Why is the stock market diverging from every other asset (BTC, Treasury Yields, and Metals) today as oil continues to rise?

Oil continues to gradually rise after another weekend without progress in peace talks. Pass through inflation is already aggressively evident in our everyday lives - vegetable prices are nearly 2x higher than they were a few months ago, delivery companies have raised fees, etc. The longer hormuz stays closed, the worse inflation gets, and the less likely the Fed cuts rates even with Trump's newly selected chairman set to lead the Fed - everyone, especially sophisticated investing institutions and the Federal reserve are fully aware of this reality. BTC, bonds, and metals are moving down today as you'd expect, pricing in the threat of persistent overall inflation. Yet the stock market had a brief dip today then pumped right back to positive. Even Chinese stocks are declining today due to the lack of progress with Iran. China's market actually appears far more sane than US markets, which is a surprising twist. Why are US stocks blatantly ignoring blaring red flags that other assets are pricing in? What is holding up the market? Are market participants truly bullish in the face of quickly deteriorating macro conditions? Or is there something nefarious going on behind the scenes that's preventing true price discovery (such as the need to prop up tech stocks until the spacex ipo)?