They are my largest position, and going into earnings on 21st I’m concerned
The last rate tightening cycle (2016-2018) saw BX lose ~40% of share value, and that was in a relatively dovish tightening period. Inflation is real now, and a long-term hawkish Fed is an entirely new ballgame for PE.
Not even taking into account the issue with their will Smith producing deal which is small, but a clear loss for their business.
What do people think? I am strongly considering selling half my position before earnings
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