The stock market itself has been anemic, aside from big tech that saw massive fucking gains. Apple, and now Tesla's been propping up activity the last week through the recent stock split news. Also, since interest rates are down, no longer any reason to stow excess money if you have it. Robinhood hype may be driving new retail investors, but large firms still control the vast majority of trading volume.
I have a developing fear that we are finally seeing the stock market fully separating from the rest of the economy, or rather there are now two economies, with the conditions of the elite being reflected in the stock market and the rest through unemployment, evictions and starvation.
I'll say this, if the looming housing crisis ends up even half as bad as predicted, the ensuing chaos will make this past May/June look absolutely tranquil in comparison. And the Dow might make it to 30K.