Oct. 15 at 7:14 PM
CREDIT CRISIS WARNING: First Brands'
$10B implosion exposes cracks in
$1.7T private credit market—JPMorgan's Dimon calls it the "cockroach moment."
$SPY trading near all-time highs at
$660 while
$JEF cratered 22.6% on exposure fears.
$UBS revealed
$500M+ hit,
$BLK and
$BAC scrambling with damage control. VIX spiked to 21.08 as contagion fears spread.
When companies can double-pledge invoices to multiple lenders undetected, systemic risk is real.
With markets at elevated valuations, government shutdown pressures mounting, and regulatory scrutiny incoming, a credit event could derail this bull run fast.
Technical support at
$481.80 means significant downside if credit defaults accelerate.
SPY Monthly Price Chart (2019-2025) - Shows the extended rally from
$250 to
$660+ with minimal consolidation, highlighting overextended conditions and technical support at
$481.80.
Chart illustrates the dramatic uptrend that's vulnerable to credit-driven correction.
