CrowdWisers™August Market Leverage Reaches New High -3
19:04 15-Sep-25
Market leverage
reached 5.84x in August, which is the highest on record. We're on
dangerous, untrod ground here, but loose regulation could allow that
to persist for quite some time. To wit, an elimination
of quarterly reporting could very easily extend that possibility.
The SEC adopted quarterly reporting in 1970 and considered a similar
Trump proposal during his first term. It concluded
that adopting a more European schedule could help smaller companies,
and I concede that possibility. However, as someone who has
experience moribund European stock markets firsthand, I'll also
offer the opinion that more frequent information is better. 
August prices for American natural
gas and electricity
reversed direction back towards one another, but not significantly.
I expect the latter to continue rising as EV
sales hit another record, and look poised to exceed 10% this
month before the federal tax credit expires. Of course, that's
handily exceeded by electricity usage from data centers, which is
expected to double or triple
over the remainder of the decade.