Margin Debt Hit Highest-Ever Level In April

The risk-on strategy by hedge funds and other money managers seems to have picked some up steam ever since the beginning of 2013. The cash balance in margin accounts read at the end of April by NYSE Margin Debt had risen past the 2007 record highs. NYSE Margin Debt, which is an indicator of investor confidence, closed at $380 billion at the end of March and then rose 1.3 percent to $384.4 billion in April, thus surpassing the all time record of $381.4 billion borrowed against investments in 2007. Margin Debt Rose 29% The trend of staying optimistic has been in play since…