3 charts show where Jamie Dimon's credit 'cockroaches' might be hiding in the market

Core Viewpoint - Jamie Dimon warns of potential trouble in the credit market, suggesting that the recent failures in the sector may indicate broader issues, as highlighted by Rosenberg Research [1][6]. Group 1: Signs of Credit Distress - Newly delinquent loans are on the rise, with the balance of loans that are at least 30 days late increasing to 5.3% in Q3, the highest rate since 2014 [3]. - The percentage of loans transitioning into serious delinquency (90 days or more late) rose to 3% in the last quarter, marking the highest rate in over a decade [4]. - Consumers are under financial stress, diverting funds from discretionary spending to service debts due to elevated borrowing costs [4]. Group 2: Corporate Borrower Distress - Corporate borrowers are also experiencing increased distress, with the percentage of corporate loans considered distressed spiking in 2022 and remaining elevated since then [7].