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- US margin debt has never been higher
US margin debt has never been higher
The level of speculation in the US market is unprecedented
Global Markets Investor
February 24, 2026
In partnership with
GLOBAL MARKETS INVESTOR’S PORTFOLIO IS 🔥UP +95%🔥SINCE JANUARY 2024
DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:
US margin debt hit a record $1.28 trillion in January, posting its 9th consecutive monthly increase.
Over the last year, margin debt surged +$342 billion, or +36%, one of the fastest increases since the 2000 Dot-Com Bubble.
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The surge is now outpacing the S&P 500 gains by the widest margin since 2021, before the 2022 bear market started.
Furthermore, US margin debt as a % of real disposable personal income exceeded 6.0% for the first time ever, and is nearly 3 times higher than the 2000 Dot-Com Bubble peak.
Market-cap adjusted, margin debt has also hit an all-time high. This even exceeds the meme stock mania of 2021, before the market topped.
Does this suggest the market is near the top?
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