:root{
  --ink:#16130F;
  --ink-2:#1E1A14;
  --panel:#221C15;
  --bone:#ECE5D6;
  --bone-dim:#C9C0AE;
  --muted:#968C7B;
  --hair:#342D22;
  --brass:#C9A24B;
  --bear:#B5443B;   /* bearish / negative call */
  --bull:#7E9B68;   /* bullish / opportunity */
  --neutral:#C9A24B;/* watch / contrarian */
  --maxw:1140px;
}

*{box-sizing:border-box;margin:0;padding:0}
html{scroll-behavior:smooth}
body{
  background:var(--ink);
  color:var(--bone);
  font-family:"Newsreader",Georgia,serif;
  font-size:18px;
  line-height:1.6;
  -webkit-font-smoothing:antialiased;
  overflow-x:hidden;
}
body::before{
  content:"";
  position:fixed;inset:0;
  background:radial-gradient(120% 80% at 50% -10%, rgba(201,162,75,.10), transparent 60%);
  pointer-events:none;z-index:0;
}
.wrap{max-width:var(--maxw);margin:0 auto;padding:0 28px;position:relative;z-index:1}
a{color:inherit;text-decoration:none}

/* ---------- HEADER ---------- */
.top{
  position:sticky;top:0;z-index:50;
  background:rgba(22,19,15,.82);
  backdrop-filter:saturate(140%) blur(8px);
  border-bottom:1px solid var(--hair);
}
.top-in{display:flex;align-items:center;justify-content:space-between;height:64px}
.mark{
  font-family:"Fraunces",serif;font-weight:900;font-size:22px;
  letter-spacing:.04em;line-height:1;
}
.mark small{
  display:block;font-family:"IBM Plex Mono",monospace;font-weight:500;
  font-size:9px;letter-spacing:.32em;color:var(--muted);margin-top:3px;
}
.nav{display:flex;gap:26px;align-items:center;font-family:"IBM Plex Mono",monospace;
  font-size:12px;letter-spacing:.12em;text-transform:uppercase;color:var(--bone-dim)}
.nav a{position:relative;padding:6px 0;transition:color .2s}
.nav a::after{content:"";position:absolute;left:0;bottom:0;height:1px;width:0;background:var(--brass);transition:width .25s}
.nav a:hover{color:var(--bone)}
.nav a:hover::after{width:100%}
.nav .sub{
  border:1px solid var(--brass);color:var(--brass);
  padding:8px 14px;border-radius:2px;transition:all .2s;
}
.nav .sub:hover{background:var(--brass);color:var(--ink)}
.nav .sub::after{display:none}
.burger{display:none;background:none;border:1px solid var(--hair);color:var(--bone);
  font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.1em;padding:8px 12px;border-radius:2px;cursor:pointer}

/* ---------- TICKER ---------- */
.ticker{border-bottom:1px solid var(--hair);background:var(--ink-2);overflow:hidden}
.ticker-track{
  display:inline-flex;gap:42px;white-space:nowrap;padding:9px 0;
  font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.18em;
  color:var(--muted);text-transform:uppercase;
  animation:slide 36s linear infinite;
}
.ticker:hover .ticker-track{animation-play-state:paused}
.ticker-track span b{color:var(--brass);font-weight:600;margin-right:6px}
@keyframes slide{from{transform:translateX(0)}to{transform:translateX(-50%)}}

/* ---------- MASTHEAD ---------- */
.mast{padding:86px 0 64px;border-bottom:1px solid var(--hair)}
.eyebrow{
  font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.34em;
  text-transform:uppercase;color:var(--brass);margin-bottom:26px;
}
.mast h1{
  font-family:"Fraunces",serif;font-weight:900;
  font-size:clamp(38px,6.4vw,82px);line-height:1.02;letter-spacing:-.015em;
  max-width:16ch;
}
.mast h1 em{font-style:italic;font-weight:600;color:var(--brass)}
.mast .dek{
  margin-top:30px;max-width:54ch;font-size:21px;color:var(--bone-dim);
}
.mast .row{
  margin-top:42px;display:flex;gap:34px;flex-wrap:wrap;align-items:center;
  font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.12em;
  text-transform:uppercase;color:var(--muted);
}
.mast .row span b{color:var(--bone);font-weight:500}

