Margin debt reaches 19-year highs as liquidity slows, Jamie Coutts notes

Margin debt reaches 19-year highs as liquidity slows, Jamie Coutts notes
Margin debt soars as AI transforms markets

Jamie Coutts raises questions about reconciling the significant impact of artificial intelligence with leverage trends that have historically signaled the late stages of speculative market phases.

Coutts highlights that liquidity is decelerating and real interest rates are rising, while margin debt acceleration has surged to 19-year highs prior to a recent market rout in July. These developments suggest heightened risk within current financial markets.

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