Composite: 55.9% (Risky)
Regime: risk off
Geopolitical: 50.8% (Risky)
Market insight: The Financial Composite Gauge registered 57.5% (Risky), the Overall Gauge hit 55.9% (Risky), and the Geopolitical Layer is 50.8% (Risky). Key geopolitical drivers include peak West Bank displacement and the arrival of Iran's FM in Oman for US talks. Persistent high geopolitical tension suggests that market risk premiums will remain elevated across asset classes.