/* reveal */
.rv{opacity:0;transform:translateY(20px);transition:opacity .7s ease, transform .7s ease}
.rv.in{opacity:1;transform:none}

/* ---------- STANCE ---------- */
.stance{
  display:inline-flex;align-items:center;gap:8px;
  font-family:"IBM Plex Mono",monospace;font-weight:600;font-size:11px;
  letter-spacing:.16em;text-transform:uppercase;
  padding-bottom:3px;border-bottom:2px solid;
}
.stance i{width:9px;height:9px;border-radius:1px;display:inline-block}
.stance.bear{color:var(--bear);border-color:var(--bear)} .stance.bear i{background:var(--bear)}
.stance.bull{color:var(--bull);border-color:var(--bull)} .stance.bull i{background:var(--bull)}
.stance.neu{color:var(--neutral);border-color:var(--neutral)} .stance.neu i{background:var(--neutral)}

/* ---------- LEAD ---------- */
.lead{padding:64px 0;border-bottom:1px solid var(--hair)}
.lead-tag{font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.28em;
  text-transform:uppercase;color:var(--muted);margin-bottom:24px}
.lead-grid{display:grid;grid-template-columns:1.45fr .95fr;gap:54px;align-items:start}
.lead h2{
  font-family:"Fraunces",serif;font-weight:900;
  font-size:clamp(30px,4vw,52px);line-height:1.05;letter-spacing:-.01em;margin:18px 0 0;
}
.lead h2 a{transition:color .2s}
.lead h2 a:hover{color:var(--brass)}
.lead .dek{margin-top:20px;font-size:20px;color:var(--bone-dim);max-width:46ch}
.lead .meta{margin-top:28px;font-family:"IBM Plex Mono",monospace;font-size:12px;
  letter-spacing:.1em;text-transform:uppercase;color:var(--muted);display:flex;gap:22px;flex-wrap:wrap}
.lead .read{margin-top:30px;display:inline-flex;align-items:center;gap:10px;
  font-family:"IBM Plex Mono",monospace;font-size:13px;letter-spacing:.1em;
  text-transform:uppercase;color:var(--brass);transition:gap .2s}
.lead .read:hover{gap:18px}
.pull{
  border-left:2px solid var(--brass);padding:6px 0 6px 26px;
  font-family:"Fraunces",serif;font-style:italic;font-weight:400;
  font-size:clamp(21px,2.4vw,28px);line-height:1.32;color:var(--bone);
}
.pull cite{display:block;margin-top:18px;font-family:"IBM Plex Mono",monospace;
  font-style:normal;font-size:11px;letter-spacing:.2em;text-transform:uppercase;color:var(--muted)}

/* ---------- INDEX ---------- */
.index{padding:64px 0 28px}
.sec-head{display:flex;align-items:baseline;justify-content:space-between;
  border-bottom:1px solid var(--hair);padding-bottom:16px;margin-bottom:6px}
.sec-head h3{font-family:"Fraunces",serif;font-weight:600;font-size:24px;letter-spacing:.01em}
.sec-head span{font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.22em;
  text-transform:uppercase;color:var(--muted)}

.post{
  display:grid;grid-template-columns:170px 1fr 120px;gap:30px;align-items:center;
  padding:30px 14px;border-bottom:1px solid var(--hair);
  margin:0 -14px;transition:background .25s;
}
.post:hover{background:var(--ink-2)}
.post .col-meta{display:flex;flex-direction:column;gap:14px}
.post .date{font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.1em;color:var(--muted)}
.post h4{font-family:"Fraunces",serif;font-weight:600;font-size:clamp(22px,2.5vw,29px);
  line-height:1.12;letter-spacing:-.005em;transition:color .2s}
.post:hover h4{color:var(--brass)}
.post .dek{margin-top:9px;font-style:italic;color:var(--bone-dim);font-size:17px;max-width:60ch}
.post .col-end{text-align:right;font-family:"IBM Plex Mono",monospace;font-size:12px;
  letter-spacing:.08em;text-transform:uppercase;color:var(--muted)}
.post .arrow{display:inline-block;margin-top:8px;color:var(--bone-dim);transition:transform .25s,color .2s}
.post:hover .arrow{transform:translateX(6px);color:var(--brass)}

