Yesterday minutes from the Federal Open Market Committee meeting were released, and it pointed toward a more flexible approach in the Fed’s gradual interest-rate increases -- this is after a ‘baked-in’ December hike, of course. The minutes have also reinforced comments made by Jay Powell a couple of days ago. 

So why did US stocks close lower? Has the market euphoria evaporated already? 

Tim Mulholland, President of TJM Limited in Chicago takes  a closer look at the reasons why.

Yesterday minutes from the Federal Open Market Committee meeting were released, and it pointed toward a more flexible approach in the Fed&rsquo;s gradual interest-rate increases -- this is after a &lsquo;baked-in&rsquo; December hike, of course. The minutes have also reinforced comments made by Jay Powell a couple of days ago. So why did US stocks close lower? Has the market euphoria evaporated already? Tim Mulholland, President of TJM Limited in Chicago takes&nbsp; a closer look at the reasons why.

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