Weekly SP500 ChartStorm - 02May 2021
Just another sign of folk leveraging up in a FOMO frenzy to chase evermore gains. 6. Margin Debt Warning: Seems to be a theme here… some short-term risk flags, and a medium-term risk flag here. One more warning: n = 2. (also see the next chart, and also keep in mind the very low base comparator in March last year - arguably it’s a little overstated in that respect) 7. Margin Debt - ADJUSTED: Here’s how it looks if you adjust margin debt for market cap (which you probably should do). As a proportion of market cap it’s high, but not really crazy by any means. We still see a clear accele...
Source: econintersect.com