⚡️⚠️ NEWS - Record high margin debt: $1.1 trillion

As a reminder, margin debt is money borrowed to buy stocks.

➤ September alone: $67 billion borrowed

➤ 2% of the total value of the S&P 500

Every time margin debt has skyrocketed, a crash has followed:

📉 2000 → Internet bubble: S&P 500 -50%

📉 2008 → Subprime crisis: S&P 500 -56%

📉 2021 → Correction: -25%

📉 2025 → ???