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Did the margin debt indicator just flash a bull market signal for the stock market?

Mark Hulbert ★Member Exclusive Published: April 24, 2023 at 10:44 a.m. ET By Mark Hulbert My monthly review of stock market valuation indicators George Wood/Getty Images Referenced Symbols SPX -0.21% Total margin debt on Wall Street tells you more about where the stock market has been than where it is going. That’s important to keep

did-the-margin-debt-indicator-just-flash-a-bull-market-signal-for-the-stock-market?

Mark Hulbert

Member Exclusive

My monthly review of stock market valuation indicators

George Wood/Getty Images
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Referenced Symbols

Total margin debt on Wall Street tells you more about where the stock market has been than where it is going.

That’s important to keep in mind because total margin debt, after declining throughout 2022, has turned up and is now 6.4% higher than where it stood in December. Some are arguing that this trend change is a powerful bullish signal.

Their…

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