Composite: 63.1% (Nearly Crash)
Regime: risk off
Geopolitical: 60.6% (Severe)
Market insight: The Financial Composite Gauge registered 63.9% (Nearly Crash), the Overall Gauge hit 63.1% (Nearly Crash), and the Geopolitical Layer is 60.6% (Severe). Primary drivers include US-Iran Direct Military Conflict at 88.0% and Global Energy Price Inflation at 69.7%. These readings signal extreme systemic fragility, suggesting defensive positioning as markets struggle to price in escalating regional instability.