Gavekal Capital: Largest Two Month Drop In NYSE Margin Debt Since September 2011

Thursday, May 22, 2014

Largest Two Month Drop In NYSE Margin Debt Since September 2011

The April data for NYSE Margin Debt definitely raised more than a few red flags for investors. We now have had the first 2-month consecutive drop since September 2011. Of course, the most significant difference between March and April of this year and August and September of 2011 is that the S&P 500 was actually nearly 30 points higher in March and April. In August/September 2011, the S&P 500 had already declined by about 170 points by the end of September.

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