Note: The NYSE has released new data for margin debt, now available through November.

The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website

Debt hit a trough in February 2009, a month before the March market bottom. It then began another major cycle of increase.

The Latest Margin Data

The NYSE has released new data for margin debt, now available through November. The latest debt level is up 3.5% month-over-month. The November data gives us an additional sense of recent investor behavior.

At the suggestion of Mark Schofield, Managing Director at Strategic Value Capital Management, LLC, we've created the same chart with margin debt inverted so that we see the relationship between the two as a divergence.