Seeing the panic index drop to 17 indeed makes one feel a bit uneasy. This number is unusually low, even during times when market sentiment has been very bleak, such low values are rarely seen. To be honest, I feel quite uncertain right now.
The market may be overly optimistic. Generally speaking, when the VIX index is below 20, it indicates that market sentiment is relatively stable, and retail investors are comparatively optimistic about the future.
But now at 17, it makes me feel that the market may be too optimistic, even a bit complacent. Historical experience tells us that such an extremely low panic index can sometimes be a warning signal for increased market volatility. After all, the market rarely maintains this kind of "calm" state.
The market is always in a cycle of panic and greed, but the next major fluctuation is likely to be triggered by a detail that most people are currently overlooking. I have compiled the core operating logic of recent times into a brief analysis, which you can obtain through a private message after adding me. Opportunities always exist in the market; the key lies in whether you can gain a different perspective in advance!