According to @KobeissiLetter, US margin debt rose by $14.6 billion in July to a record $1.02 trillion. According to @KobeissiLetter, this follows a $87 billion increase in June, the largest monthly rise on record. According to @KobeissiLetter, margin debt has increased by about $400 billion, or 67 percent, over the last two years, outpacing the market’s rally.