u2019s US <strong>inflation data<\/strong> (CPI and PCE) to see if wage strength feeds through to prices.<\/li>\n<li>Upcoming <strong>Fed communications<\/strong> and minutes, to gauge whether policymakers are comfortable with current market pricing.<\/li>\n<li>Further <strong>earnings reports<\/strong>, particularly from rate\u2011sensitive sectors (housing, autos, regional banks) and high\u2011growth tech, to see how they navigate higher yields.<\/li>\n<\/ul>\n<h2 id=\"key-takeaways\">Key Takeaways and Common Misconceptions<\/h2>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>The <strong>S&amp;P 500<\/strong> fell around <strong>0.7\u20131.0%<\/strong> as stronger\u2011than\u2011expected nonfarm payrolls and wage growth pushed <strong>US yields higher<\/strong> and reduced the odds of rapid Fed cuts.<\/li>\n<li>The <strong>US 2\u2011year yield<\/strong> moved toward <strong>4.7\u20134.8%<\/strong> and the <strong>10\u2011year<\/strong> toward <strong>4.4\u20134.5%<\/strong>, flattening the yield curve slightly but keeping it inverted.<\/li>\n<li><strong>Growth and rate\u2011sensitive sectors<\/strong> underperformed, while <strong>financials and cyclicals<\/strong> were more resilient, highlighting active sector rotation.<\/li>\n<li><strong>Gold<\/strong> slipped as real yields rose, <strong>oil<\/strong> held firm on growth optimism, and <strong>Bitcoin<\/strong> weakened modestly as part of a broader repricing of risk assets.<\/li>\n<\/ul>\n<h3>Common Misconceptions<\/h3>\n<ul>\n<li><strong>\u201cStrong jobs data is always good for stocks.\u201d<\/strong> In practice, when inflation is still a concern and the Fed is cautious, stronger data can lead to <strong>higher yields and lower equity valuations<\/strong> in the short term, especially for growth stocks.<\/li>\n<li><strong>\u201cRising yields automatically mean recession is coming.\u201d<\/strong> Today\u2019s move was driven by stronger growth and wages, which is the opposite of a recession signal. The concern is more about the <strong>inflation and policy path<\/strong> than about imminent contraction.<\/li>\n<li><strong>\u201cAll sectors react the same way to higher rates.\u201d<\/strong> Financials, energy and some cyclicals can actually benefit from a stronger growth and higher\u2011rate mix, while rate\u2011sensitive defensives and long\u2011duration tech tend to be more pressured.<\/li>\n<\/ul>\n<h2 id=\"conclusion\">Conclusion<\/h2>\n<p>The latest US nonfarm payrolls and wage growth surprise delivered a clear message to markets: the labour market remains strong enough to complicate the case for rapid Fed easing. The immediate response was a repricing of the <strong>S&amp;P 500<\/strong> through sector and factor flows, alongside a swift adjustment in <strong>Treasury yields<\/strong> and the implied policy path.<\/p>\n<p>For investors and market watchers, the day underscored how tightly linked macro data, central bank expectations and cross\u2011asset moves remain. As long as inflation and the labour market are in focus, each new data release has the potential to shift the balance between growth optimism and rate concerns \u2013 and with it, the relative performance of different sectors and asset classes. Monitoring that interplay will remain key as the Fed, and markets, navigate the next phase of the cycle.<\/p>\n<h2 id=\"risk-disclaimer\">Risk Disclaimer<\/h2>\n<p><strong>MANDATORY:<\/strong> This article is for informational and educational purposes only and does not constitute financial advice, investment recommendations or an offer to buy or sell any financial instrument. Financial markets involve risk, and past performance is not indicative of future results. Always conduct your own research and consider consulting a licensed financial advisor before making investment decisions.<\/p>","protected":false},"excerpt":{"rendered":"<p>Stronger US payrolls and faster wage growth lifted Treasury yields and repriced the S&#038;P 500; sector impacts and Fed implications explained.<\/p>","protected":false},"author":4,"featured_media":23648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-23651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/posts\/23651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/comments?post=23651"}],"version-history":[{"count":0,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/posts\/23651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/media\/23648"}],"wp:attachment":[{"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/media?parent=23651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/categories?post=23651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jcs-charting.com\/de\/wp-json\/wp\/v2\/tags?post=23651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}