U.S. Margin Debt Rises 54% Year-Over-Year, Sixth-Largest Gain in 60 Years, Says Tom Lee

According to Tom Lee during a CNBC interview on July 20, U.S. margin debt rose 54% year-over-year, marking the sixth-largest gain in 60 years. Lee noted that historically, the five previous instances of such margin debt surges were followed by six-month consolidation periods in the stock market.
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