On International Market Watch Dr. Michael A. Yoshikami, Founder and CEO of Destination Wealth Management in San Francisco discusses:

- rising confidence leading to rising valuations

- not a confidence driven bull run

- correction possible but no significant pull back

- new Fed president could pose a risk to market depending on who is appointed

- BOE and forward guidance

- Europe not out of the woods

- Emerging Markets could be good value

- Look for stabilisation in data from China

- local consumption sectors safer than manufacturing and industrial