This Bull Call Spread In Oil Provides A Hedge Against Stocks And Bonds

The traditional hedge that stocks and bonds have provided against each other is breaking down. So, let's consider an alternative that involves the USO ETF. The S&P 500 and long-term Treasurys have shown a positive correlation of 0.35 in 2026 — and more concerning, that correlation has spiked during this year's drawdowns, leaving investors facing losses across their entire portfolio…