Jeffrey Kleintop: What to Make of ‘the Cardboard Box Recession’

<p>Our guest this week is Jeffrey Kleintop. Jeffrey is managing director, chief global investment strategist for Charles Schwab & Co. In his role, Jeffrey analyzes and comments on international markets, trends, and events. You can find Jeffrey’s commentary on social media at @JeffreyKleintop, as well as on Schwab’s site, where a full library of his content is available. Jeffrey is quoted often in national media and has been a regular guest on CNBC and other television outlets. Prior to joining Schwab, Jeffrey served as Chief Market Strategist at LPL Financial. He received his bachelor’s in business from the University of Delaware and his MBA from Pennsylvania State University and is a Chartered Financial Analyst charterholder.</p><p>Background</p><p><a href="https://www.linkedin.com/in/jeffrey-kleintop-36427a9/" target="_blank">Bio</a></p><p><a href="https://twitter.com/JeffreyKleintop?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank">Twitter</a></p><p><a href="https://www.amazon.com/Market-Evolution-Changing-Financial-Markets/dp/0471769207" target="_blank"><i>Market Evolution: How to Profit in Today’s Changing Financial Markets</i></a>, by Jeffrey Kleintop.</p><p>Markets and Consumer Confidence</p><p><a href="https://www.schwab.com/learn/story/weekly-market-outlook" target="_blank">Charles Schwab Weekly Market Outlook</a></p><p><a href="https://www.reuters.com/article/us-markets-stocks-confidence-rally/gloomy-consumer-confidence-may-signal-stock-rally-idUSN1826701520080619" target="_blank">“Gloomy Consumer Confidence May Signal Stock Rally,”</a> by Herbert Lash, <a href="https://www.reuters.com/" target="_blank">Reuters</a>, June 18, 2008.</p><p><a href="https://www.advisorperspectives.com/commentaries/2020/08/18/confidence-is-everything-3-things-may-shake-it" target="_blank">“Confidence Is Everything: 3 Things May Shake It,”</a> by Jeffrey Kleintop, <a href="https://www.advisorperspectives.com/" target="_blank">VettaFi Advisor Perspectives,</a> Aug. 18, 2020.</p><p><a href="https://www.adv