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$VIX, the Volatility Index, closed below 12 for the first time since 2019, hitting a low of 11.52. This drop in volatility has led to concerns and speculations about its potential to go even lower, with historical references to past market events.

At least the VIX is no longer sub 12
The volatility index VIX has dropped from 17 on April 25th to 11.52, indicating lower market risk. A 16 VIX means a 1% daily move in the S&P 500. Currently, we're closer to 0.5% daily moves. This low volatility is comparable to November 2019 levels. It's important to understand⦠https://t.co/t5IX7HIG7N
It's looking like volatility might be back on the menu soon... š $VIX https://t.co/MQDDa5jN16