The VIX fear index surged to 20.69, marking its highest point in eight weeks, before closing at 20.09, the highest since November 24. Despite the increase, analysts suggest that panic is not imminent. Jim Carroll, a senior wealth advisor, indicated that while risk indicators have reacted significantly, the situation has not reached panic levels. Alex Morris from F/m Investments observed that the market is shifting away from stocks towards gold and cash in response to geopolitical tensions, noting that a VIX level of 30 would be necessary to trigger real panic.