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Markets hit highs amid historic overvaluation and record margin debt in H1 2026, signaling caution ahead.

Market News
13 Jul 2026
ETF Trends
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In the first half of 2026, equity markets reached near all-time highs despite multiple valuation indicators showing historic overvaluation, with the S&P 500 estimated to be 116% to 207% overvalued. Margin debt surged to a record $1.42 trillion, raising concerns about speculative risk. Consumer sentiment remained near historic lows, and rising gasoline prices added pressure on spending. The outlook for the second half of the year hinges on whether these economic and market extremes stabilize or reverse.

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