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“1011 Insider Whale” Agent: Market Bets on “Peaceful Deal,” Hormuz Risks Remain

“1011 Insider Whale” Agent: Market Bets on “Peaceful Deal,” Hormuz Risks Remain

Odaily星球日报Odaily星球日报2026/04/23 11:17
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Odaily reported that Garrett Jin, agent of the "1011 Insider Whale," stated that the current market is pricing in "peace expectations," driving risk assets higher, but this diverges from the supply and demand situation in the energy market.

He pointed out that while the S&P 500 Index reached a record high, Brent oil prices rebounded to approximately $103. Previously, hedge funds had heavily shorted oil; Goldman Sachs data shows the ratio of shorts to longs once reached 7.6:1. The conditions supporting the current market rally—reopening of the Strait of Hormuz, decline in oil prices, lower inflation, and Federal Reserve rate cuts—have not yet materialized, and the gap between forward earnings expectations and actual earnings has risen to the highest level since 2021.

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