:root {
  --bg: #f6f5f1;
  --bg-2: #efede7;
  --ink: #161616;
  --ink-2: #4a4a46;
  --ink-3: #8a8983;
  --line: #e0ddd5;
  --line-2: #d2cec4;
  --accent: #8a6a3b;
  --up: #2f6b48;
  --down: #9a3b30;
  --serif: "Newsreader", Georgia, "Times New Roman", serif;
  --sans: "Inter", system-ui, -apple-system, "Segoe UI", sans-serif;
  --mono: "IBM Plex Mono", ui-monospace, Menlo, monospace;
  --wrap: 1200px;
  --ease: cubic-bezier(.2, .7, .2, 1);
}

*, *::before, *::after { box-sizing: border-box; }
html { scroll-behavior: smooth; scroll-padding-top: 72px; }
body {
  margin: 0;
  background: var(--bg);
  color: var(--ink);
  font-family: var(--sans);
  font-size: 15px;
  line-height: 1.6;
  -webkit-font-smoothing: antialiased;
  overflow-x: hidden;
}
a { color: inherit; text-decoration: none; }
button { font: inherit; color: inherit; background: none; border: 0; cursor: pointer; padding: 0; }
img, svg, canvas { display: block; }
h1, h2, h3 { font-family: var(--serif); font-weight: 400; letter-spacing: -0.01em; margin: 0; }
p { margin: 0; }

.wrap { width: 100%; max-width: var(--wrap); margin: 0 auto; padding: 0 32px; }
.narrow { max-width: 920px; }

/* ---------- Header ---------- */
.site-header {
  position: fixed; inset: 0 0 auto 0; z-index: 50;
  background: color-mix(in srgb, var(--bg) 88%, transparent);
  backdrop-filter: blur(10px);
  border-bottom: 1px solid var(--line);
}
.header-inner { display: flex; align-items: center; justify-content: space-between; height: 60px; }
.brand { display: inline-flex; align-items: center; gap: 10px; font-family: var(--mono); font-size: 12px; font-weight: 500; letter-spacing: .22em; text-transform: uppercase; }
.brand-mark { width: 20px; height: 20px; }
.brand.big { font-size: 15px; }
.brand.big .brand-mark { width: 28px; height: 28px; }

.main-nav { display: flex; align-items: center; gap: 34px; }
.nav-link {
  font-family: var(--mono); font-size: 11px; letter-spacing: .14em; text-transform: uppercase;
  color: var(--ink-2); transition: color .2s;
}
.nav-link:hover, .nav-item:hover > .nav-link { color: var(--ink); }
.nav-item { position: relative; }
.nav-item.has-menu > .nav-link::after { content: "+"; margin-left: 6px; color: var(--ink-3); }
.mega {
  position: absolute; top: calc(100% + 20px); left: 50%;
  translate: -50% 6px; opacity: 0; visibility: hidden;
  width: 560px; padding: 10px;
  display: grid; grid-template-columns: 1fr 1fr; gap: 2px;
  background: var(--bg); border: 1px solid var(--line);
  box-shadow: 0 20px 40px -20px rgba(0,0,0,.15);
  transition: opacity .2s, translate .25s var(--ease), visibility .2s;
}
.mega::before { content: ""; position: absolute; inset: -22px 0 auto 0; height: 22px; }
.nav-item:hover .mega, .nav-item:focus-within .mega { opacity: 1; visibility: visible; translate: -50% 0; }
.mega a { padding: 12px 14px; display: flex; flex-direction: column; gap: 2px; transition: background .15s; }
.mega a:hover { background: var(--bg-2); }
.mega strong { font-family: var(--serif); font-weight: 400; font-size: 16px; }
.mega span { font-size: 12.5px; color: var(--ink-3); line-height: 1.4; }
.tag { font-style: normal; font-family: var(--mono); font-size: 9px; letter-spacing: .1em; text-transform: uppercase; color: var(--accent); border: 1px solid currentColor; padding: 1px 5px; margin-left: 6px; vertical-align: 2px; }

.header-actions { display: flex; align-items: center; gap: 20px; }
.signin { color: var(--ink); padding-left: 20px; border-left: 1px solid var(--line-2); }
.menu-toggle { display: none; width: 28px; height: 28px; position: relative; }
.menu-toggle span { position: absolute; left: 4px; right: 4px; height: 1px; background: var(--ink); transition: transform .3s var(--ease), top .3s; }
.menu-toggle span:first-child { top: 11px; }
.menu-toggle span:last-child { top: 17px; }
.menu-toggle[aria-expanded="true"] span:first-child { top: 14px; transform: rotate(45deg); }
.menu-toggle[aria-expanded="true"] span:last-child { top: 14px; transform: rotate(-45deg); }
.mobile-nav { border-top: 1px solid var(--line); padding: 8px 16px 20px; display: flex; flex-direction: column; }
.mobile-nav[hidden] { display: none; }
.mobile-nav a { font-family: var(--serif); font-size: 26px; padding: 10px 0; border-bottom: 1px solid var(--line); }

