On April 2, the Panic Index VIX rose to a more than two-week high of 24.80 on Monday and closed at 22.77 on Tuesday due to high uncertainty over the direction of U.S. tariff policy and potential market response.
"I think the market is really waiting for a breath," said Mark Spindel, chief investment officer of Potomac River Capital LLC. He expects this "panic indicator" to rise to the 30 mark. This level usually means that the market enters a high risk-haven model.
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