Friday Investment Talk: Black Friday and Turkey

Markets sold off on the day after Thanksgiving in the US. What is typically a bullish period for the markets proved an undoing. The markets had their worst day of the year in 2021 and the worst Black Friday since 1931.

Turkey is suffering an economic meltdown that is spreading to civic unrest. The lira dropped precipitously in the last few days as a government plan to increase lending backfired.