/* ---------- Hero ---------- */
.hero { position: relative; min-height: 100vh; min-height: 100svh; display: flex; flex-direction: column; justify-content: center; align-items: center; padding: 90px 0 110px; overflow: hidden; }
.hero-art { width: min(640px, 92vw); height: clamp(220px, 40vh, 400px); margin-bottom: 4px; }
.hero-copy { position: relative; text-align: center; }
.eyebrow { font-family: var(--mono); font-size: 11px; letter-spacing: .3em; text-transform: uppercase; color: var(--ink-3); margin-bottom: 20px; }
.hero h1 { font-size: clamp(44px, 7vw, 92px); line-height: 1.02; letter-spacing: -0.02em; }
.lede { max-width: 480px; margin: 26px auto 0; color: var(--ink-2); font-size: 15px; }
.hero-cta { margin-top: 34px; display: flex; gap: 12px; justify-content: center; flex-wrap: wrap; }
.btn {
  display: inline-flex; align-items: center; justify-content: center; height: 46px; padding: 0 26px;
  font-family: var(--mono); font-size: 11px; letter-spacing: .16em; text-transform: uppercase;
  transition: background .2s, color .2s, border-color .2s;
}
.btn-dark { background: var(--ink); color: var(--bg); border: 1px solid var(--ink); }
.btn-dark:hover { background: #333; }
.btn-ghost { border: 1px solid var(--line-2); }
.btn-ghost:hover { border-color: var(--ink); }
.scroll-cue { position: absolute; bottom: 36px; left: 50%; width: 1px; height: 44px; background: var(--line-2); overflow: hidden; }
.scroll-cue span { position: absolute; left: 0; width: 1px; height: 14px; background: var(--ink); animation: cue 2.2s var(--ease) infinite; }
@keyframes cue { from { top: -14px; } to { top: 44px; } }

/* ---------- Ticker ---------- */
.ticker { border-top: 1px solid var(--line); border-bottom: 1px solid var(--line); overflow: hidden; background: var(--bg); }
.ticker-track { display: flex; width: max-content; animation: tick 50s linear infinite; }
.ticker:hover .ticker-track { animation-play-state: paused; }
.tick { display: flex; gap: 12px; align-items: baseline; padding: 14px 28px; border-right: 1px solid var(--line); font-family: var(--mono); font-size: 12px; white-space: nowrap; }
.tick b { font-weight: 500; letter-spacing: .06em; }
.up { color: var(--up); }
.down { color: var(--down); }
@keyframes tick { to { transform: translateX(-50%); } }

/* ---------- Sections ---------- */
.section { padding: 130px 0; }
.section-head { margin-bottom: 56px; max-width: 640px; }
.kicker { display: flex; align-items: center; gap: 14px; font-family: var(--mono); font-size: 10.5px; letter-spacing: .24em; text-transform: uppercase; color: var(--ink-3); margin-bottom: 22px; }
.rule { width: 28px; height: 1px; background: var(--line-2); }
h2 { font-size: clamp(34px, 4.4vw, 54px); line-height: 1.06; }
.section-sub { margin-top: 18px; color: var(--ink-2); max-width: 520px; }
.num { font-family: var(--mono); font-size: 10px; color: var(--ink-3); letter-spacing: .1em; }

.statement { padding: 150px 0; }
.big-quote { font-family: var(--serif); font-size: clamp(24px, 3vw, 36px); line-height: 1.35; font-weight: 300; }
.muted { color: var(--ink-3); }

/* Cards */
.card-grid { display: grid; grid-template-columns: repeat(3, 1fr); gap: 20px; }
.card { border: 1px solid var(--line); background: var(--bg); display: flex; flex-direction: column; transition: border-color .3s, transform .4s var(--ease); }
.card:hover { border-color: var(--line-2); transform: translateY(-3px); }
.card-art {
  aspect-ratio: 16 / 10; display: grid; place-items: center; margin-bottom: 22px;
  background:
    repeating-linear-gradient(90deg, transparent 0 46px, var(--line) 46px 47px),
    var(--bg-2);
  border-bottom: 1px solid var(--line);
}
.card-art svg { width: 96px; height: 96px; fill: none; stroke: var(--ink-3); stroke-width: 1; transition: stroke .3s, transform .6s var(--ease); }
.card:hover .card-art svg { stroke: var(--ink); transform: rotate(8deg) scale(1.04); }
.card .num, .card h3, .card p, .card .link { padding: 0 24px; }
.card h3 { font-size: 22px; margin: 6px 0 10px; }
.card p { color: var(--ink-2); font-size: 14px; flex: 1; }
.link { display: inline-flex; gap: 8px; margin: 22px 0 24px; font-family: var(--mono); font-size: 10.5px; letter-spacing: .16em; text-transform: uppercase; }
.link span { transition: transform .3s var(--ease); }
.link:hover span { transform: translateX(4px); }

