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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.

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THE BIG PICTURE

Institutional macro research focused on what matters next — not recycled Wall Street consensus.
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Daily Note

A midday note that covers all macro markets with an emphasis on US, European, and Asian equity markets.

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The Week Ahead

A straight to the point weekend note that lays out everything to prepare you for the week ahead with the most important catalysts and focus.

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Daily Sentiment

The best interactive charts incorporating the Daily Sentiment Index data with 45 markets.

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Trade Ideas

Actionable long and short ideas focused on US equity markets and major most liquid ETFs.

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View how-to guides and get answers to product questions.

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Latest Posts

Five Things today

Five Things today

Five Things today To access this post, you must purchase Small Institutions, Retail, Private...

First Call March 18, 2026

First Call March 18, 2026

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One Trillion Dollars

One Trillion Dollars

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First Call March 17, 2026

First Call March 17, 2026

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Weird Day

Weird Day

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First Call March 16, 2026

First Call March 16, 2026

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First Call April 13, 2026

First Call April 13, 2026

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Friday Bullet Points

Friday Bullet Points

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First Call April 10, 2026

First Call April 10, 2026

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Raising the bar higher

Raising the bar higher

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The Big Picture

Cut Through the Market Noise with Institutional-Grade Macro Conviction

An intermediate-term roadmap for equities, bonds, currencies, and commodities built on sentiment extremes/trends, DeMark exhaustion/reversals, and cross-asset positioning.

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World-Class Hedge Fund Research & Services

TO GIVE YOU AN INVESTING EDGE

Meet Thomas Thornton, founder of Hedge Fund Telemetry. You will have unprecedented access to customized research and information from well-known firms and figures in the industry. Our goal is to bring you inside the hedge fund world and offer you unique perspectives and insights unlike anything else coming from Wall Street.
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A Look Inside

OUR EXCLUSIVE CONTENT

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.

MID MORNING NOTE

An actionable look at whats happening shortly after the market opens with trade ideas, DeMark screens, and more. Out around 11am EST.

DAILY NOTE

A midday note that covers all macro markets with an emphasis on US, European, and Asian equity markets.

SENTIMENT CHARTS

The best interactive charts incorporating the Daily Sentiment Index data with 45 markets.

THE WEEK AHEAD

A straight to the point weekend note that lays out everything to prepare you for the week ahead with the most important catalysts and focus.

TRADE IDEAS

Actionable long and short ideas focused on US equity markets and major most liquid ETFs.

WEBINARS AND CHARTBOOK

  • Webinars include updated real-time live analysis over specific markets
  • Monthly and sometimes bi-monthly overview with Erlanger Research to discuss current short interest data
  • Educational webinars to discuss how to use a particular market indicator such as the DeMark Sequential or how to interpret and use the Daily Sentiment Index data
  • ChartBooks are brief actionable webinar videos that quickly zip through annotated charts of a sector, a group of markets, major ETF’s (30 seconds per chart)

Unlocked Notes

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Level Global Investors Hedge Fund

I was fortunate to have Tom as my trader for nearly 10 years. His ability to follow markets and note divergences and extremes across several asset classes was of tremendous  value.
He has since expanded his repertoire and now brings it to a broader audience through this new product.

~David Ganek~
Founder

Ocean Square Asset Management

Thomas Thornton is a seasoned hedge fund trader who has seen it all.  He understands the markets and how stocks discount information. His Hedge Fund Telemetry note is one of the best sentiment and technical daily communication newsletters I receive.

~Edward Dowd~
CEO

Real Vision Group

Tom Thornton is the real deal – he had a successful hedge fund career and now advises many of the world’s most famous hedge fund managers. The best hedge fund managers know how important market sentiment is for trading and Tom is their go-to expert on the market sentiment analysis that matter.

~Raoul Pal~
CEO/Founder

Best HFT daily

I have to admit I spent a bit more time reading your piece today as there was so much good
stuff in it. Best HFT daily so far!

Great commentary today

Great commentary today! I don’t usually follow the charts as I’m not a short-term (or even swing) trader, but for a “technical” guy you write really terrific fundamental things… Thanks

Retail Advisor/RIA

I am a retail Advisor/RIA for past 20 years and at times has been extremely tough for me but I truly love the markets and greatly respect the responsibility my clients bestow on me. I have learned a lot and grown the most over the past couple years, a big part has been because of your service and Real Vision. Making available amazing data, research, thinking….etc for a price I can afford and very fair

Market commentary

I wanted to thank you for your product. I have spent around 10 years in Commodities across banks and trade houses and this is by far the best piece of market commentary I have seen. I was familiar with Demark before your product but the way you incorporate it into your strategy has left me with a lot of food for thought.

Investor

I just wanted to say thanks for the great call on the GBP a few days ago. I was short some pairs and getting concerned and then saw your note on the red 13 and sentiment and decided to hang with the trades. Nice reversal! I really appreciate your service and that you cover the waterfront from stocks, to currencies, bonds and commodities. I like to take trades in all these areas and nobody else I know is as helpful as you are on a consistent basis, day in and day out. That’s a big deal for a small investor like me. Thank you!

Private Investor

I would like to congratulate you on the offering you have built. I find it extremely valuable and as a private investor I am sure that it will become one of my go-to services.

Private Investor

I would like to congratulate you on the offering you have built. I find it extremely valuable and as a private investor I am sure that it will become one of my go-to services.

Good Stuff!

Tom nice call Bitcoin. You’ve had some solid calls since I initially saw your Tweets and subsequently subscribed to your service. Good Stuff!

Keep up the great work!

Thanks for you for your continued great council. My clients (met) equity exposure was 12%, with 30% cash. We avoided the biggest downside move in my career. Keep up the great work!

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The best hedge fund managers know how important market sentiment is for trading and Tom is their go-to expert on the market sentiment analysis that matters.

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