<p>BOFA: Q4 IS HISTORICALLY STRONG FOR STOCKS<p></p>Bank of America says Q4 is typically the best quarter for equities, with all major indices showing positive average returns. The S&amp;P 500 has gained 2.8% on average, the Nasdaq 100 6.2%, and the Russell 2000 4.6%. Tech leads, rising 80% of the time, while energy and real estate lag. The “Santa rally” often drives December gains, while bonds and commodities follow seasonal trends—yields fall into year-end, oil weakens, and precious metals strengthen.</p>

Bank of America

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Walter Bloomberg