A daily market update from FS Insight— what you need to know ahead of opening bell

“The beginning of everything is atoms and void, and everything else is perception.” – Democritus

Overnight

BOJ ends YCC and raises rates for first time in 17 years (CNBC)

Nvidia announces its most powerful AI chip as it seeks to become a platform company like Microsoft and Apple (CNBC)

Apple is in talks to let Google Gemini power iPhone AI features; some analysts skeptical (BBG)

Hong Kong passes local security bill cementing China’s control (BBG)

Exxon CEO says not trying to buy Hess, but eyes its Guyana stake (RT)

UAW wants vote to unionize Volkswagen plant in Tennessee (Axios)

Crafts retailer Joann goes bankrupt as consumers retreat (YF)

Corinthia eyes Barings' assets after poaching 20+ employees (BBG)

Forty PMs from Citadel, Oaktree, others line up hedge fund launches for 2024 (RT)

PE firms stuck with old assets tap private credit for help (BBG)

Corporate bond rush is defying high-rate refinancing fears (BBG)

Bond vigilantes snooze as Treasury market shrugs off vast US borrowing (FT)

Treasury ETF hit by record losing streak, $2B of outflows (BBG)

Commodity traders are sitting on $120B in cash after years of record profits (F...

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