Follow-up on Margin Debt

Follow-up on our “Notes From The Field” post in March 2021 – Margin Debt.  Three months ago we highlighted the contrarian sentiment indicator that has flagged three major market tops (1972, 2000, 2007) since 1970. With the most recent data, the year-over-year change in margin-debt has risen above 55%. Once this threshold is exceeded, it […]