.more{display:flex;justify-content:center;padding:48px 0}
.more a{font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.2em;
  text-transform:uppercase;color:var(--bone);border:1px solid var(--hair);
  padding:14px 28px;border-radius:2px;transition:all .2s}
.more a:hover{border-color:var(--brass);color:var(--brass)}

/* ---------- MANIFESTO ---------- */
.creed{padding:78px 0;border-top:1px solid var(--hair);border-bottom:1px solid var(--hair);
  background:var(--ink-2)}
.creed .wrap{display:grid;grid-template-columns:1fr 1fr;gap:54px;align-items:start}
.creed h3{font-family:"Fraunces",serif;font-weight:900;font-size:clamp(28px,3.6vw,46px);
  line-height:1.08;letter-spacing:-.01em}
.creed h3 em{font-style:italic;color:var(--brass);font-weight:600}
.creed p{color:var(--bone-dim);font-size:19px;max-width:48ch}
.creed p+p{margin-top:18px}
.laws{display:flex;flex-direction:column;gap:22px}
.law{display:grid;grid-template-columns:auto 1fr;gap:20px;align-items:baseline;
  padding-bottom:22px;border-bottom:1px solid var(--hair)}
.law:last-child{border-bottom:none}
.law .no{font-family:"IBM Plex Mono",monospace;font-size:13px;color:var(--brass);letter-spacing:.1em}
.law .txt b{font-family:"Fraunces",serif;font-weight:600;font-size:20px;display:block;margin-bottom:6px}
.law .txt span{color:var(--muted);font-size:16px}

/* ---------- SUBSCRIBE ---------- */
.sub-sec{padding:84px 0;text-align:center}
.sub-sec .eyebrow{margin-bottom:18px}
.sub-sec h3{font-family:"Fraunces",serif;font-weight:900;font-size:clamp(28px,4vw,48px);
  line-height:1.06;max-width:18ch;margin:0 auto}
.sub-sec p{color:var(--bone-dim);margin:20px auto 0;max-width:44ch;font-size:19px}
.form{display:flex;gap:10px;max-width:480px;margin:34px auto 0}
.form input{flex:1;background:var(--ink-2);border:1px solid var(--hair);color:var(--bone);
  padding:15px 16px;border-radius:2px;font-family:"IBM Plex Mono",monospace;font-size:13px;letter-spacing:.04em}
.form input:focus{outline:none;border-color:var(--brass)}
.form button{background:var(--brass);color:var(--ink);border:none;padding:0 24px;border-radius:2px;
  font-family:"IBM Plex Mono",monospace;font-weight:600;font-size:12px;letter-spacing:.14em;
  text-transform:uppercase;cursor:pointer;transition:opacity .2s}
.form button:hover{opacity:.86}
.note{margin-top:16px;font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.1em;
  color:var(--bull);min-height:14px;text-transform:uppercase}

/* ---------- FOOTER ---------- */
footer{border-top:1px solid var(--hair);padding:44px 0}
.foot{display:flex;align-items:center;justify-content:space-between;flex-wrap:wrap;gap:20px}
.foot .mark{font-size:18px}
.foot nav{display:flex;gap:24px;font-family:"IBM Plex Mono",monospace;font-size:11px;
  letter-spacing:.14em;text-transform:uppercase;color:var(--muted)}
.foot nav a:hover{color:var(--brass)}
.foot .cp{width:100%;font-family:"IBM Plex Mono",monospace;font-size:11px;letter-spacing:.08em;
  color:var(--muted);border-top:1px solid var(--hair);padding-top:22px}

