CFA UK and The Macro Institute pathway: How to invest around the business cycle (2 of 3)

Wednesday 28 January 2026 | 13:00 - 13:50 | Webinar

 Building on the foundations laid in the first webinar Macro forecasting 101 (14 January 2026), this second webinar in the series equips investment professionals with the tools to translate macroeconomic insights into actionable investment strategies. 

Delegates will learn how to identify inflection points in the business cycle using key data relationships, and how to align sector exposures and factor tilts with each phase of the cycle. From early expansion to late contraction, delegates will explore which areas of the market tend to outperform—and why. 

What you'll learn: 

• Explain how different phases of the business cycle influence stock market performance and investor behavior.
• Analyse the relationship between leading economic indicators (such as PMIs) and equity market returns, particularly during market inflection points.
• Analyse the relationship between macroeconomic indicators and sector performance, both in domestic and global markets.
• Apply sector classification frameworks to make informed decisions on sector rotation and asset allocation.

Who should attend: 
This session is ideal for portfolio managers, analysts, and strategists looking to sharpen their macro-driven investment approach and stay ahead of market shifts. 

You can also book on to the other thee events in the series:
- 14 January 2026 -  Macro forecasting 101 (1 of 3) 
- 11 February 2026 - How to master stock selection (3 of 3) 

Registration: 12:55
Event: 13:00 - 14:00

Click here to view our event terms and conditions.

François Trahan
François Trahan is an economist by training with a master’s degree in finance and econometrics. He is widely praised for his differentiated insights into the drivers and dynamics of the marketplace and his unique understanding of the business cycle. In 2016, François was inducted into the Institutional Investor All-America Research Team Hall of Fame after placing first in Portfolio Strategy for ten of the previous 12 years. He has also ranked for Quantitative Strategy.

François is currently President and founding partner of The Macro Institute – a firm dedicated to macro research and education. Previously he was a Managing Director at UBS where he led the U.S. Portfolio Strategy effort, and prior to that he was a founder and managing partner of Cornerstone Macro. Before that, he was Vice Chairman of Wolfe Trahan & Co., Chief Investment Strategist at International Strategy and Investment Group (ISI), and the Chief Investment Strategist for Bear Stearns & Co. Earlier, he worked for Ned Davis Research and the Bank Credit Analyst Research Group.

François received undergraduate and graduate degrees in economics from the University of Montreal. Along with Katherine Krantz, he is the co-author of "The Era of Uncertainty: Global Investment Strategies for Inflation, Deflation, and the Middle Ground," published by Wiley & Sons in August 2011.