According to ChainCatcher, due to the uncertain direction of U.S. tariff policies and potential market reactions, the panic index VIX rose to a two-week high of 24.80 on Monday and closed at 22.77 on Tuesday.
Mark Spindel, Chief Investment Officer of Potomac River Capital LLC, said: "I think the market is indeed holding its breath." He expects this "panic indicator" could rise to the 30 level, which typically means the market is entering a highly risk-averse mode.