The latest reading on NYSE margin debt was just shy of an all-time high. Borrowing to execute securities trades has not waned much at all in recent months as the July data showed borrowing of $382.1B which was slightly below the all-time record of $384.3B seen in April of this year. The July reading is up from $376B in June. Clearly, there’s still a lot of confidence in the minds of traders who are borrowing to execute trades as NYSE margin debt balances certainly appear to have a long-only bias:
NYSE Margin Debt Just Shy of New All-Time High in July
Got a comment or question about this post? Feel free to use the Ask Me Anything section or connect with me on Twitter or email.
Mr. Roche is the Founder of Orcam Financial Group, LLC.Orcam is a financial services firm offering low fee asset management, private advisory, institutional consulting and educational services.Cullen is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.