Bullish Narrative Collapsed into Daytraders Hoping for Santa

The character of the stock market has changed. There are still pockets of optimistic speculation in this market (crypto), but overall it seems the bullish narrative has collapsed into a daytrade or swing trade based on a Santa Claus rally. What happens after that? The bears are rather confident that if Santa brings a rally for the bulls, he is really bringing the bears much better entry prices. For this reason, I'm a Missourian on a rally.