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AI Investment and Cooling Yields Fuel Equity Rally Entering November
AI gains and falling yields push equities higher, though credit and labour risks linger.
Global equities are benefitting from strong AI-sector performance and easing yields, raising hopes for one of the best months of the year. According to Bank of America, sectors such as technology, consumer discretionary and small-caps could outperform in November, especially given current momentum. Markets are nonetheless wary of headwinds such as job-market softness or credit stress that could derail the rally.