Composite: 72.2% (Nearly Crash)
Regime: risk off
Geopolitical: 60.6% (Severe)
Market insight: The Financial Composite Gauge registered 76.1% (Nearly Crash), the Overall Gauge hit 72.2% (Nearly Crash), and the Geopolitical Layer is 60.6% (Severe). Primary drivers are Iran-US-Israel conflict escalation and Trump tariff disruptions. This signals severe market stress, with geopolitical risks heavily weighing on financial stability.