Dr. Michael A. Yoshikami, Founder and CEO of Destination Wealth Management in San Francisco, California, answers the following questions:

- Stocks are increasingly appearing wary, with the “end of Summers” rally giving way to an “autumn of QE” caution.
Investors appear to be tweaking positions ahead of the Federal Reserve’s decision on whether to begin tapering its asset purchase programme.
Is this wariness justified?

- And yet little of this caution seems evident in Asia -- the MSCI Emerging Markets Index has risen 9 percent since late August, almost double the 4.6 percent gain in the MSCI World Index over the same period
Is this improved risk appetite justified, especially when viewed against the better-than-expected economic data out of China and easing tensions in Syria?

- Indeed, the market exuberance is based purely on speculation -- there is absolutely no guarantee that the White House will nominate the more dovish and market-friendly Janet Yellen ..

- Amidst this, investors' love affair with the Eurozone appears to have been rekindled.
Bank of America (BofA) Merrill Lynch reckon that fund managers' allocations to euro zone equities have hit pre-crisis levels.
Are you diverting funds that direction as well?