Composite: 61.4% (Nearly Crash)
Regime: risk off
Geopolitical: 53.0% (Risky)
Market insight: The Financial Composite Gauge registered 64.2% (Nearly Crash), the Overall Gauge hit 61.4% (Nearly Crash), and the Geopolitical Layer is 53.0% (Risky). Geopolitical risk is driven by China's warning to the US and instability in the global economic order. High systemic financial stress levels currently exceed the immediate geopolitical threat assessment.