Week Ahead, Worst Month Since March | CSL Update Global markets were lower on Friday (S&P 500 Index -1.2%) as US equities closed out their worst week and month since March. The backdrop of a second wave of COVID-19 and fresh lockdowns in Europe and now the UK, mixed earnings from big technology companies and this week's Presidential election has investors on the side-lines. In contrast to global markets, the New Zealand market has remained remarkably resilient, ending the month up +2.9%. The Nasdaq technology index dragged the US market lower as Twitter plunged -21% after posting its slowest user growth in years and warning uncertainty around the election could compress ad spending. Apple shares dropped -5.6% after reporting weak iPhone sales while shares of Facebook, Amazon, Tesla and Netflix all declined by more than -5%. Google’s parent Alphabet bucked the trend and rose 3.8% after reporting 3rd quarter profit ahead of analyst estimates. As we touched on last week, the expectation bar was set high for Technology sto...