M&A says sell on strength ahead of Fed’s QE announcement

KUALA LUMPUR: M&A Securities Research is advising investors to adopt a “sell on strength” strategy ahead of the expected announcement (at 2am local time) by the US Federal Reserve of its plan to unwind its quantitative easing measures.

M&A says the five QE measures by the Fed, beginning with QE1 in December 2008-March 2010, has pumped in a whopping US$3.802tril into economy – quite a bit of which has flowed to emerging markets.