BREAKING: US margin debt jumped +37 billion in August, to a record 1.06 trillion. Over the last 3 months, margin debt has surged +139 BILLION. On a YoY basis, the margin debt levels have risen a whopping +798 billion, or +33%. When adjusted for inflation, margin debt increased +3% MoM and +29% YoY, reaching its highest level since November 2021. As a % of GDP, margin debt reached 3.5% and is now only below levels seen in 2021. Investors are using margin to buy stocks like never before.(The Kobeissi Letter)