This is reasoning from a mistake. Market valuation is about VALUE, which is an abstract idea assigned by the market, which is not the same thing as MONEY, which can be "printed"[1]. Market values go up and down on their own, irrespective of the amount of money in circulation. They reflect consensus (often irrational) for what the securities "should be trading at", and that's all. If the currency inflates or deflates, the markets do too.

[1] Though recognize that by engaging in that frame you're painting yourself as an unserious amateur being influenced by partisan media. Real governments do not "print money" in any real sense, and attempts to conflate things like bond debt with it run afoul, yet again, of the money/value mistake.