S&P500 vs Margin Debt & GDP

Last week there were many posts online showing Margin Debt in relationship to the S&P500 and the GDP.
Here are a few of these charts.

One observation is that there seems to be a correlation between margin debt (investor positive and negative credit balances) and the S&P500
Second observation is that high margin debt tops out before the S&P500 and the converse was observed as well


This has been posted for Educational Purposes Only.   Do your own work and consult with Professionals before making any investment decisions.

Past performance is not indicative of future results.