Stocks soared higher Monday thanks to a "bad news is good news" rally, several pros said, but strategist Guy Adami doesn't think the party will continue.
U.S. stocks closed more than 1.5 percent higher, with the Dow Jones industrial average climbing about 300 points.
While many believe that recent disappointing economic data, like Friday's jobs report, pushes a Federal Reserve rate hike into next year, Adami, a CNBC "Fast Money" trader and director of advisory advocacy at Private Advisor Group, said the market may even be looking at another round of quantitative easing coming from the central bank.
"If you look at the numbers out of the U.S. and then you look at the numbers out of Europe, I mean they are dismal at best," Adami said in an interview with "Closing Bell."
"If markets are going to rally on that, that's fantastic but that party ends at some point."
"The market has gone up for the absolute wrong reason," he added.