The markets are defying the odds. How high can they go?

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, Bull Sheeters. Positive for the year. All-time record. Every day there’s a new superlative for these markets.

Let’s see where investors are putting their cash.

Markets update Asia Asia’s major indices are mixed in afternoon trade. Hong Kong’s Heng Seng (+1.1%) is up; the Nikkei (-0.4%) is down.Cathay Pacific will raise $5 billion through a share offering to prop up the troubled airline. The buyers will be the Hong Kong government and investors.Meanwhile,