with the Dow Jones Industrial Average and S&P 500 both ending the day at record highs. The US markets got a boost afterwhich he describes as those making under $50,000. He points to the difference between the"emotional reality" and the economic reality, saying,"The economy has been moving at 90 miles an hour. We're slowing down to 50. It feels like you're standing still, but you are really moving five times faster than you can normally walk.
Let's see where the major averages ended the session here because it was kind of a little bit of a bouncer around, especially for the dow looks like it's finishing higher by that 84 points about 1/5 of 1% when all was said and done. Uh Visa on that news that we just talked about the Department of Justice suing the payments platform alleging unfair monopoly practices.Of course, that developing story, Josh, all right, Julie Mattis gains on Wall Street but it's enough for new records for the Dow and S and P 500 joining us now is Dryden, Pence, Pence Capital Management, Cio Dryden.A couple of interesting storylines, disappointing consumer confidence, the news out of China.
And we're looking, we're, we're moving into a rate lowering environment, what ought to, ought to be a creative earnings and that's what's driving the market. And then probably next year you may have one a quarter looking at how that is gonna go, looking at how the economy is gonna go.We wait and see, we make a move, we wait and see because I think they wanna make sure that we, I mean, if you think about fed gymnastics, they stuck the landing now they don't wanna screw it up.
So you have one company that has this monopoly on the equipment that's necessary to, to build what drives everything forward. Um 11 element that I think is new this week from Trump is a real focus on specific companies and that's obviously of interest to investors yesterday.As you heard in that clip on automakers, he would do 200% tariffs on John Deere product if they move to Mexico.So he's, he's talking more about specific companies as kind of a name and shame strategy to say I will do tariffs directly on you, which I think we'll see if that's a trend that keeps going.
And if you think about the trajectory of tiktok music, this is an experiment that really started back in 2019 when by dances music streaming service. But if they're uh uh verdict, if, if that comes in and the judge says no more, Tik Tok, that's gonna have ramifications across the industry.Well, coming up KB home now with its latest earnings, shares are under pressure, we'll get you those numbers when market domination overtime returns.So that is a miss on the bottom revenue 1751.75 billion versus 1.73 billion.Um look like the call now for 6.85 to 6.95 billion, they had seen 6.7 billion to 6.9 billion worth keeping in mind.
And I think really if there was a message I could share, there is no trade off between purpose and profit, there is no trade off between sustainability and good business. So I wonder from your perspective, if you are seeing um as much interest from clients and as many sustainable uh investment opportunities out there in the past couple of years.I think the difference here is we really need to start to depoliticize the issue.
Well, there's no doubt that on a pure scale basis, China is clear, the leader, China manufactures around 90% 9 0% of the world's solar panels.They're going to install about the same this year. Um Is that going to give an extra lift to some of these types of investments that you're talking about there, whether it's solar panning, manufacturing or say electric vehicles, for example.
Um Something else I wanna ask you about without getting too in the weeds here, Trevor is that you guys sort of tried to update your framework about how you're evaluating these companies.But you're also looking at some more quantitative uh metrics here and again, without getting too wonky if I'm an investor and I want to look for sustainable uh opportunities.I, I think one of the basic things is looking at what part of the economic cycle you're in.
But certainly if you're in a more defensive area, we found many opportunities and industrials and materials that all companies that truly have sustainable goals uh but are are actually a more defensive place in that sense.Miron is going to be reporting results for the fourth quarter after the close and expect the copy report in line results for Q four and sales tail winds as NVIDIA ramps up its H 200 GP U production moving over to housing.
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