BX - Blackstone Inc.

Blackstone is mentioned as one of the Wall Street firms that has been pushing to access the $7 trillion in 401(k) retirement accounts. No direct investment opinion is given.

Stock has shed more than 25% of market value since start of 2026; as one of the largest private credit providers, it faces significant exposure to deteriorating loan quality and redemption pressures.

Blackstone's $83 billion BCRED fund faced redemptions of 7.9% of holdings, requiring the firm and senior employees to invest $400 million to lift restrictions. The company is a major player in private credit facing headwinds, though executives argue the space is safer than bank funding.

Blackstone had record withdrawal requests from its $82 billion credit fund, forcing it to use its own money and employees' personal money to cover gaps. Stock price described as collapsing.

Blackstone has frozen withdrawals from private credit funds and is heavily exposed to the collapsing private credit market

Mentioned as context for private credit market selloff - down 31% YTD. No explicit recommendation, just cited as evidence of sector-wide weakness affecting SoFi sentiment.

Hit hard by Trump's executive order banning large institutions from purchasing single-family homes; also facing general banking sector selling pressure from credit card rate cap; described as a good risk-reward downside play with stop-loss at $157-158 and potential target at $140 support

Had a nasty sell-off, recent low around 135 on radar for possible test over next few weeks