1. S&P 500 historically gains 4.6% in midterm election years since 1948. 2. Second-term midterms show average S&P 500 gains of 8% to 12%. 3. Volatility before elections may present buying opportunities for stocks. 4. S&P 500 target set at 7,500, reflecting optimistic market expectations. 5. Concerns over AI valuations may hinder short-term market performance.