According to @KobeissiLetter, Blackstone's stock (BX) opened lower at 9:30 AM ET even as the S&P 500 hit a new all‑time high at the open, and by 10:35 AM ET BX was down 4% with no material news cited, source: @KobeissiLetter on X, Jan 7, 2026. At 12:45 PM ET, President Trump announced a ban on institutional purchases of single‑family homes, and within five minutes BX fell 9%, erasing about 17 billion in market cap on the day, source: @KobeissiLetter on X, Jan 7, 2026. By 2:30 PM ET, BX rebounded about 5% from its intraday low as dip buyers stepped in, source: @KobeissiLetter on X, Jan 7, 2026. The source did not report any immediate cryptocurrency market reaction, source: @KobeissiLetter on X, Jan 7, 2026.

According to @KobeissiLetter, President Trump announced a ban on institutional investors purchasing single-family homes, and Blackstone (BX) erased up to $17 billion in market value within minutes of the headline (source: @KobeissiLetter on X, Jan 7, 2026). According to @KobeissiLetter, this is a developing thread aiming to explain market implications, with immediate trading focus on the policy headline and BX price action noted by the source (source: @KobeissiLetter on X, Jan 7, 2026).

According to @KobeissiLetter, President Trump said he is taking immediate steps to ban large institutional investors from buying single-family homes, stating "People live in homes, not corporations" (source: @KobeissiLetter). Following the headline, Blackstone stock (BX) fell as much as 9% intraday, indicating a swift, headline-driven repricing tied to U.S. housing policy risk (source: @KobeissiLetter).