Composite: 45.9% (Risky)
Regime: mixed
Geopolitical: 26.4% (Cautious)
Market insight: The Financial Composite Gauge registered 52.4% (Risky), the Overall Gauge hit 45.9% (Risky), and the Geopolitical Layer is 26.4% (Cautious). Top geopolitical drivers include escalating unrest in Venezuela and the recent Kharkiv missile attack. Despite high financial risk, the underlying geopolitical layer remains surprisingly cautious.