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This 3-hour course provides a comprehensive understanding of how market cycle works and its impact on the equity and bond markets. Be it in the formulation of investment strategies or a broad appreciation of how the various segments of the financial market are interlinked via the common thread of the market cycle, a good and broad understanding of the topic is essential for an investment professional to perform well and advance in his/her career in the investment industry.

Target Audience

  • Wealth advisers
  • Investment professionals in the banking and financial services industry

Course Outline

Economic Growth

  • Trend vs. cycle
  • Trend growth
    • Population growth
    • Productivity
  • Environment that fosters growth

Growth Cycle Fundamentals

  • Business cycle
  • Business cycle duration
  • Interest rate cycle
  • Growth cycle and asset class performance
  • Sector rotation
  • Taylor rule

Economic Indicators

  • Four engines of the economy
  • Most influential U.S. economic indicators
    • Employment reports
    • Personal consumptions and expenditures
    • Durable goods orders
    • Retail sales
    • Industrial production and capacity utilisation
    • ISM
    • CPI/PCE core inflation
    • PPI
  • Reading economic growth
  • Yield curve analysis
    • Intermarket analysis