Composite: 56.2% (Risky)
Regime: risk off
Geopolitical: 60.0% (Severe)
Market insight: The Financial Composite Gauge registered 55.0% (Risky), the Overall Gauge hit 56.2% (Risky), and the Geopolitical Layer is 60.0% (Severe). Primary drivers include the Ukraine War Four-Year Milestone and US-Asia trade policy volatility. This severe geopolitical stress creates a risk premium, potentially decoupling market sentiment from broader financial stability.