Barrons says Morgan-Stanley wants you to Stop Traveling so they can look smart

[WaikikiFirst]

A Consumer-Spending Shift Is Coming. 11 Stocks to Benefit. -- Barrons.com​

1/6/26: Get ready for people to shift their spending away from services and experiences and toward physical goods such as houses and furniture.
... lockdowns ... "Let's buy some stuff for the home" ... post-lockdown "I gotta get out of here" ... and now ...
"makes sense to expect consumers to take it easy on the vacations and buy the housing and other items they have delayed purchasing for so long. A wallet share shift from services to goods is underway," writes Morgan Stanley's chief U.S. equity strategist Mike Wilson. He says makers of consumer discretionary goods are a top area of the U.S. stock market to buy.

The details they give make it look more like a hope than "underway", but that is how most predictions for the new year look.

 

[DeniseM]

I think "stop traveling" is in inaccurate description of the article. It's more of a prediction that people will travel less, not a recommendation that they should "stop."

 

[WaikikiFirst]

Yeah, you're right. I forgot that people take this stuff seriously. I didn't mean it is a warning. It is Morgan Stanley. What do they know?
I meant if the MS guy wants to be right about 2026, he wants you to stop traveling, in a selfish way. Edit coming

I met Mike Wilson a couple times back in the day. I've known a couple of other chief equity strategists. Once they predict something, they really want you to help make it come true.