Composite: 68.4% (Nearly Crash)
Regime: risk off
Geopolitical: 66.3% (Severe)
Market insight: The Financial Composite Gauge registered 69.1% (Nearly Crash), the Overall Gauge hit 68.4% (Nearly Crash), and the Geopolitical Layer is 66.3% (Severe). Primary drivers are direct US-Israel strikes on Iran (92.0%) and a US submarine sinking an Iranian warship (88.0%). This severe escalation suggests an immediate flight to safety and heightened risk of a broad market correction.