Tom Lee, Mark Newton: Good News Is Bad News for Stocks Right Now

Fundstrat's Tom Lee points to market psychology, while Mark Newton explains why strong growth is creating volatility. Strong economic growth is making investors nervous because it keeps upward pressure on rates, with swaps pricing roughly a 70% chance of an October Fed hike.
Newton says that if those odds move toward 100% and the Fed fails to deliver, the market could sell off and volatility would rise.