This last piece of bullish sentiment seems confined to the US; few other markets joined in this week.
The US dollar index broke thru key chart support (see chart) as the dollar weakened across the board.
The bond market was initially impressed with the CPI inflation update but soon gave up gains.
The core rate rose a touch to 1.8% rounded (actually 1.78%, up from 1.71% previously – so nothing to get excited about)
Core inflation has been stuck in to 1.7-1.8 percent range for 8 months (see chart)