24 September 2020: RBNZ, A Choppy Session  |  Kathmandu Result Global markets sold-off overnight (S&P 500 Index -2.4%) with all three major Wall street indices falling sharply without a clear catalyst. There hasn’t been much fresh news to drive the markets, so the fall is just a continuation of recent themes, including the worrying increase in COVID-19 cases across Europe and, to a lesser extent, the US which threatens the nascent economic recovery. At the same time the stalemate in Congress over more fiscal stimulus remains unchecked. All major sectors were down lead by energy which has been the worst performing sector this year, reporting its worst session since 9th of July, followed by Tech sector which was also heavily sold-off. Marketing darling Tesla Inc  tumbled -10.3% after Chief Executive Elon Musk failed to impress with his promise to cut electric vehicle costs at the company's much-awaited "Battery Day" event o...