Composite: 71.1% (Nearly Crash)
Regime: risk off
Geopolitical: 62.7% (Severe)
Market insight: The Financial Composite Gauge registered 73.9% (Nearly Crash), the Overall Gauge hit 71.1% (Nearly Crash), and the Geopolitical Layer is 62.7% (Severe). Risks are primarily driven by US-Israel-Iran military escalation and volatility in oil prices and risk sentiment. These elevated scores signal extreme systemic fragility, suggesting that geopolitical shocks could trigger a significant downward market correction.