What money printed are you referring to?Bank reserves are not really money, only if they get lended out they can create inflation. M1 and M2 growth YTD has been weak, specially M2(less than 3% annualized YTD). Inflation expectations are not out of line(10y breakeven is less than 2%, surveys dont show inflation concern), this stock market boom has nothing to do with inflation fears
The data on the chart makes sense for all previous years. So why the calculations on the chart in your opinion are way off for this year? They have to be consistent with the previous results. Meaning they had to use same type of calculations across the board.