Composite: 72.3% (Nearly Crash)
Regime: risk off
Geopolitical: 62.2% (Severe)
Market insight: The Financial Composite Gauge registered 75.7% (Nearly Crash), the Overall Gauge hit 72.3% (Nearly Crash), and the Geopolitical Layer is 62.2% (Severe). Primary drivers are kinetic strikes on Kuwaiti energy facilities and Iranian maritime control in Hormuz. These disruptions signal extreme systemic volatility and a potential decoupling of market prices from underlying economic fundamentals.