Composite: 46.9% (Risky)
Regime: mixed
Geopolitical: 31.5% (Elevated)
Market insight: The Financial Composite Gauge registered 52.0% (Risky), the Overall Gauge hit 46.9% (Risky), and the Geopolitical Layer is 31.5% (Elevated). Iran's protest response and Afghanistan's projected 2026 crisis are the primary geopolitical drivers. Elevated geopolitical stress is significantly contributing to the market's overall Risky assessment.