SPX currently at the largest divergence in 22 years between margin debt peaking and SPX. Nearly 2 years since margin debt peaked, yet SPX continues powering higher.

by Power80770M

Full discussion here.

There was also a pretty big divergence in 2015, back when the economy had a mini recession. Of course the Fed also pumped the market aggressively in early 2016 when things started melting down.

It’s amazing to me that people are blindly dumping their entire life savings in this scam of a market.