While many investors are anticipating that the Federal Reserve
will raise interest rates sometime this year, one pro thinks the
central bank will need to do another round of stimulus in 2015.
Scott Shellady, senior vice president at TJM
Investments, said there are several things telling him there is
something wrong with the economy, like low bond yields, copper prices
and plunging oil.
"What I see is an economy with record low 30-year
interest rates. We can't kick-start our housing market. We spent over $3
trillion of the balance sheet to buy 2.5 percent growth and absolutely
no inflation," he said an in interview with "Closing Bell."
"I'm wondering if we have any faltering this
summer or this spring with what's happening in Europe and Asia with
China and Japan, where is the strength in the economy going to
come from
to get us out of this situation."
Read More Market madness started with end of Fed's QE
The Fed ended its bond-buying program, known as
QE3, but has kept its policy rate near zero. It's anticipated that the
central bank will begin to raise interest rates this year, although some
think it could be pushed back.
"Let's say they do try to hike rates, which would
be a mistake … and we could put the brakes on everything just with one
little rate hike that they think that they should do rather than need to
do," Shellady said.
A closer look at economic data shows wages were down and more manufacturing jobs were being lost, he noted.
"We can't keep the rest of the world afloat. The rest of the world is probably what's going to bring us down."
Read MoreMarket to European Central Bank: QE size matters
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