For investors worried about concentration risks and overweighting any sub-sector, the Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and the Vanguard Consumer Discretionary ETF (VCR) offer diversified exposure to the consumer discretionary sector. Caruso: It's true, Goldman Sachs and Bank of America are predicting three more rate hikes this year, increasing past estimates after new data pointed to persistent inflation and a tight labor market. The relatively slight uptick in delinquency transition rates shows some signs of stress largely isolated amongst younger borrowers who are beginning to miss some credit card and auto loan payments.