Financial Markets Report - Transforming Money Into Wealth

Dylan Smith, vice president and senior economist at Rosenberg Research, talks with Financial Post's Larysa Harapyn about why the Bank of Canada should start cutting rates.

U.S. Stock Market And Banks Are About To Be Devastated By Black Swan Event! The U.S. financial sector is experiencing severe problems. Our stock market and banking sector are bracing for an imminent black swan event. Energy prices are unstable, with oil prices fluctuating wildly while shipping costs remain stubbornly high. As these prices fluctuate wildly, a new trading phenomenon is gaining traction on Wall Street. These ultra-short-term bets are gaining popularity and could trigger a black swan event. These issues could initiate a domino effect, leading to a major financial crisis that could devastate the U.S. stock market and banks.