Record $1.13 trillion margin debt and 39% leverage spike set ominous prelude for next market crash

by

Margin debt is rising at a rate last seen before major bear markets and market CRASHES:

Margin debt jumped 6.3%, or $67 billion, in September to a record $1.13 TRILLION.

Investor leverage has surged 39% since April, marking the biggest 5-month spike since the late-2021 market frenzy.

In the past, similar margin debt spikes have almost always preceded major market declines:

1) 2000 Dot-Com Bubble,
2) Great Financial Crisis in 2008,
3) The late-2018 Fed-driven selloff,
4) 2022 bear market.

Will history repeat?