• AI spending poses a greater immediate risk to stocks than midterm elections, as investors demand returns that justify capital expenditures.
• The S&P 500 rose in the 12 months following every midterm election from 1946 through 2022, averaging roughly 15%.
• Elevated valuations could limit another post-election rally, with the S&P 500 still up about 10.7% in 2026.
• The Federal Reserve held rates at 3.75%-4.00% in a 10-2 vote last Wednesday; both dissenters favored an increase.
• Friday’s technology selloff highlighted AI spending concerns, with the S&P 500 falling 1.82%; the Nasdaq dropped 2.86%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siebert Financial Corporation published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.