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It was quite a week on Capitol Hill, and that really dominated the news coverage. But if you were just looking at the stock market, it might be difficult to tell there was such unrest in the executive branch. Sans the sell-off that ended the Dow's four-day win streak, and a subsequent dip on Friday, the markets continue to trade around record highs. Will the bottom completely fall out from under us? It's tough to tell, though TheStreet was hard at work determining the buy and sell signals you need to know. We also sat down with veteran forecaster Peter Schiff who weighed in on his key indicators for a bear market and his comments may surprise you. Not to get you down but there are more troubles
Ross owns more than 1,500 stores in 37 states under the banners "Ross Dress For Less" and "dd's DISCOUNTS," and it's opening more than 80 stores annually at a time when department stores are losing sales and shutting down hundreds of stores. "Their customers are of an older demographic who have been loyal for years and will not be easily taken over by Amazon," said Eric Ervin, CEO of Reality Shares, an ETF issuer and research firm whose funds own holdings in Ross Stores.
Financial markets are warning of weakness in the U.S. economy, so the Federal Reserve should be "very patient and judicious" as it considers whether to raise interest rates, a policymaker in the Fed's cautious camp said on Thursday. In a speech and press conference, Dallas Fed President Robert Kaplan underscored his concerns about a series of weak inflation readings, saying he wants to see evidence that it would rebound "in the medium term" before he could support another rate hike. "There is no doubt that as the (yield) curve gets flatter and inverted, that is a sign of economic trouble," Kaplan, a voting member of the Fed's policy committee this year, said of the 10-year Treasury yield at 2.2 percent.