Gavekal Capital: Margin Debt Stays Elevated In August

Friday, September 26, 2014

Margin Debt Stays Elevated In August - Just Below All-Time Highs

NYSE margin debt still hasn't surpassed the all-time high made in in February but it is very close! Margin debt rose by about $3 billion in August and is only $2 billion below the all-time high set in February. Net margin debt inched higher and set another all-time high in August. Last month, we noted how curiously margin debt was acting. This latest data point didn't do anything to curb our curiosity.

About Gavekal Capital

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.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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