Composite: 67.3% (Nearly Crash)
Regime: risk off
Geopolitical: 70.0% (Severe)
Market insight: The Financial Composite Gauge registered 66.4% (Nearly Crash), the Overall Gauge hit 67.3% (Nearly Crash), and the Geopolitical Layer is 70.0% (Severe). Risks are driven by Israel-Iran direct conflict escalation (92.0%) and potential Iranian strikes on Gulf oil facilities (88.0%). These severe readings signal a shift toward defensive positioning as markets price in heightened systemic and energy-sector instability.