Lucky 13? Does the Singapore Equities Market Move in 13-Year Cycles?
A cursory observation of the Singapore equities market based on the SES All-Share index suggests that the market possibly moves in 13-year cycles with the first cycle being between January 1975 to December 1987 and the second cycle being between January 1988 to December 2000. We find evidence using support from spectrum analysis for this 13-year cycle