Composite: 54.7% (Risky)
Regime: risk off
Geopolitical: 50.5% (Severe)
Market insight: The Financial Composite Gauge registered 56.0% (Risky), the Overall Gauge hit 54.7% (Risky), and the Geopolitical Layer is 50.5% (Severe). Intensification of the Ukraine War and rising Russian losses remain the primary geopolitical drivers, followed by Iran protests. The Severe geopolitical reading suggests external risk is disproportionately driving the overall market's current Risky posture.