Composite: 49.3% (Risky)
Regime: mixed
Geopolitical: 40.4% (Elevated)
Market insight: The Financial Composite Gauge registered 52.2% (Risky), the Overall Gauge hit 49.3% (Risky), and the Geopolitical Layer is 40.4% (Elevated). Key drivers are the escalating US-Venezuela standoff and Zelensky's demilitarized zone proposal for Ukraine. Geopolitical stress remains elevated, directly contributing to the systemic risk indicated by both market gauges.