The VIX index, a measure of market volatility, surged by 1.9 points to reach 20.69, marking an eight-week high on Tuesday, before closing at 20.09, the highest since November 24. According to ChainCatcher, Jim Carroll, a senior wealth advisor in Charleston, South Carolina, noted that while there is a noticeable reaction in risk indicators, it is not yet a cause for immediate panic.
Alex Morris from F/m Investments highlighted that the market's response to geopolitical tensions involves avoiding stock risks and investing in gold and cash. He added that the VIX would need to rise to 30 to trigger genuine panic.