Tom Essaye Quoted in Barron’s
All the market cares about is ‘no more further escalation
The VIX Falls Below 30. Latest Iran Headlines Calm the Market’s Fear Gauge for Now.
“All the market cares about is ‘no more further escalation,'” Sevens Report Research’s Tom Essaye told Barron’s. “As things are now, we can live with. The fear is it continues to escalate, and now we’ve got attacks all over the place in the Persian Gulf. And this appears to take the teeth out of that—although it is sort of impossible to figure out what the ‘truth’ is going to be in a few hours.”
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