Composite: 71.5% (Nearly Crash)
Regime: risk off
Geopolitical: 63.4% (Severe)
Market insight: The Financial Composite Gauge registered 74.1% (Nearly Crash), the Overall Gauge hit 71.5% (Nearly Crash), and the Geopolitical Layer is 63.4% (Severe). Primary drivers are the Iran-Israel direct missile conflict at 88.0% and Iranian oil infrastructure risk at 68.0%. This data suggests a significant divergence between current market valuations and the rising probability of a severe geopolitical shock.