Bank of America Sees November as ‘Stock-Market Goldmine’ With Tech and Small-Caps Set to Benefit

Bank of America (BofA) forecasts that November 2025 could become a “stock-market goldmine”, citing factors such as easing inflation, cooling yields and robust consumer spending. Historically, the S&P 500 delivered gains in nearly 60 % of Novembers when October closed positive. BofA recommends positioning into sectors like technology, consumer discretionary, healthcare and industrials – also suggesting gold could rise to US$5,000 for added portfolio diversification.