'The arrogance of the Fed, in my opinion, is unbelievable...the fact that the rest of the world is easing and they want to raise rates tells me that they're still off the rails and making this up as they go along,' he said.

'I think the Fed is hell bent to raise rates simply because they are acutely aware that they may have to lower them 12-24 months from now.'

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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