The same is true for the banking stocks and the financial sector. Some meaningful headwinds like higher mortgage rates, a spike in the price of oil and the persistent rumors of a global slowdown linger on.
TheStreet's Jim Cramer commented on Wednesday about the current interest rate scenario and what may be on the horizon. His view is a temporarily disturbing one that holds true for all the big-name, dividend-paying stocks.
He wrote, "I think it says interest rates are still going higher and today's climb back up is for real. These stocks
IYG has had a breath-taking 10-month rally from November 2012 to the peak earlier this month. The same could be said for the three largest holdings, as illustrated in the one-year chart below. WFC data by YCharts
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