Composite: 68.2% (Nearly Crash)
Regime: risk off
Geopolitical: 65.2% (Severe)
Market insight: The Financial Composite Gauge registered 69.2% (Nearly Crash), the Overall Gauge hit 68.2% (Nearly Crash), and the Geopolitical Layer is 65.2% (Severe). Top drivers are Strait of Hormuz incidents and US-Israeli strikes in Iran. These geopolitical tensions likely fuel market risk aversion.