Blackstone fallen in 2022; Here is Outlook for 2023

Most alternative assets appear to simply represent a leveraged play on the stock market.

This seems to be particularly the case with Blackstone (bx extension) – Get a free report, the world’s largest alternative asset manager, and a stock I own. It is headed by legendary CEO Stephen Schwarzman.

Blackstone’s shares are down more than 36% year-to-date, far outpacing the S&P 500’s 16% drop. And last year, when the S&P 500 was up 29%, Blackstone posted a whopping 106% gain. %.

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