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Margin debt, advisory service sentiment, and Tobin's Q all too high - plus negative smart money "signals"

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Margin debt hits record highs and is up 58% from 15 months earlier. Advisory service sentiment shows excessive optimism and has rolled over. The Tobin's Q measurement of valuation suggests stocks could struggle. Negative warnings from smart money secondary offerings and commitments of traders data.

Ned Davis Research | NDR Hotline | Insights | 3X Weekly

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