How Can We Have A Bear Market Rally? Because Financial Conditions Aren't Getting Tighter, Au Contraire....

....financial conditions have been getting looser since October 7.

Here's the Chicago Fed's National Financial Conditions Index (NFCI) via the Federal Reserve Bank of St. Louis' FRED database. The zero line marks neutral, below zero conditions are loose, and for the last three months they've been getting looser.

Here is the Chicago Federal Reserve Bank's methodology and current data page.