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The Fed announced the taper of bond purchases will begin this month with $15B and they will also taper in December. Some think the December announcement is slightly hawkish but I think the market just likes certainty so I'm happy they told us December would be the same.

This week we had the pleasure of hosting our friend Jon Aikman, President and CIO of ReSolution Investments, for a broad conversation on the three-lettered acronym that has taken the investment world by storm in the last few years: ESG – Environmental, Social and Governance.

Electricity is an unorthodox commodity. Technically, of course, electricity is a fungible economic unit. One megawatt can be replaced with another megawatt – it doesn't matter whether the electricity in question is generated from a nuclear plant, from a solar panel, or natural gas. Like most commodities, electricity is traded in markets and in just about any quantity.

A recent post on CNBC discussed Bob Farrell's 10-Investing Rules. These rules have withstood the test of time as it relates to long-term investing.

Hindsight is 20/20 and the future is always to a degree uncertain. The same is true when looking at the macro environment whether you are an economist, investor, etc. The current macro environment continues to reside under the COVID-induced cloud of uncertainty, spawning overreactions, underreactions, and misdirection.

For most of the year, uranium prices have trudged along unremarkably. Then, in August, uranium prices went "to the moon". In the span of a month, the uranium spot price surged 70 percent. Prices have since come back down to earth, but as of this writing, are still over 30 percent above their price on August 16th. That is still far below previous spikes in 2008 and 2011, but overall uranium seems to have broken its downward trend.

The global energy crisis is becoming the biggest investment story of 2021. US consumers are uniquely unaffected so far by spiraling prices for natural gas and coal. Crude oil continues to cause some discomfort at the White House, which regularly pleads with OPEC to offset their own policies by increasing supply.

As the end of the third quarter quickly approaches, many market-moving events have started to challenge the frothy valuations not seen in over two decades. From China's regulatory stampede leading to Evergrande's liquidity squeeze to increased treasury yields, the overall market performance has seen some adverse catalysts.