What in the world is up with the stock market

It's just rocketing up in a straight vertical line like none of the big problems are real. Valuations on certain companies like Tesla and zoom have gone into the realm of loony toons level craziness. Zoom is valued higher than Boeing? Really? We're headed to fresh all-time highs daily in the middle of the worst economic conditions we've never seen. I'm convinced that chairman Powell is a traitor doing whatever it takes to reelect Trump regardless if the future.