The path ahead for investors: Strategist looks at the state of world economies and the stock market

The retail sales report for January, which saw higher than expected declines, raised alarms about weakening in consumer resilience. Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to discuss why he doesn't believe this an "outright recession."
Kleintop says consumers are "piling onto credit cards" to maintain spending habits amid high inflation. He notes debt burdens are rising even as the labor market shows some weakening. With the recent wave of lay-offs, Kleintop believes "maybe [consumers] don't borrow as much", making it harder to sustain spending.
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