29 April 21 -  Big Tech Delivers, Fed Decision | Summerset Update Global markets were mixed overnight (S&P 500 index -0.08%) as the US market remained flat after the Federal Reserve left interest rates unchanged, saying it would continue to support growth by keep easy monetary policy for "some time" before the Fed's objectives are met. The Fed acknowledged that the economy is improving & that inflation has ticked up but reiterated that they see this as transitory. Earnings season in the US is getting into gear with the heavy weight technology stocks reporting. Google's parent Alphabet shares were up +3%, after reporting better than expected earnings, as revenues rose +34% - its largest growth rate in the last four years. Microsoft shares dipped -2.8% paring Google's gains and holding the broader market back, as despite beating market expectations some of the gains were attributed to PC sales appearing to be covid-19 related an...