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Alternative Asset Management Sector Washout — StepStone Caught in Indiscriminate Selling
StepStone Group (STEP) is down -17% in a week on Q3 earnings, trading at $59.17 with RSI at 13.2 (deeply oversold). The stock hit an air pocket after reporting Q3 FY2026 results, with GAAP losses dominated by a $1.5B equity-based compensation liability increase tied to the SPW (private wealth) profi