On this October 31st, 2025 episode of The Gentle Ledger, markets closed the month with a quiet sense of triumph. The S&P 500 rose to 6,840, the Dow to 47,563, and the Nasdaq to 23,725, each marking fresh monthly highs. Amazon jumped nearly 10% on strong earnings and renewed AWS growth, while Apple crossed the $4 trillion valuation mark after solid hardware and services results. Overseas, markets in Asia and Europe followed with cautious optimism, while gold held steady near $4,000, oil hovered in the mid-$60s, and Bitcoin remained calm around $112,000. In tonight’s softly-spoken reflection, we close October’s chapter—a month of resilience, restraint, and quiet confidence—as the markets prepare to breathe into November.