Recently, Michael Wilson, a well-known short on Wall Street and chief equity strategist at Morgan Stanley, issued a heavy warning to the market that consumer stocks, one of the brightest performers in the U.S. stock market for years, are about to lose their shine as the industry faces increasing risks。Wilson listed four major reasons for the rapid weakening of the U.S. consumer side in the near future: the imminent recovery of student repayment, rising delinquency rates for certain households, rising gasoline prices and weaker housing data, which have been a serious drag on the U.S. consumer side in the near future, U.S. household spending may not be able to maintain the unexpectedly strong growth momentum of the first three quarters, and the weakening trend in U.S. consumer stock prices is accelerating。In fact, Damo isn't the only big Wall Street bank to be disappointed with the future of consumer stocks。Goldman Sachs, a well-known investment bank, also said that on the basis of equal weighting of individual stocks, it is expected that the overall performance of the S & P consumer discretionary sector will be 7 percentage points lower than the S & P 500 over the next 12 months.。In addition, analysts at Jefferies Financial Group have downgraded the shares of U.S. retailers Foot Locker Inc, Urban Outfitters Inc and Nike, according to the bank, which expects U.S. consumers to control spending in the future。Is the performance of U.S. consumer stocks really so bad?？Data show that U.S. consumer discretionary stocks, including Amazon and Tesla, have risen 26% so far this year, double the 13% gain in the S & P 500, but the Daily Consumer Sector Index ETF, which covers many star consumer stocks such as Wal-Mart, Costco, Coca-Cola and Altria, has fallen more than 5% so far this year, underperforming the S & P 500.。To be honest, U.S. consumer stocks have come out of this performance in this year's big market, and it's no wonder that the big banks are looking down on consumer stocks.。

With investors cash-strapped and benchmark interest rates high, investors may shift to holding more liquid assets, such as cash。