Composite: 67.7% (Nearly Crash)
Regime: risk off
Geopolitical: 66.5% (Severe)
Market insight: The Financial Composite Gauge registered 68.1% (Nearly Crash), the Overall Gauge hit 67.7% (Nearly Crash), and the Geopolitical Layer is 66.5% (Severe). Top drivers are Strait of Hormuz threats and GCC drone strikes. These geopolitical risks are pressuring financial gauges toward a crash.