Inflation has peaked and could rapidly decline next year, according to Morgan Stanley (NYSE:MS) equity strategist Michael Wilson, who called the recent consumer price index (CPI) and producer price index (PPI) reports a possible "trap" for "inflation bulls."
"The 200-WEEK moving average is a serious floor of support until companies fully confess or a recession officially arrives, both of which could take several more months and lead to a technical rally in the short term," he wrote in an analyst note.
