Composite: 65.8% (Nearly Crash)
Regime: risk off
Geopolitical: 53.3% (Risky)
Market insight: The Financial Composite Gauge registered 69.9% (Nearly Crash), the Overall Gauge hit 65.8% (Nearly Crash), and the Geopolitical Layer is 53.3% (Risky). Key drivers are a fragile US-Iran ceasefire and escalating Israeli attacks on Lebanon. This creates a divergence where extreme financial stress outpaces direct, but still risky, geopolitical triggers.