Stocks are up, yields are down, and the yen is falling fast after the surprise resignation of Japan’s prime minister. But Tommy Thornton, founder of Hedge Fund Telemetry, is cautious. In this episode of Talking Markets, Tommy joins Maggie Lake to explain why he’s not chasing gold and silver here, which commodities he likes, and what he wouldn't touch.Plus: his latest read on rates, the Mag 7, risk-on sentiment, and why it pays to think like a contrarian when markets get frothy.Don't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with us on Substack: https://themarkethouse.substack.com/Connect with us on Twitter: https://x.com/the_markethouse*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.

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“What did the council decide on item 42?” — answered with the speaker and the moment.