Why markets are on all time high level while economy is down?

It is evident that world economy is under pressure. Banks and financial organisations have reduced income and money in their pockets but stock market is going up and up. As you can see in the above chart that the US Dow Jones is at its one time high level. India's stock markets are also near to its all time high despite being down since a few days. What is this suggesting?

Economy of most of the countries are not creating fresh jobs. AI is taking jobs of lots of people and loan defaults are increasing. But stock markets is high, gold price is high and even crypto market is high. This means big players are manipulating all the markets. They are pumping money in a few shares which have higher weightage on stock indices. So, big players are siphoning money from ordinary people and accumulating wealth. This is a clear sign that economy may go down in a few years. What do you think?