The Cboe Volatility Index (VIX) has experienced fluctuations around the 19 to 20 range in early June 2025, reflecting ongoing market uncertainty. After dipping below 19 last week, the VIX briefly rose above 20 before retreating back under 20. Market analysts noted a bounce off the 19 level, with some interpreting this as a potential bearish signal for equities such as Tesla, the S&P 500 (SPY), and the Nasdaq-100 (QQQ). Despite volatility, optimism persists among investors, driven by strong earnings reports, particularly in artificial intelligence sectors, and expectations of at least two interest rate cuts by the end of the year. Precious metals have also surged, with gold surpassing $3,300 per ounce and silver approaching $34. Market participants anticipate a possible major squeeze in the S&P 500 around the upcoming Friday jobs report, potentially pushing the index toward the 6000 level before a reversal. However, some caution that a selloff may follow next week ahead of June options expiration (OPEX). Overall, the market exhibits resilience amid elevated volatility and mixed signals.