State Street Consumer Discretio

The 1 Sector I'm Steering Clear of Right Now: Consumer Discretionary

An investment expert is avoiding the consumer discretionary sector due to declining average hourly earnings, rising credit card debt ($1.26 trillion), and economic headwinds including geopolitical tensions and high interest rates. While high-income households are holding up, lower- and middle-income consumers—critical to retail spending—are struggling, making discretionary stocks unattractive for now.