Composite: 61.2% (Nearly Crash)
Regime: risk off
Geopolitical: 55.9% (Risky)
Market insight: The Financial Composite Gauge registered 63.0% (Nearly Crash), the Overall Gauge hit 61.2% (Nearly Crash), and the Geopolitical Layer is 55.9% (Risky). Intensifying US-Iran war fears and Panama's ruling against Chinese port control drove the geopolitical layer. The extreme "Nearly Crash" readings mandate defensive positioning and heightened vigilance for risk-off flows.