Composite: 49.0% (Risky)
Regime: mixed
Geopolitical: 37.4% (Elevated)
Market insight: The Financial Composite Gauge was 52.9% (Risky), the Overall Gauge was 49.0% (Risky), and Geopolitical risk hit 37.4% (Elevated). Key drivers included Ukraine peace discussions (65.0%) and severe fatal rain storms in California (36.1%). Despite peace talks, both the Financial and Overall Gauges remain firmly in the high-risk band.