How Convenient!
You can’t make this stuff up. Barron’s speculates that with First Republic coming out of the S&P 500 a candidate to be added is Blackstone (BX). The rules have been “conveniently” modified for them to qualify so this dead man walking collection of under water(or soon to be) real estate can be forced into all kinds of index funds and portfolios who match the S&P 500. SHEESH! https://www.marketwatch.com/articles/first-republic-blackstone-sp-500-index-16e2a116?siteid=bigcharts&dist=bigcharts
It’s all a rigged game now. The question is when will the public at large start to see it. I believe eyes may start to open when there are no presidential candidate debates in the USSA
Not sure I am as optomistic. The public didn’t see thru the rigged election results or at least just went with it despite Biden being behind in all the primaries and the fact that the rest of the DEM cndidates were bought off and threatened to drop out. They fix the vote counting with never before procedures and middle of the night interuptions and after some minor questioning everything just accepted. This time will it be any different? If DeSantis is the GOP nominee will he have enough time to put in place a similar operation as he did in FL to make sure fraud doesn’t happen again? There probably won’t be debates and that is one clue but the election day procedures etc. are much more important.
https://www.zerohedge.com/markets/blackstones-breit-hit-six-consecutive-month-withdraws-cre-deteriorates
Are there any vehicles to short Commercial Real Estate CRE?
GL
Don’t know but I would think you can find an inverse etf maybe even one of those double or triple leveraged ones?