Last week’s inflation report was the latest reason for investors to get excited, helping extend the November rally in the S&P 500 to 7.6%. The markets are looking at the Federal Reserve’s rate-hike campaign to now be over and done with.

The Russell 2000, which tracks small-cap stocks—seen as particularly sensitive to the state of the economy—added more than 5% for the week.

Investors have purchased $7.6 billion into QQQ ETF, which tracks the Nasdaq- 100 Index, from Monday to Thursday, more than the fund has taken in any week since its 1999 launch, according to Bloomberg.

Both bonds and stocks had become deeply oversold in recent weeks, so they reacted very positively to signs that inflation is under control and coming down.

Bond yields were little changed, with the 10-year Treasury yield closing Friday at 4.441%,

The benchmark yield is down more than four tenths of a percentage point in November after touching 5% late last month.