Composite: 43.2% (Risky)
Regime: mixed
Geopolitical: 16.9% (Cautious)
Market insight: The Financial Composite Gauge registered 52.0% (Risky), the Overall Gauge hit 43.2% (Risky), and the Geopolitical Layer is 16.9% (Cautious). Key geopolitical drivers are Ukraine's 90% peace deal claim and attacks disrupting heating infrastructure. Market risk remains high despite a cautious geopolitical layer, reflecting conflicting Ukraine headlines.