If we lock the Text Layer if it’s above the Objects’ Layer that has graphic elements on it, and we want to “Wrap” an object from that layer, we can see the Wrap Path which is Editable by Pen Tool & Direct Selection Tool,
When Wrap Path is active and then we want to select just an anchor point by making a marquee selection from outside (like Illustrator) to select a single anchor point the path disappears and we see disappeared path even mouse click button is pressed, every time we will have to click on the anchor point to select it which is difficult and wastage of time.