Times & tides for making money...
2020: Sell all assets, buy Indian equities and sit at home. As you can’t go on vacation in COVID 😜
2024: Buy Bonds & FD, sit tight
2025: Buy Gold & Silver
2026: Sell your silver, FD & Bonds. buy quality Indian small/midcap & go on vacation.
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So Donald was not able to pump #bitcoin
It has dropped now from 70k
This is dollar bullish
Which means this is $SPX bullish
We are seeing low formation in s&p500
Now 5430
$Es $nq $spy $qqq $spx #es_f
@DGCAIndia@RNTata2000@airindia@MoCA_GoI@RamMNK
A complete case of apathy and bad consumer redressal from Air India. A simple query not being resolved for more than 30 days. Request your intervention. Screenshots of my follow-ups with Air India below. 1/2
@TicTocTick Tic, I am new subscriber but old follower … I follow many furus on X but no one, NO ONE, is even closer to you .. in views, in simplicity, in clarity, in picks … just awesome. Pls stay here.
Frankly I don’t wanna post any more since now we have too much newbies everywhere
I am gonna take my 40 old followers (March 2020 or older) and go private
Indicate interest by anonymously liking if ur an older follower (anyone lying will be blocked).
#SPX almost instantly gave up the tame #PPI driven upswing, Nasdaq didn‘t shine as brightly as into #FOMC, and consumer discretionaries weren‘t enthused either. I take it as a sell the news reaction following sharp weekly gains in both indices – it would be too early to fear deflation or job market coming apart at the seams as this tweet sums up. In reading the economic tea leaves of when the Fed would actually cut and how many times this year (once or twice, the FOMC members are almost evenly split), Treasuries are being bought regardless.
It was the 30y #Treasury auction (4.63% prior, but 4.40% achieved yesterday) that calmed down markets, providing for a decent retracement, apart from Russell 2000 of course. The Fed is simply in no hurry to cut (thankfully not about to raise), but I think Sep is the month they actually would.
Just like I revealed yesterday the #CPI and FOMC expectations, I‘ll today quote yesterday‘s premium PPI predictions with the rationale plus market reaction takeaways.
(…) The PPI prediction … finished … with „The inflation on the back burner theme would be reinforced by tomorrow‘s PPI interpretation, sending stocks and precious metals higher.“
CPI really came on the low end, and when for now corporate earnings don‘t disappoint, profit margins are good, but revenue is struggling, that means that input costs aren‘t rising too steeply. If you look though at latest hourly earnings, these are up, above expectations, so that results in more of a PPI opportunity to surprise on the downside today, which would be greeted with Nasdaq led upswing continuation applying to S&P 500 as well.
Today‘s wildcard has been #BoJ announcing Jul plans to start reducing bond purchases, which only served to push Treasuries even higher, precious metals catching some more bid following the pre-Treasury auction slide yesterday, and yen to weaken before it returned to its starting position of weakness.
Given the significant developments in #preciousmetals technically, today‘s free analysis features a lot of #silver coverage.
Much Telegram and Twitter live commentary follows as always.
See continued #yields pressure to go higher since I called the range respite in Mar as giving way to a fresh upleg in yields.
#stocks made it far considering Friday‘s tiny blip on the chart with short-term yields keeping the full heat on.
@ramgoyal1975 Sure these are important milestones, and I'll write a bit later about #FOMC Powell tone expectation.
Have #yields turned the heat off, are they done rising?
There is more in this upleg.
$TLT $TLH
See continued #yields pressure to go higher since I called the range respite in Mar as giving way to a fresh upleg in yields.
#stocks made it far considering Friday‘s tiny blip on the chart with short-term yields keeping the full heat on.
@DannyDayan5 Yeah. i guess a lot of shorting this week, esp after yesterday data so today's comes in "lighter" than expected and there is rush to cover. Also weekend risk i guess. Whatever
Umich inflation expectations come in hotter than expected for final reading. 3.2% for 1 year, 3% for 5-10 years.
Yes, its a crappy survey. Yes, its only 600 people. But the Fed has said they watch it and so it's harder to make the argument that inflation expectations are well anchored when they continue to move up and are above 3%
#gold caught up Fri following Thu rest, and even at these high levels, there is more upside left before taking a breather and correcting.
#miners support the upswing amply, and #silver is playing catch up just as it should (not only #copper is on a fine inflation driven upswing).