Market Cycle Analysis and Positioning

About This Course

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.

Who Should Attend

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

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

Ng Lye Heng


Lye Heng possessed 13 years of working experience in the banking industry and is a derivative specialist. He started his banking career in the early 1990s and held roles as principal derivative trader and product structurer. He traded derivatives on stock indices and fixed incomes in global financial markets, spanning Tokyo, Hong Kong, London, New York and Chicago. He concluded his career in the financial industry by managing market risk on the global trading book of a local bank.

In 2004, Lye Heng set up Salmon Thrust, offering training and consultancy in the areas of Investment, Treasury and Wealth Management. Clients include various global banks such as Citibank where he conducted a series of comprehensive investment workshops for the 200-odd relationship managers based in Singapore. To date, he has provided learning solutions across a variety of products and wealth management topics encompassing thousands of seminar delegate-days both in Singapore as well as in China. Lye Heng has also been a CFA trainer since 1999 and CAIA trainer since 2009.

Lye Heng holds a Master's degree in Social Science (Applied Economics) from National University of Singapore, and a Bachelor of Business degree (Financial Analysis) from Nanyang Technological University. He is a CFA, CAIA, and FRM. He also graduated from the MIT-Fintech certification program and has been advising several Fintech start-ups in Singapore.

Lye Heng is the author of 3 IBF-accredited FTS online Fintech courses “Understanding Fintech”, “Technologies Behind the Bitcoin and its Blockchain”, and “Analyzing Bitcoins and Other Cryptocurrencies”.

The Financial Training Scheme (“FTS”)

The Salmon Thrust CPD Series is aimed at raising the competencies of Covered Persons. This course is recognised under the IBF Financial Training Scheme. Completion of this course can be counted towards the fulfilment of the non-STS portion for CACS CPD.

The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.

All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Funding Support for IBF FTS, please visit the Financial Training Scheme site.

Early Bird Discount

Enjoy 10% early bird discount when you register one (1) month before the course commencement date.

Market Cycle Analysis and Positioning


Course Features
  • Duration
    1/2 Day
  • CPD
    3 Hours
This course is offered for our on-site corporate classroom training.
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