Composite: 62.3% (Nearly Crash)
Regime: risk off
Geopolitical: 52.1% (Risky)
Market insight: The Financial Composite Gauge registered 65.8% (Nearly Crash), the Overall Gauge hit 62.3% (Nearly Crash), and the Geopolitical Layer is 52.1% (Risky). Top drivers are Trump's threats of tariffs and military action against Iran and its trading partners. Extreme geopolitical tension is driving systemic risk readings into the severe "Nearly Crash" band.