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U.S. Margin Debt (leverage/borrowing) by Retail Investors with Recessions & Stocks Drawdowns - updated!
= $1.25 trillion, a whooping number, with a small dip lately after the all-time high of $1.27 trillion since 1959
👉 topped $1 trillion in 2025 for the 1st time in history
👉 a 33% increase since the 2021 madness when it reached $935 billion
Will we reach $1.5 trillion in 2026? Food for thought! I doubt it. As always, any downturn in stocks risks turning into a sharper correction as leveraged investors are forced to sell into falling markets.
I did in 2025 a dedicated coverage on it with 7 key data points & charts:
✍️ Margin Debt (Leverage/Borrowing) by Retail Investors
N.B. I'll update the numbers and post an updated coverage soon!
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With respect,
Mav
