Oil and 10Yr at war time highs. Stocks still near ATH. At what point do we acknowledge stocks are being propped for nefarious reasons?

The entire reason stocks declined 10% during the war with Iran was the fear of an extended conflict that could lead to Hormuz being closed and oil prices being higher for longer. Stocks more than rebounded to new highs after a cease fire and the belief the US admin couldn't stomach a prolonged conflict and high oil prices. Over the past few days, the very reason the market initially took a significant dump has mostly been confirmed. Hormuz is likely to be closed for longer than anyone expected back in March. Rising oil, combined with rising treasury yields due to expected inflation, have become a reality. Yet stocks are mostly unmoved by this new reality. How's this possible? Are stocks really being artificially propped up until Spacex IPOs so that interested parties don't take a massive haircut? What could be the reason the market has all of a sudden chosen to ignore negative factors it once reacted violently to? And before anyone says tech stocks have great earnings, IWM is still near ATH and it's full of profitless companies that are the most sensitive to high costs and high yields. These are the same stocks that took a massive dive in 2022 over high inflation and yields. Yet they're not behaving the same way as of 3 weeks ago.