Dmytro Kharkov

TLT hits record 10-year low against USO, Mike McGlone notes

TLT hits record 10-year low against USO, Mike McGlone notes
TLT at 10-year low versus USO

Mike McGlone highlights that the iShares 20+ Year Treasury Bond ETF (TLT) has dropped to its lowest level relative to the United States Oil Fund LP (USO) in a decade.

He questions whether this dip represents a buying opportunity or signifies a broader shift, noting that the stock market may play a key role in determining the direction of the TLT/USO total return spread into year-end.

McGlone has previously forecast that crude oil could reach $120 by 2026 alongside significant moves in gold, corn, and bitcoin prices, according to his long-term projections. Earlier this year, he noted that grain prices might be peaking in late May as supply and geopolitical factors weigh on agricultural markets, as reported in a market commentary. These views reflect his ongoing monitoring of cross-asset price trends and relative value signals.

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