Bank of America research noted that November has historically delivered above-average returns for U.S. equities and that a favourable seasonal pattern could play out in 2025. The bank points to easing inflationary pressures, stabilising bond yields and resilient consumer spending as factors that may support a broad market advance. Analysts highlight sectors such as technology, healthcare, consumer discretionary and small-caps as potential beneficiaries if corporate earnings remain solid. Portfolio managers are watching macro prints and earnings to confirm whether seasonal momentum can translate into sustained gains.