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
Jim Cramer says that when it comes to alarming negativity and ridiculous exuberance, both extremes are wrong; investors need to get real.
Expect two more rate hikes this year, taking interest rates to a range of 1.25% to 1.5%. Morgan Stanley predicts the next one may come as soon as June.