United States Oil Fund
target weight7.22%
directionLong
roleAlternate Vehicle
7.22% long, up from 7.00% (3.1%). The energy thesis firmed 0.86 to 0.88 as 
the seven-day Hormuz plan was rejected; the alignment eased USO to 0.86 after 
it lagged the producers' re-rating, so its gain is smaller than XLE's. Driver-union dedup: inflation-debasement is shared, counted once at 
Stagflation risk and Fed independence stress, while its other channels add.
vs 1.1.6+0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
United States Oil Fund- holding direction
Long- holding role
Alternate Vehicle- serves thesis
- Stagflation risk and Fed independence stress,
Persistent energy premium