The CBOE Volatility Index (VIX) decreased by 1.13% to close at 14.85, while the S&P 500 Index (SPX) fell by 0.29% to finish the day at 6101.24 on January 24, 2024. This suggests a slight reduction in market volatility, projecting less than 1% in daily S&P 500 movement over the next 30 days. The day's trading volume data was unavailable, but the most significant trade was the VIX Feb 2025 15.000 put, with a volume of 27,235 contracts. The VIX opened at 15.02, slightly above the previous close, before fluctuating between a high of 15.16 and a low of 14.58. The decline in both the VIX and SPX reflects market uncertainty amid geopolitical tensions, particularly the US-China trade review, which has impacted the technology sector. Investors are cautious, balancing the potential for economic policy shifts with the ongoing geopolitical developments.