Same applies at the macro level.
There is no good news nationally (fake stolen president), daily false flag shootings, nor internationally (Ukraine/Taiwan/Iran/Evergiven-WMD-child-trafficking), yet the DOW is around 34000.
Read an article that laid it all out that 401ks have worked to perfection for the big fish in that we are at the historical Boomer apex where the vast majority of Boomers and just behind, are willing to let the DJIA drive their mutual funds slowly in the right direction, while the voting stock crowd scapes billions.
Which is a dare to buy "A" stocks and control the argument again as we used to.