According to research from Bank of America, November 2025 may herald one of the strongest months for U.S. equities, thanks to easing inflation, falling yields and robust consumer spending. The bank points to technology, consumer-discretionary, healthcare and small-cap sectors as key beneficiaries. The historical data show when October ends positive, November tends to deliver gains more than 90% of the time. Still, strategists flag risks such as commercial-real-estate stress, job-market softness or global disruptions.