The Financial Industry Regulatory Authority (FINRA) reports that investors owed $1.48 trillion on margin at the end of September. That compares with $1.45 trillion in August and $1.18 trillion in October 2025. Speculation accounts for part of the climb. A…
The Financial Industry Regulatory Authority (FINRA) reports that investors owed $1.48 trillion on margin at the end of September. That compares with $1.45 trillion in August and $1.18 trillion in October 2025. Speculation accounts for part of the climb. A fast-growing share comes from wealthy households borrowing to cut their tax bills, and that changes what margin debt tells us.
Charles Schwab (NYSE:SCHW | SCHW Price Prediction) shows the shift most clearly. In its October 15…
