$BNB Markets in June 2025 are buzzing with activity-and a fair bit of tension. Here's a quick pulse check on the trading landscape:

• Global equities are rallying, with the S&P 500 and Nasdaq 100 both nearing all-time highs. The S&P 500 is up 3.0% month-over-month, while the Nasdaq 100 has climbed 4.8% 1.

• Volatility is down: The VIX index has dropped below 20%, and bearish sentiment has collapsed, suggesting renewed investor confidence 1.

• Valuations are stretched: The S&P

500's forward P/E ratio is at 21.7x—well above its post-2000 average of 16.7x.

That's raising eyebrows among analysts