#259 Hedge Fund Telemetry's Thomas Thornton On The Biggest Macro Risk That Could Trigger Panic Buttons

Tommy Thornton, founder and president of Hedge Fund Telemetry, returns to The Julia La Roche Show to discuss the volatile market conditions of 2025 . He examines bond market risks, highlighting concerns about rising treasury yields and potential systemic impacts if rates break key levels. Thornton analyzes tariffs, the Fed, tax cuts, the national debt, and the probability of a recession.

Sponsors:

Monetary Metals. https://monetary-metals.com/julia

Kalshi: https://kalshi.com/julia 

Links:

https://www.hedgefundtelemetry.com/

https://www.x.com/tommythornton

Timestamps:

0:00 - Introduction and welcome

1:44 - Market volatility conditions in 2025

3:51 - Comparing Trump 1.0 vs 2.0 economic challenges

6:16 - Bond market risks and treasury yields

8:40 - Tariffs impact on retailers and consumers

10:46 - Federal Reserve's stance and labor market focus

14:54 - Potential spillover effects from bond to equity markets

18:22 - Technical analysis deep dive with charts

24:53 - Overbought market conditions indicators

27:40 - Wave analysis and market pattern predictions

35:26 - Gold market analysis and trading approach

43:34 - Recession outlook and economic projections

46:31 - Stagflation risks and Fed response

49:07 - Tax cut challenges in current deficit environment

54:55 - Closing thoughts and investment advice