The 7:00's Report is a daily report that provides institutional analysis of critical market events, and is delivered to subscribers by 7:00 AM EST each morning, and readable in 7 minutes or less.
The report is written by Tom Essaye, a former NYSE floor trader and global macro portfolio manager.
Mr. Essaye began his career in trading at Merrill Lynch on the U.S. Listed Equity desk, where he traded equities for clients on the floor of the New York Stock Exchange. While on the floor, Mr. Essaye formulated, implemented and managed execution strategies for multi-million dollar equity trades from some of the largest hedge and mutual funds in the world. Additionally, he also traded multiple special situations for the firm’s clients including mergers, IPO’s, and secondaries.
In the spring of 2005, Mr. Essaye recognized a unique fundamental investment opportunity in the natural resource markets, and joined a natural resource and commodity focused hedge fund. His initial role at the fund was serving as the director of trading, where he traded commodity futures, currencies, and domestic and foreign equities, with a focus on the natural resource equities in the U.S. and Canada. He later became portfolio manager of the energy portfolio, where he invested and traded in energy futures, E&P's, oil service companies, integrated oil companies as well as alternative energy companies.
He currently manages portfolios for multiple qualified institutional investors and runs a proprietary investment fund.
Mr. Essaye is a cum laude graduate from Vanderbilt University with a major in business management and minors in finance and philosophy, and received his MBA from the Hough Graduate School of Business at the University of Florida.