NYSE Margin Debt Declines Again In August by Eric Bush, CFA, Gavekal Capital Blog
Margin debt declined by nearly $14 billion in August bringing the two-month decline to $31.5 billion. This is the largest two-month decline since, you guessed it, September 2011. Margin debt is now approximately $34 billion off the high made in April. Net margin debt is now about $40 billion below the high made in April. This has been primarily caused by a decline in debit balances. Lastly, surprisingly the 1-quarter moving average of margin debt as a percent of total market cap actually increased to a new all-time high in August.
Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during Read More