Composite: 56.2% (Risky)
Regime: mixed
Geopolitical: 66.0% (Severe)
Market insight: The Financial Composite Gauge registered 52.9% (Risky), the Overall Gauge hit 56.2% (Risky), and the Geopolitical Layer is 66.0% (Severe). Top drivers include a Russian General's assassination and the US interception of a Venezuelan oil tanker. The Severe geopolitical risk layer suggests markets may be underpricing current global instability.