This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.
Good morning and Happy New Year, Bull Sheeters.
Global stocks are hitting record highs again today on what is the first trading day of the year for much of the world. That’s despite a surge in new COVID infections and worries that the global immunization effort is off to a slow start.
The big investment story to start the year is Bitcoin. The cryptocurrency is edging down this morning, but it’s been hitting new records daily as institutional investors pile in, pushing its market cap to more than a half-trillion dollars and triggering a tsunami of tweets from crypto bulls crowing about their crypto net worth.
Let’s check in on what’s moving the markets.
- The major Asia indexes are mostly higher