Composite: 71.9% (Nearly Crash)
Regime: risk off
Geopolitical: 64.1% (Severe)
Market insight: The Financial Composite Gauge registered 74.6% (Nearly Crash), the Overall Gauge hit 71.9% (Nearly Crash), and the Geopolitical Layer is 64.1% (Severe). The primary drivers are the US-Iran War and a Hormuz shipping blockade. These severe geopolitical pressures are directly driving financial markets toward a crash scenario.