Agent of "1011 Insider Whale": Recommends reducing stock exposure in the near term but remains bullish on crude oil.

Garrett Jin, an agent for Odaily's "1011 Insider Whale," wrote that the Strait of Hormuz has been closed for 16 days, and oil prices have risen by about 45% since February 27, with Brent crude prices exceeding $103. There are still no signs of a ceasefire. The Strategic Petroleum Reserve (SPR) may only be able to cover about 12% to 15% of the supply gap. He recommends a near-term trading strategy of being bullish on crude oil and reducing equity exposure, especially assets in net energy-importing economies such as Japan, South Korea, and Europe. Furthermore, with rising interest rates, the US dollar, and oil prices, overall market liquidity is tightening, and investors should maintain cash positions, shorten duration, and be more vigilant.