Composite: 54.9% (Risky)
Regime: risk off
Geopolitical: 57.1% (Risky)
Market insight: The Financial Composite Gauge registered 54.2% (Risky), the Overall Gauge hit 54.9% (Risky), and the Geopolitical Layer is 57.1% (Risky). Primary drivers include US-Iran diplomatic signaling and Venezuela oil tanker seizures. These risks signal heightened energy market volatility and a potential shift toward defensive asset allocation.