Market participants, including strategists at Morgan Stanley led by Mike Wilson, agree that heavy fiscal spending by the government has led to lower rates and other policy tools being utilized to support the economy. Consequently, the purchasing power of U.S. dollars has decreased significantly more than traditional inflation measures would suggest.
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Why Deckers Outdoor Stock Jumped Today
Shares of Deckers Outdoor (NYSE: DECK), known for brands like Hoka and UGG, rose by 11.7% after the company reported better-than-expected first-quarter results, alleviating investor concerns following a significant stock decline earlier in the year due to tariff fears and weakening consumer sentiment. The positive results reaffirmed confidence in the company's growth trajectory. Want More Context? 🔎
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