Morgan Stanley’s Wilson Sees Risks Rising for US Consumer Stocks

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Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.

The faltering rally is in keeping with the view of Morgan Stanley economists that household spending probably can’t sustain the surprisingly strength of the first three quarters, the strategist said.

“This price action is picking up on slowing consumer spend, student loan payments resuming, rising delinquencies in certain household cohorts, higher gas prices and weakening data in the housing sector,” he said.

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