Is this a normal way for a Cattleya alliance orchid to bloom?

[Lady Oscar]

Last year my Blc. Hawaiian Leopard 'Mei-Ling' bloomed for the first time, from a normal-looking pseudobulb with one leaf.

First Cattleya Bloooooom!

Now, it's...doing something else? It has produced a long, thin growth with what looks like a bud at the top and no leaves. Is this in fact a bud? I know Cattleya type hybrids can have different numbers of leaves on different pseudobulbs, but is "none" one of the options? (In the pic you can see the dried stalk from the last bloom behind the new growth.)