The CBOE Volatility Index ($VIX), a key gauge of market volatility, has remained elevated but recently dipped below the 20 level. On June 1, 2025, the $VIX was noted to be back under 20, with momentum indicators showing an uptick in Q-Momentum scores. By the morning of June 2, the $VIX rose near 20 again, reaching 19.92, coinciding with the 10-year Treasury yield at 4.41%. Market participants have observed the $VIX fluctuating around this threshold, reflecting ongoing market uncertainty.