SPY S&p 500 ETF and the Midterm Elections

The U.S. midterm elections will be held on Tuesday, Nov. 8, 2022.
All 435 U.S. House seats and 34 of the 100 Senate seats are on the ballot.

If you haven`t sold the high P/E ratio explained here:

Then you should know that the Current S&P 500 PE Ratio is 18.10. Sill high in my opinion.
Even though my Price Target for the end of the year is $338, i expect a short term rally before the Midterm Elections.

Looking forward to read your opinion about it.