Margin Debt as a Percentage of the Market Capitalization of the S&P 500 Margin debt could have room to run relative to the market capitalization of the S&P 500. Image: BofA Global Research
Bull Market – S&P 500 and Margin Debt A new high for margin debt suggests a continued bull market. Image: BofA Global Research
U.S. Margin Debt and S&P 500 Total Return Is it time to worry about the growth of margin debt? Image: Nordea and Macrobond
YoY Absolute Change in U.S. Margin Debt and YoY % Change in S&P 500 Should investors be worried about the growth of margin debt? Image: Gavekal, Macrobond
U.S. Equities, Margin Debt and Composite Valuation Index Margin debt has reached an all-time high. Does market euphoria suggest a correction coming? Image: Alpine Macro
S&P 500 Net Profit Margin Goldman Sachs forecasts S&P 500 net profit margins to reach 11.1% in 2021, and 11.5% in 2022. Image: Goldman Sachs Global Investment Research
Free Cash Flow Margin for S&P 500 and Tech Sector The free cash flow margin for the tech sector has risen from less than 5% in the aftermath of the Internet bubble to more than 23% today. Image: J.P. Morgan Asset Management
Cash in Customers’ Cash and Margin Accounts vs. S&P 500 Market Capitalization Free credit (cash) in customer accounts as % of S&P 500 market cap has moved lower, offering further bullish confirmation for the S&P 500. Image: BofA Global Research
S&P 500 vs. Profit Margins Do valuations still matter? The current divergence between the S&P 500 and profit margins is huge. Image: Crescat Capital LLC
Free Credit Balances in Customers’s Cash Accounts and Securities Margin Accounts Cash levels in customers cash and margin accounts surged to the highest level since July 2008. Image: BofA Global Research