1212 days ago • Posted by William Ramstein
New highs in margin debt balances
Investors have borrowed a record $722.1 billion against their investment portfolios last month says the Financial Industry Regulatory Authority. This level tops the previous high of $668.9 billion from May 2018. This is a foreshadowing we've encountered before; margin debt records tend to precede volatility as seen in 2000 and 2008. Source: Finra