Margin Debt as a Percentage of the Market Capitalization of the S&P 500 Downside corrections tend to occur after peaks in margin debt relative to the S&P 500 market capitalization. Image: BofA Global Research
Valuation – Margin-Adjusted Price/Earnings Ratio on U.S. Stocks and U.S. Stocks Price/Revenue Ratio Will central bank liquidity continue to push valuations higher indefinitely? Image: Financial Times
S&P 500 Quarterly Net Margins Ex-Financials Net margins rebounded sharply in the first quarter of 2021. Image: BofA US Equity & Quant Strategy
S&P 500 Index and Margin Debt Could the level of margin debt in U.S. equity markets presage a market pullback? Image: Morgan Stanley Wealth Management
U.S. Margin Debt / U.S. Wilshire 5000 Market Capitalization Margin debt could have room to run relative to the U.S. market capitalization. Image: BCA Research
FAANGM Stocks vs. S&P 500 – Operating Margin, Return on Equity and Return on Assets Will FAANGM stocks continue to drive the S&P 500 higher? Image: Alpine Macro
S&P 500 (Top) and Margin Debt (Bottom) In recent history, margin debt tends to peak in advance of highs in the S&P 500. Image: BofA Global Research Click the Image to Enlarge
Margin Debt and S&P 500 Should the growth of margin debt scare investors? Image: Nordea and Macrobond
U.S. Equities – Margin Debt and S&P 500 Is the growth of margin debt a great concern? Image: Morgan Stanley
U.S. Equities – Margin Debt Since 1960 Is the growth of margin debt a concern? Image: Morgan Stanley Research