S&P 500 PRICE TARGETS — November 14, 2025. Current: 6,892 SPX. 1-Month: 7,000 (+1.6%) — pre-Thanksgiving rally targeting round-number resistance. 3-Month: 7,150 (+3.7%) — year-end close target. Year-End 2025: 7,300 (+5.9%) — post-election rally on policy optimism and historical precedent. Bull Case: 7,500 — requires early 2026 earnings to confirm the AI productivity thesis. Bull case rationale: post-election years averaged +11.6% in year one (1945–2020); deregulation and corporate tax-cut direction supported earnings; November–December seasonality favors risk assets. Risks: hard landing, geopolitical shock, or valuation contraction on reignited inflation.