Is It Turkey Or A Black Swan?

Will the problem in Turkey become a “Black Swan” sell-off event in the US?  By definition, a black swan event is something that nobody saw coming; and how many of you saw a problem of Turkey’s currency (Lira) for the US?

I discuss that scenario, as well as the terrible volume that led up to Friday’s reversal, in today’s video.

Below is the current situation of the US dollar vs. the Turkish Lira.