VIX Spiked Above 20 on Friday Amid Tech Selloff, Retreats as Market Sentiment Stabilizes

According to analyst Divyang Shah, the VIX (Volatility Index) surged above 20 on Friday (June 7) as AI and technology stocks faced heavy selling pressure. The spike has since retreated, with VIX spot levels normalizing by June 9, though remaining slightly elevated compared to pre-selloff levels.

Near-term VIX futures contracts have narrowed their premium to spot levels and shifted lower, yet the overall futures curve maintains an upward slope. This structure suggests market sentiment has not undergone a fundamental reversal; despite investor caution on recent tech gains, broader sentiment remains constructive.