We’re proud to feature Rocky Malloy on this week’s Murphy’s Market Minute. Rocky is a former U.S. Merchant Marine Commander whose life was transformed after a series of extraordinary, near-death experiences led him to faith. Today, he leads the National School Chaplain Association, bringing chaplaincy, hope, and spiritual support to students across the U.S. and around the world. Rocky is joining us in Kansas City this week—and he’ll also be starring in our newest episode of Backseat Ballers. Markets are heading into the holiday on a strong note, with all three major indices firmly in the green today. It’s been an impressive stretch overall, capped by a standout performance from the Nasdaq, which is up nearly 4.5% for the week. The rally is fueled by rising optimism around a December rate cut. According to the CME FedWatch Tool, investors now assign an 82.9% probability to a 25 bps cut at the December 10 FOMC meeting—up sharply from just 30.1% last week. On the economic front, inflation continues to cool. PPI rose 0.3% MoM in line with expectations, while Core PPI came in at a softer 0.1% versus the 0.3% forecast—further evidence of disinflation taking hold. Consumer sentiment, however, weakened sharply. Consumer confidence fell to 88.7, well below expectations and the lowest reading since April. At the same time, initial jobless claims dropped to 216,000, the lowest since April and below the 225,000 estimate—signaling continued strength in the labor market. After a strong Q3 earnings season and rising expectations for rate cuts, we remain constructive on equities heading into year-end and into 2026. Short-term volatility is always possible, but the broader outlook continues to lean positive.