2 pounds lean ground beef

¼ cup olive oil

½ onion, chopped

½ green bell pepper, chopped

2 tablespoons minced garlic

2 (8 ounce) cans tomato sauce

2 cups water

½ cup red cooking wine

3 tablespoons hot sauce (such as Louisiana®)

1 (1.41 ounce) package sazon seasoning (such as Badia® Tropical®)

1 tablespoon chopped fresh parsley

½ teaspoon garlic powder

½ teaspoon onion powder

½ teaspoon ground cumin

½ teaspoon ground black pepper

¼ teaspoon ground bay leaf

3 ounces Spanish-style olives

1 teaspoon salt, or to taste

1 small butternut squash, peeled and cut into cubes