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.
The Big Picture is a portfolio-level decision framework for investors who need to understand where markets are fragile, where positioning is crowded, and where risk/reward is asymmetric before the headlines catch up.
Who is the Big Picture designed for:
The Big Picture is designed for the allocator, the long-term serious investor, and the professional who needs to understand the primary structural trends in the markets. If you are looking for 0DTE options alerts or 5-minute scalp trades, this is NOT for you.
- Institutional macro research focused on what matters next — not recycled Wall Street consensus.
- Portfolio-level thinking built for hedge funds, mutual funds, RIAs, family offices, professional traders, and sophisticated investors.
- A Monthly note deep-dive reports covering equities, rates, credit, commodities, FX, liquidity, and positioning.
- Interim updates during major market events, volatility spikes, or important DeMark and sentiment triggers.
- Proprietary sentiment and DeMark analysis designed to identify major market inflection points and exhaustion signals.
- Macro Scoreboard and Market Fragility frameworks tracking inflation, growth, liquidity, risk appetite, and market stress.
- Cross-asset analysis connecting stocks, bonds, commodities, currencies, and volatility into one actionable framework.
- Positioning and crowding analysis focused on where markets are most vulnerable to sharp reversals or squeezes.
- Focus on risk management, asymmetric opportunities, and separating durable trends from crowded narratives.
- Direct institutional-style market insight from Tom Thornton and Hedge Fund Telemetry’s proven process-driven framework.
Get Clarity
Select your Big Picture term below and continue to checkout.
Market Noise Does Not Help You Allocate Capital Better
What Most Investors Get
- Headlines
- Analyst opinions
- Economic data dumps
- Social media commentary
What Serious Investors Need
- Macro regime clarity
- Technical exhaustion signals and turning points
- A forward roadmap for portfolio decisions
Markets do not break or extend because of headlines alone.
They move when liquidity, positioning, and exhaustion signals collide.
That is the focus of The Big Picture.
Two Layers That Matter Most
The Big Picture strips market complexity into a decision-ready framework built around the signals that drive portfolio outcomes.
What investors are saying about The Big Picture
As a long-time Hedge Fund Telemetry subscriber, I find Tommy’s analysis to be an excellent mix of technical indicators, sector-specific trends, and broader market overviews. The morning and daily notes are produced with current, real-time data, so I can rely on them to inform my trading decisions. Tommy is also very transparent about his analysis, sharing when his convictions don’t play out as projected and adapting to changing market fundamentals and structure. Hedge Fund Telemetry and the new Big Picture note are great tools for any trader or investor.
In my experience, the key to understanding financial market moves lies in grasping the macroeconomic context in which we are operating. Hedge Fund Telemetry’s Big Picture helps provide that context.
SAMPLE INSIGHT
What’s Included Every Month
| Feature | Included | Why It Matters |
|---|---|---|
| Executive Macro Summary | Yes | Frames the market environment quickly |
| The 10 Charts That Matter Most | Yes | Focuses attention on the signals worth watching |
| HFT Macro Scoreboard | Yes | Provides a structured monthly macro read |
| Market Fragility Index | Yes | Shows where instability may be building beneath the surface |
| 12-Month Market Roadmap | Yes | Supports longer-horizon positioning decisions |
| Market Structure & Leadership | Yes | Shows what is actually driving the tape |
| DeMark Sequential & Combo Signals | Yes | Helps identify potential exhaustion and turning points |
| Global Markets & Commodities | Yes | Keeps the macro context broad and actionable |
| Major Investment Themes | Yes | Highlights opportunities that may lead the next cycle |
| Interim Monthly Updates | 1–2 notes | Keeps the framework current as conditions evolve |
For Investors Who Think In Portfolios, Not Trades
Understand the Cycle. Position Ahead of It.
Markets reward investors who see the regime before the crowd does.
Each month The Big Picture helps you see:
- where macro forces are pushing markets next
- where fragility is building beneath the surface
- where the next asymmetric opportunities may emerge