Gavekal Capital: NYSE Margin Debt Back On The Rise In June

Tuesday, July 29, 2014

NYSE Margin Debt Back On The Rise In June

After it was looking like margin debt topped out in February, we have now had back to back months of increases in margin debt and June's level is within sniffing distance of the all-time high (only about $1 billion below). Margin debt increased by nearly $26 billion in June, the largest 1-month change since January 2013. Net margin debt, the difference between debit and credit balances, is also just below its all-time high.

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Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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