Margin Debt is Cyclical - It is Peaking Now The two dominant cycles of margin debt are peaking - same cycle constellation as at the 2000 dot-com bubble peak. The next significant cycle trough is in 2030- same cycle constellation as at the bear market bottom in 2003. The 2030 margin debt low will likely align with the next major bear market low. #margin #margindebt $SPX $NDX $SPY $QQQ #stocks
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