They say interest rates are going up, but why are stocks rising?

As expected, Wall Street does whatever it wants.
Last year, they made such a fuss about rate cuts and sent stocks skyrocketing,

now they are driving up stock prices, claiming that a rate hike is actually good news. Haha. I wonder if institutions are going long just to squeeze out the shorts because there are too many short positions...

This stock market makes no sense at all.
Oil prices crossed 100, and the 10-year Treasury yield approached 5%, hitting a peak, yet the S&P and Nasdaq just ended flat... It really looks like nothing more than a trap to shake people out.