Tom Essaye is the founder and president of Sevens Report Research.
He began his career on the floor of the New York Stock Exchange for Merrill Lynch’s Institutional Equity Trading division, where he regularly traded multi-million-dollar orders for some of the largest mutual funds and hedge funds in the world.
In early 2005 Tom left the floor of the NYSE to join an associate in starting a global macro hedge fund focused on investing in commodities and natural resource equities. At the fund he was responsible for all trading execution and in charge of the firm’s research and analysis team.
The fund made highly successful investments in precious metals, agricultural commodities, energy and natural resource-related equities – placing initial long positions in gold below $500/oz., silver below $7/oz., corn below $2/bushel and buying shares in then little-followed equities such as Silver Wheaton, Newmont Mining, Cameco and EOG Resources. The fund also began investing in mining and resource companies in both Canada and Australia, as growth in the sector continued through the mid-2000s. Ultimately, half of the fund’s exposure was allocated to international equites.
In 2007 Tom was early to realize the potential of shale drilling and began allocating heavily to natural gas producers and energy service companies that specialized in the new frontier of fracking and horizontal drilling.
During his time as a money manager, Tom experienced the information overload that many investment managers and financial advisors experience. It was a search for accurate, unbiased, yet succinct market analysis that led him to launch the Sevens Report.
Today thousands of financial professionals read Sevens Report Research products each day. Tom’s mission is to make sense of daily market moves so that advisors, brokers, traders and self-directed investors can make better investment decisions based on better research and analysis.
Tom Essaye has earned a national reputation for his no- nonsense, straight-forward view of the market. He is a frequent guest on CNBC, Fox Business and Yahoo Finance and is widely quoted in the Wall Street Journal, Barron’s, USA Today, Seeking Alpha, NASDAQ and Bloomberg. He is a graduate of Vanderbilt University and received an MBA from the University of Florida.