![]() Hotkinkyjo & Asian Girl Elbow Deep Anal Fisting And Footing Pt2 More German Perverts Fisting And Fucking. Hardcore-faustfick Bis Zum Anschlag (fisting) Japan Girl Inserts, Self Fist, Fist, Foot, And Fist And Footīlonde Mature Anal Perverse Fisting Get Shit Out Of Her Troiaįotzenfolter Und Faustfick Cunt Torture And FistingĪmateur Monster Dildos Squirt And Self Fisting 3īusty Mature Get Fisted And Ass Fucked At The PoolĬompilation Of 8 Extreme Insertion And Fist Fucking VideosĪmateur Monster Dildos Squirt And Self Fisting Usa Vintage Classic Fisting Movie Old School Oma Threesome Fist, Anal At Dinnerroom By Fdcrn Grey Haired Granny Fucked Fisted And Facialed Women Fisting Women This Compilation Rocks! Japanese Weird Game Show With Fisting Bmwįisting And Squirt Matures Milf Troia Big Dilco Extreme Bello Duro Per Bene In Fondo Al Culo E SpacĪss Fisted + Dildo Anal Fist Analfisting Assfisting Fisting Goldilocks-5-punch Fisting And Cumming With Two Fists Goldilocks - 6 - A Glass Of Wine Lead To The Complete Bottle Goldilocks - 2 - Double Fist - Fucking, Big Gape, And Greatest Bonk Toy Play Massive Dildo And Double Fisting Loose Pussy The Fed is on the back 9 (and eyeing the 18th hole) of its rate hiking regime and before 2023 is done I expect all those inflation headlines to have given way to the next hysteria, which will be in the opposite direction.Basketball Insertion And Birthing For Loose Ruined Pussy But we have key macro indicators to watch behind the scenes that as of last weekend (NFTRH 748) were not yet sounding alarms.Īgain, I expect Goldilocks to be temporary, maybe very temporary because typically when the Fed halts a rate hike regime that is when troubles brewing beneath the surface tend to bubble up to the surface. With a couple of banks blowing up the word is that the Fed may have finally broken something, as we've been expecting to happen before they even consider stopping the rate hike regime. I am just noting what appears to be in play beneath the broad market's surface. With a market in transition, it pays to look under the surface and be aware of the dynamics in play at any given time. But the leadership chain linked above is well intact and as long as SPX holds the key December low of 3764.49 and Semi and Tech leadership continue, we can keep the Goldilocks rally view alive going forward. ![]() The broad SPX includes multi-sectors, including the banking sector. As is typical of markets, SPX tested the limits of our downside parameters yesterday, amid the banking sector uproar. While many charts within the targeted sector areas are looking prospective, the S&P 500 has been our guide as to when to call it a day on the Q4 (2022) - Q1 (2023) broad rally, at least from a US perspective. Semi is leading Tech, which is leading the broad market which, importantly, has avoided a breakdown through our 'do or die' parameter using SPX as an example. I have been focusing on Semiconductor and key Tech stocks, like the beaten down but growing Cloud security area, for example. Now, while anticipating another transition into perhaps more severe liquidity problems later in the year we are currently managing a relatively pleasant interim phase. We've already transitioned from inflationary to Goldilocks, as anticipated. This post from February 28th updated the chain, which was intact then and remains so today.īut the title begins with "macro transition". Microcosm in this case means shorter-term and interim, whereas the 2013 situation began a multi-year Goldilocks phase. So our chain for the stock market has been a microcosm of the Semiconductor > Tech > Broad ( SPX) chain we used in 2013, beginning with the Semi Equipment sector's ramping book-to-bill ratios. While waiting for the gold stock sector to truly become unique (not quite yet) in the post-bubble environment an honest look at the macro will yield a developing fundamentally positive view for gold mining (details beyond the scope of this article), but also insofar as the macro transition from Goldilocks to deflation has not yet come about, a hell of a lot of quality Tech/Growth stocks beaten down and looking to rally (actually, many have already begun to rally). There is a word for what supply chain and related services are doing and it's called "gouging" by opportunistic entities squeezing the inflation hysteria for all it is worth. Based on the leadership of the Semiconductor sector and Tech, it has been dubbed a "Goldilocks" (inflationary pressures not too hot, not too cold) transition, as inflationary pressures ease (the inflation has come and gone, while it's lagging supply chain and services related effects linger on) and the former inflation trades under-perform. Since projecting the Q4-Q1 broad market rally back in November, we have been managing a macro transition within this rally. Robeo/iStock via Getty Images Our view has been for a macro transition from inflation (past) to 'Goldilocks' (present) to deflation (later)
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