FINRA Margin Debt Today
The FINRA Margin Debt is currently 1,304,281, last updated , up 0.00% from yesterday. Margin debt at $1.30T is at or near all-time highs. The 2021 cycle peaked at $935B; current readings above $1.3T put retail leverage at roughly 4% of GDP, surpassing the 2021 peak ratio. Historically late-cycle leverage at this level has preceded equity drawdowns by 6-18 months.
Data as of · Source: Treasury / BIS / IMF / OECD
What This Means
Margin debt at $1.30T is at or near all-time highs. The 2021 cycle peaked at $935B; current readings above $1.3T put retail leverage at roughly 4% of GDP, surpassing the 2021 peak ratio. Historically late-cycle leverage at this level has preceded equity drawdowns by 6-18 months.
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Data sourced from official statistical releases (Treasury, BIS, IMF, OECD or central banks). Updated monthly. For informational purposes only, not financial advice.