{"id":1081,"date":"2005-07-11T13:21:49","date_gmt":"2005-07-11T13:21:49","guid":{"rendered":"https:\/\/discovery.org\/tech\/2005\/07\/11\/policy_drives_stocks\/"},"modified":"2024-10-15T21:58:10","modified_gmt":"2024-10-15T21:58:10","slug":"policy_drives_stocks","status":"publish","type":"post","link":"https:\/\/www.discovery.org\/tech\/2005\/07\/11\/policy_drives_stocks\/","title":{"rendered":"Policy Drives Stocks"},"content":{"rendered":"<p>It&#8217;s impossible to model the stock market with absolute certainty. But is it a coincidence that since the FCC announced a week ago it would seek some measure of deregulation for telecom companies, the technology heavy Nasdaq has risen <a href=\"http:\/\/finance.yahoo.com\/q\/bc?s=%5EIXIC&amp;t=5d\">over 4 percent<\/a>? Before the Supreme Court <em>Brand X<\/em> decision and the related FCC statements, the Nasdaq had been down year-to-date about 6 percent. Now we&#8217;re close to even for the year.<\/p>\n<p>\nOur Gilder Technology Index, which is even more concentrated in technology, is up almost 6 percent in the last week.\n<\/p>\n<p>\nSeveral of my Discovery colleagues have voiced valid concerns that the <em>Brand X<\/em> case confirms and centralizes the FCC&#8217;s powers &#8212; often an ominous thing, to be sure &#8212; but if the FCC follows through on its recent directional statements, it will be good for the economy and stocks. So far the market seems to think so.\n<\/p>\n<p>-Bret Swanson<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s impossible to model the stock market with absolute certainty. But is it a coincidence that since the FCC announced a week ago it would seek some measure of deregulation for telecom companies, the technology heavy Nasdaq has risen over 4 percent? Before the Supreme Court Brand X decision and the related FCC statements, the Nasdaq had been down year-to-date about 6 percent. Now we&#8217;re close to even for the year. Our Gilder Technology Index, which is even more concentrated in technology, is up almost 6 percent in the last week. Several of my Discovery colleagues have voiced valid concerns that the Brand X case confirms and centralizes the FCC&#8217;s powers &#8212; often an ominous thing, to be sure &#8212;<a class=\"ellipsis article-more\" href=\"https:\/\/www.discovery.org\/tech\/2005\/07\/11\/policy_drives_stocks\/\"><span> Read More &rsaquo;<\/span><\/a><\/p>\n","protected":false},"author":164,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"coauthors":[129],"class_list":["post-1081","post","type-post","status-publish","format-standard","hentry","category-economic-policy"],"acf":[],"author_names":["Bret Swanson"],"_links":{"self":[{"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/posts\/1081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/users\/164"}],"replies":[{"embeddable":true,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/comments?post=1081"}],"version-history":[{"count":0,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/posts\/1081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/media?parent=1081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/categories?post=1081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/tags?post=1081"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/coauthors?post=1081"}],"wp:action-assign-author":[{"href":"https:\/\/www.discovery.org\/tech\/wp-json\/wp\/v2\/post\/1081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}