It looks like that the golden days of 60/40 stock bonds are over as bonds are having their largest drawdown in over 20 years. What do people think about holding UUP during any upcoming market downturn and/or recession? It appears to have been a good hedge over the past few decades including YTD as people tend to sell their positions and move to cash during uncertain times. Is it safe to expect that the negative correlation will continue or is there a scenario where UUP can go down with the market during a market downturn?
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