Analyst: Panic Index VIX Could Rise to High Safe Haven Level

BlockBeats News, April 2nd, due to the high uncertainty surrounding the U.S. tariff policy direction and potential market reactions, the panic index VIX rose to a more than 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 index" to potentially rise to the 30 level. This level typically signifies that the market is entering a highly risk-averse mode. (Jinse)