In tonight’s episode of The Gentle Ledger, we drift through a calm close to the week as the Dow, S&P 500, and Nasdaq all rise gently on December 5th, 2025. We explore how retail names like Ulta Beauty and Victoria’s Secret surged, while major tech stocks such as Broadcom, Microsoft, and Amazon added quiet strength — contrasted with softer moves from Nvidia and Apple. Overseas markets in Asia and Europe moved with a similarly subdued rhythm, responding to shifting economic expectations. In commodities, we touch on steady oil prices, a soft pullback in gold, and a slight uptick in Treasury yields. Crypto cooled into the weekend, with Bitcoin slipping under $90,000 and Ethereum holding near $3,200. The episode closes with a reflective outlook on inflation data ahead and the early signals of holiday spending. A gentle, grounding recap for anyone ending their day with clarity and calm.