— New Home sales hit an all-time record in October; Existing home sales are just 4% below the all-time peak hit in June.
Task also notes that "by most historical standards, this bull market is therefore long in the tooth, although the "final innings" are often the best for market-cap weighted averages."
I would only add that in addition to YTD being flat, the Dow is negative to flat over 6 and 4.5 years, up 8% over 5 years, and has been rangebound since 2003 (10,985 is the breakout).
The SPX is up 9% over 4 years, flat over 4.5 years (May 2001), down 5% over 5 years and down 14% over 6 years.
Performance measures are often a quirk of time periods. The abuse of these stats is why the SEC standardized the way Mutual Funds report them in their marketing materials — they no longer get to cherry pick the best data, and instead have to report several different time periods (e.g., 1,3 5 years) . . ."