'Buy All The Things' - Benign CPI & Bullish Bank EPS Sparks Face-Ripping Short-Squeeze

A small miss for Core CPI today was all that the algos needed to go to '11' on the panic-buying 'QE'-trade charge. After yesterday's slight miss on PPI, inflation fears appear to have evaporated (despite economists panicking over Trump's tariffs etc). Notice in the chart below though that 'growth' surprises have gone nowhere...