Awaiting Bernanke's Comments and BRICS' Evolution

Malcolm E Polley, President and CIO of Stewart Capital Advisors wasn't surprised by pick up in US' housing purchases for March, but can't read from one month if there's a trend in place. Markets are weighed down by concerns that they may not be able to do much better than they already are, as well as commodity cost concerns. To remain directionless until Ben Bernanke's comments are out. Pretty good cross section of earnings this week - to watch out for Ford Motor, Coca Cola and ExxonMobil to gain insight into auto sector and durable goods. Looking at developments in crude oil, Exxonmobil results should pick up. Greece considering extending maturities on its sovereign debt is sensible as its debt service cost is very high. Ultimately, Europe needs to decide what to do with less financially well-off members. He ended with how BRICS can evolve into something that can play a credible role in creating the future. The combined GDP of BRICS (Brazil, Russia, India, China and South Africa) could well eclipse the US by 2014. See omnystudio.com/listener for privacy information.