Composite: 56.1% (Risky)
Regime: risk off
Geopolitical: 57.9% (Risky)
Market insight: All three gauges—FC (55.5%), Overall (56.1%), and Geopolitical (57.9%)—remain firmly in the Risky band. Key drivers include Russia protecting a US-pursued oil tanker and Venezuelan instability threatening Chinese interests. The elevated geopolitical layer suggests continued volatility, particularly in global energy markets and emerging market assets.