November is historically one of the stock market's best months. Here's where BofA says to invest.

Core Insights - The stock market is entering a historically strong period, particularly in November and December, with the S&P 500 gaining 59% of the time in November and averaging a 1% increase since 1927 [1][2] - The likelihood of November being a successful month for investors increases during the first year of a presidential cycle, with a 92% success rate for the S&P 500 when it gained in October during such years [2] Investment Opportunities - Tech stocks within the S&P 500 have historically performed well in November, with a success rate of 71% and an average gain of 3.1% [3] - In the small-cap sector, tech, healthcare, and industrial stocks have shown the largest average gains in November and December, each exceeding 6% [4] - Consumer discretionary stocks have led returns in November, with an 80% success rate and an average gain of 3.14% since 1927 [6] - The Nasdaq 100 has been up 69% of the time in November, averaging a gain of 2.47% [6] - The healthcare sector has a historical success rate of 83% in November, with an average gain of 2.52% [6] - Industrial stocks have been up 80% of the time in November, averaging a gain of 3.02% [6] - The Russell 2000 small-cap index has been up 70% of the time in November, with an average gain of 2.64% [6] Market Context - The S&P 500 has risen 38.2% from its April low and is up 17.6% for the year, driven by enthusiasm for AI and optimism regarding future trade deals [5] - Major tech companies have reached significant market cap milestones, with Nvidia at $5 trillion, and Apple and Microsoft both surpassing $4 trillion [4]