🚨 BREAKING: They're not going to report this on CNBC. JP Morgan $JPM just marked down loans and is cutting off private credit groups. Blue Owl. ✂️ Blackstone. ✂️ BlackRock. ✂️ Now the BIGGEST bank in America. ✂️ This isn't a one-off. This is a pattern. When JPMorgan starts quietly admitting their loans aren't worth face value that's not a "market adjustment." That's a confession. Private credit was the last "safe" corner of the financial system that Wall Street was selling to your pension funds, your endowments, your 401k managers. Now the banks are running away from it. Ask yourself: if these assets were fine, why is the most powerful bank on earth refusing to lend against them? They'll call this "routine portfolio management." It's not routine. It's damage control. The credit cycle has turned. The only question now is how bad they let it get before they admit it publicly. RT if your financial advisor has never once mentioned private credit exposure in your portfolio.