Composite: 70.6% (Nearly Crash)
Regime: risk off
Geopolitical: 65.1% (Severe)
Market insight: The Financial Composite Gauge registered 72.5% (Nearly Crash), the Overall Gauge hit 70.6% (Nearly Crash), and the Geopolitical Layer is 65.1% (Severe). Key drivers include Tehran’s rejection of the Hormuz deadline and intensified US-Israeli attacks on Iran. Such elevated scores suggest severe downside pressure, as investors brace for potential energy supply shocks and broader regional escalation.