ABOUT US
The trader's-eye view of the market
Hedge Fund Telemetry brings specialized investment content to your fingertips. Our goal is to bring you inside the hedge fund world and offer unique perspectives and insights unlike anything else coming from Wall Street.
Thomas Thornton
MEET THE FOUNDER
Thomas Thornton
Thomas Thornton is a former portfolio manager, senior trader and technical analyst at Level Global Investors and Galileo Capital. His long-running focus on sentiment indicators borders on the obsessive — the kind of pattern-watching that's hard to switch off, on or off a trading desk. He wrote daily market notes for select hedge fund managers before founding Hedge Fund Telemetry to bring that same read to a wider audience.
“Our goal is to add something to your own process through our lengthy market experience, and bring you inside the hedge fund world.”
ABOUT THE COMPANY
What is Telemetry?
The name comes from Formula 1. Race teams stream live data back to the pits throughout a race — tire wear, fuel load, brake temperature — so engineers can tell a driver what to do before it's too late to matter. Tom builds the same kind of feed for markets: sentiment extremes, DeMark exhaustion signals and positioning data, collected from across the Street and turned into a daily read. Distilling a lot of information into actionable changes for your portfolio is the result.
That's the whole premise of Hedge Fund Telemetry — not recycled Wall Street consensus, but the same instrumentation hedge funds already use, delivered as it happens rather than after the fact.
The team behind the notes is made up of current and former buy-side and sell-side people, so what you're reading is shaped by people who've sat where the trade actually gets made.
The edge isn't one indicator. It's knowing how to put the signals together.
Sentiment
Where has market psychology become extreme?
DeMark
Where could a persistent trend be approaching exhaustion?
Price + positioning
Is market behavior confirming — or contradicting — the prevailing narrative?
Macro + cross-asset
What are rates, currencies, commodities and global markets telling us that equities alone may not?
Market internals
Are market internals overbought or oversold? We track historically useful indicators to spot significant inflection points and gain confidence in when to buy or sell markets.
HFT combines these inputs into one actionable view of risk and opportunity.
What we cover
You will always be informed ahead of the market open and during the market open with our notes.
First Call
A brief pre-market note to get you quickly up to speed on what happened overnight and to start your day up to speed.
The Big Picture
Institutional macro research focused on what matters next — not recycled Wall Street consensus.
The Long and Short of It
Our most popular note: the main daily note covering all markets and what is happening in the day.
The Week Ahead
A straight-to-the-point weekend note that lays out everything to prepare you for the week ahead — the most important catalysts and focus.
Daily Sentiment
The best interactive charts incorporating the Daily Sentiment Index data across 45 markets.
Action Note
Simply reviewing our trade ideas.
Ready to get started?
The best hedge fund managers know how important market sentiment is for trading — and Tom is their go-to expert on the analysis that matters.