Tiny Bubbles? Margin Debt Declines 6.25% MoM In October (Worst Decline Since Nov 2018)

Is the fizz off the equity bubble? Or, stated differently, is there a big equity bubble or is it a tiny bubble?

Today, US equity indices are down … again.

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According to FINRA,  Debit Balances in Customers’ Securities Margin Accounts is down over 9% since May 2018 and down 6.25% MoM since September.margin.png

And according to Wolfstreet, the recent MoM plunge in margin debt in the worst since November 2008.

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Are Jerome Powell and Janet Yellen no longer Kings of the World?

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