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US margin debt drops $85B in July, largest monthly decline on record

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The record plunge from June's all-time high of $1.502 trillion raises the specter of a deleveraging cycle that has historically preceded major market corrections. Tue 18 Aug 2026 · 19:50 EDT · 2 min read US margin debt fell by roughly $85 billion in July, crashing from $1.502.

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