/* ---------- ARTICLE PAGE ---------- */
.back{display:inline-flex;align-items:center;gap:8px;margin:40px 0 0;
  font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.14em;
  text-transform:uppercase;color:var(--muted);transition:color .2s,gap .2s}
.back:hover{color:var(--brass);gap:14px}
.art-head{padding:30px 0 48px;border-bottom:1px solid var(--hair);max-width:780px}
.art-head h1{font-family:"Fraunces",serif;font-weight:900;
  font-size:clamp(32px,5vw,60px);line-height:1.04;letter-spacing:-.015em;margin:18px 0 0}
.art-head .meta{margin-top:26px;font-family:"IBM Plex Mono",monospace;font-size:12px;
  letter-spacing:.1em;text-transform:uppercase;color:var(--muted);display:flex;gap:22px;flex-wrap:wrap}
.article{max-width:680px;padding:48px 0 24px;font-size:20px;line-height:1.72;color:var(--bone-dim)}
.article h2{font-family:"Fraunces",serif;font-weight:600;color:var(--bone);
  font-size:clamp(24px,3vw,34px);line-height:1.16;margin:48px 0 8px;letter-spacing:-.01em}
.article h3{font-family:"Fraunces",serif;font-weight:600;color:var(--bone);
  font-size:22px;margin:36px 0 6px}
.article p{margin:20px 0}
.article a{color:var(--brass);text-decoration:underline;text-underline-offset:3px;text-decoration-thickness:1px}
.article strong{color:var(--bone);font-weight:600}
.article em{font-style:italic}
.article ul,.article ol{margin:20px 0;padding-left:26px}
.article li{margin:10px 0}
.article blockquote{border-left:2px solid var(--brass);margin:32px 0;padding:4px 0 4px 24px;
  font-family:"Fraunces",serif;font-style:italic;font-size:clamp(21px,2.4vw,26px);
  line-height:1.34;color:var(--bone)}
.article hr{border:none;border-top:1px solid var(--hair);margin:44px 0}
.article code{font-family:"IBM Plex Mono",monospace;font-size:.86em;background:var(--ink-2);
  border:1px solid var(--hair);border-radius:3px;padding:2px 6px;color:var(--bone)}
.article img{max-width:100%;height:auto;border-radius:3px;margin:28px 0}
.article,.article li,.article p{overflow-wrap:anywhere;word-break:break-word}
.article table{
  display:block;
  max-width:100%;
  overflow-x:auto;
  -webkit-overflow-scrolling:touch;
  border-collapse:collapse;
  margin:28px 0;
  font-family:"IBM Plex Mono",monospace;
  font-size:14px;
}
.article th,.article td{
  padding:10px 16px;
  border:1px solid var(--hair);
  text-align:left;
  white-space:nowrap;
}
.article th{
  background:var(--ink-2);
  color:var(--bone);
  font-weight:600;
  font-size:12px;
  letter-spacing:.04em;
  text-transform:uppercase;
}
.art-foot{max-width:680px;border-top:1px solid var(--hair);margin-top:40px;padding:34px 0 0}
.art-foot .by{font-family:"IBM Plex Mono",monospace;font-size:12px;letter-spacing:.1em;
  text-transform:uppercase;color:var(--muted)}
.loading{max-width:680px;padding:60px 0;color:var(--muted);
  font-family:"IBM Plex Mono",monospace;font-size:13px;letter-spacing:.1em}

/* ---------- RESPONSIVE ---------- */
@media(max-width:880px){
  .lead-grid{grid-template-columns:1fr;gap:38px}
  .creed .wrap{grid-template-columns:1fr;gap:40px}
  .post{grid-template-columns:1fr;gap:16px;padding:26px 14px}
  .post .col-meta{flex-direction:row;align-items:center;gap:18px}
  .post .col-end{text-align:left}
  .post .arrow{margin-top:0}
}
@media(max-width:640px){
  body{font-size:17px}
  .nav{display:none}
  .nav.open{display:flex;position:absolute;top:64px;left:0;right:0;flex-direction:column;
    gap:0;background:var(--ink);border-bottom:1px solid var(--hair);padding:8px 28px 18px}
  .nav.open a{padding:14px 0;border-bottom:1px solid var(--hair)}
  .nav.open .sub{margin-top:14px;text-align:center}
  .burger{display:block}
  .mast{padding:60px 0 48px}
  .form{flex-direction:column}
  .article{font-size:18px}
  .article th,.article td{padding:8px 12px;font-size:13px}
}
@media(max-width:420px){
  .wrap{padding:0 18px}
}
@media(prefers-reduced-motion:reduce){
  *{animation:none!important;scroll-behavior:auto}
  .rv{opacity:1;transform:none;transition:none}
}
.art-layout{display:block}
.art-layout.has-side{display:grid;grid-template-columns:1fr;gap:40px}
@media(min-width:900px){
  .art-layout.has-side{grid-template-columns:1fr 320px;align-items:start}
  .art-layout.has-side .art-side{position:sticky;top:100px}
}