ETF Flows Show Money Charging into Cyclicals

Dr. Michael A. Yoshikami, Founder and Chief Executive Officer of Destination Wealth Management in San Francisco, discusses the recent rout in global tech stocks, caution in Asia and Europe markets, IMF's views that there is now only a "substantial decline" in the risk of a renewed global crisis, which developed-market equity markets look the most promising and funds movement into so-called "cyclicals", according to ETF money flows in March.