Fed minutes put the brakes on stock rally

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After a brief celebration of a new intraday record high on the S&P 500 and a two trillion Dollar market cap for Apple on Wednesday, the music suddenly stopped and with it, the ‘rally of everything’. All major US indices began to stumble, the Dollar woke up from a 27-month low, Oil declined and gold lost 3.5% in value.

Asian and European stocks are following Wall Street lower today and US futures are also indicating further declines to the start of the trading session across the pond.

The change in mood has been clearly down to the release of the minutes from the FOMC’s July meeting… Read More:

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