The Julia La Roche Show #259 Hedge Fund Telemetry's Thomas Thornton On The Biggest Macro Risk That Could Trigger Panic Buttons
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May 20, 2025 Tommy Thornton, founder of Hedge Fund Telemetry and former senior trader at a major hedge fund, dives deep into the volatile market landscape of 2025. He discusses the rising risks in the bond market, particularly the impact of increasing treasury yields. Thornton weighs in on the role of tariffs and the Federal Reserve's strategies amid fears of recession and stagflation. He also offers insights on gold investments and critiques traditional trading strategies in today's fluctuating environment.
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2025 Market Volatility Insight
- 2025 markets show extreme volatility driven by political and economic uncertainty.
- Rising US debt and treasury yields create systemic risks unseen in earlier Trump administrations.
Bond Market Stress Risks
- Bond market stress risks include frozen housing and bank capital holes from previous long-duration debt losses.
- Most bond investors have lost money on long-term bonds due to rising yields, raising panic risks.
Volatile Market Sentiment Swings
- Extreme volatility has induced rapid swings in sentiment and positioning among investors.
- Oversold market conditions previously offered strong bounce opportunities in 2025's choppy environment.