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Benzinga
Benzinga
Business
Piero Cingari

Private Equity Stocks Burn While Wall Street Parties—Is A Credit Crunch Brewing?

First Brands Jim Chanos Bitcoin AAA Gold NYSE the Financial Times
wall street ai4

While Wall Street dances in an “everything rally” with stocks breaking record highs daily, gold glittering near $4,000 an ounce and Bitcoin (CRYPTO: BTC) soaring past $125,000, private equity stocks are the only ones not invited to the party, stumbling instead of soaring.

The S&P 500 topped 6,800 and the Nasdaq 100 surged past 25,000, up 14% and 20% year-to-date, yet private equity leaders like Blackstone Inc. (NYSE:BX), Apollo Global Management Inc. (NYSE:APO) and KKR & Co. Inc. (NYSE:KKR) have tumbled double digits in less than two weeks.

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