Composite: 54.6% (Risky)
Regime: risk off
Geopolitical: 49.4% (Elevated)
Market insight: The Financial Composite Gauge registered 56.3% (Risky), the Overall Gauge hit 54.6% (Risky), and the Geopolitical Layer is 49.4% (Elevated). Geopolitical risk is driven by China's Taiwan drills and the ongoing Russia-Ukraine conflict. Elevated geopolitical tension is contributing directly to the overall Risky environment across both primary gauges.