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

📆 25/09/2023 20:01:00
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(Bloomberg) -- 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to Morgan Stanley’s Michael Wilson.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets WrapHollywood Screenwriters Reach Deal to End

The faltering rally is in keeping with the view of Morgan Stanley economists that household spending probably can’t sustain the surprising 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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Morgan Stanley’s Wilson Sees Risks Rising for US Consumer StocksConsumer 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.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »