A Popular Tax-Saving Trade is Juicing Wall Street’s Borrowing Binge

THE WALL STREET JOURNAL.

THURSDAY, OCTOBER 15, 2026

Margin loan balances at Charles Schwab swelled to nearly $190 billion in the third quarter, fueled by the growth of one tax-loss harvesting strategy.

It's in today's paper. How big is it? Four answers, and your first pick has to be right to spot it.