Composite: 59.0% (Risky)
Regime: risk off
Geopolitical: 48.8% (Risky)
Market insight: The Financial Composite Gauge registered 62.4% (Nearly Crash), the Overall Gauge hit 59.0% (Risky), and the Geopolitical Layer is 48.8% (Risky). China's record $1 trillion trade surplus and persistent global tension are the top drivers. Extreme financial stress persists, driven largely by economic imbalances rather than pure geopolitical escalation.