This stock WILL be down all this coming week and the next
The default is really going to happen:
This stock is hyped up on optimism. Once the default comes on the 18th this company could go belly up. All lending is tied to the US bond market and if the US defaults the bond yields have to go up resulting in everyone paying more for loans. Less people will be willing to buy real estate at higher lending rates and RE is mostly what BX holds. Real Estate values will have to decline heavily which will kick this company in the balls. Expect this stock to start falling all this week and the next with the greatest drop occurring on the 18th.