This rally is not a bear market rally. It is a bull market rally. Safety stocks are getting killed, even when they do the right thing. Brokerage stocks are going higher, and they are the ultimate tells.
Stocks go up on bad news and go up big on good news.
If they get hit, they come back, and fast. The crummy stuff, for the most part, is no longer spiking. The futures are no longer in charge. All last year, during the great bear market, we would see one seller come into the futures and knock the whole shebang down. It would be incredibly disconcerting.