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