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- Consumer stocks will be under pressure in the coming quarter, Morgan Stanley warned.
- That's because Americans are getting battered by high gas prices, housing costs, and student loans.
- Economists have warned the weakening consumer could help push the economy into recession.
Consumer stocks — a group that includes some of the market's best-performers this year — are facing major downside risk over the next quarter as Americans get battered by high gas prices, student loan payments, and expensive housing, according to Morgan Stanley chief investment officer Mike Wilson.