According to The Kobeissi Letter, consumer credit card charge-offs at Capital One increased to 6.35% in February, marking the highest level in at least 13 years. Similarly, Discover Financial reported charge-offs rising to 6.03%, which is the highest since at least 2011. These significant increases in charge-off rates may indicate heightened consumer financial stress, potentially influencing market sentiment and impacting trading strategies in the financial sector.