/* Split */
.split { background: var(--bg-2); border-top: 1px solid var(--line); border-bottom: 1px solid var(--line); }
.split-inner { display: grid; grid-template-columns: 1fr 1fr; gap: 80px; align-items: center; }
.split-copy p { color: var(--ink-2); margin-top: 22px; max-width: 460px; }
.checks { list-style: none; padding: 0; margin: 30px 0 0; }
.checks li { padding: 14px 0 14px 28px; border-top: 1px solid var(--line-2); position: relative; font-size: 14px; }
.checks li::before { content: ""; position: absolute; left: 2px; top: 21px; width: 10px; height: 6px; border-left: 1px solid var(--ink); border-bottom: 1px solid var(--ink); transform: rotate(-45deg); }
.split-art { aspect-ratio: 4 / 5; border: 1px solid var(--line-2); background: var(--bg); position: relative; overflow: hidden; }
.arch-art { width: 100%; height: 100%; }

/* Features */
.feature-grid { display: grid; grid-template-columns: 1fr 1fr; border-top: 1px solid var(--line); }
.feature { padding: 30px 32px 34px 0; border-bottom: 1px solid var(--line); }
.feature:nth-child(2n) { padding-left: 32px; border-left: 1px solid var(--line); }
.feature h3 { font-size: 20px; margin: 8px 0 8px; }
.feature p { color: var(--ink-2); font-size: 14px; max-width: 420px; }

/* Market table */
.market-table { margin-top: 70px; border: 1px solid var(--line); font-family: var(--mono); font-size: 13px; }
.mt-head, .mt-row { display: grid; grid-template-columns: 1.4fr 1fr .8fr 1fr .8fr; padding: 14px 22px; align-items: center; }
.mt-head { font-size: 10px; letter-spacing: .18em; text-transform: uppercase; color: var(--ink-3); background: var(--bg-2); border-bottom: 1px solid var(--line); }
.mt-row { border-bottom: 1px solid var(--line); transition: background .15s; }
.mt-row:last-child { border-bottom: 0; }
.mt-row:hover { background: var(--bg-2); }
.mt-row b { font-weight: 500; }
.flash-up { animation: fu 1s; }
.flash-down { animation: fd 1s; }
@keyframes fu { from { background: rgba(47,107,72,.12); } }
@keyframes fd { from { background: rgba(154,59,48,.12); } }

/* Stats */
.stats-band { padding: 90px 0; background: var(--ink); color: var(--bg); }
.stats { display: grid; grid-template-columns: repeat(4, 1fr); }
.stat { padding: 10px 28px; border-left: 1px solid #333; display: flex; flex-direction: column; gap: 8px; }
.stat:first-child { border-left: 0; padding-left: 0; }
.stat-num { font-family: var(--serif); font-size: clamp(38px, 4.4vw, 60px); line-height: 1; font-weight: 300; }
.stat-label { font-family: var(--mono); font-size: 10.5px; letter-spacing: .18em; text-transform: uppercase; color: #9a9890; }

/* Tabs */
.tabs { display: flex; gap: 0; border-bottom: 1px solid var(--line); margin-bottom: 44px; overflow-x: auto; scrollbar-width: none; }
.tab { padding: 14px 22px; font-family: var(--mono); font-size: 11px; letter-spacing: .14em; text-transform: uppercase; color: var(--ink-3); border-bottom: 1px solid transparent; margin-bottom: -1px; white-space: nowrap; transition: color .2s, border-color .2s; }
.tab:hover { color: var(--ink); }
.tab.active { color: var(--ink); border-color: var(--ink); }
.tab-panel { display: none; grid-template-columns: 1.4fr 1fr; gap: 80px; }
.tab-panel.active { display: grid; animation: fadeUp .5s var(--ease); }
.tab-panel h3 { font-size: clamp(24px, 2.6vw, 32px); line-height: 1.2; }
.tab-panel p { color: var(--ink-2); margin-top: 18px; max-width: 560px; }
.mini-list { list-style: none; margin: 0; padding: 0; border-top: 1px solid var(--line); }
.mini-list li { display: flex; justify-content: space-between; gap: 16px; padding: 16px 0; border-bottom: 1px solid var(--line); font-size: 14px; }
.mini-list span { font-family: var(--mono); font-size: 10.5px; letter-spacing: .16em; text-transform: uppercase; color: var(--ink-3); }
@keyframes fadeUp { from { opacity: 0; transform: translateY(10px); } }

/* About */
.about { border-top: 1px solid var(--line); }
.about-inner { display: grid; grid-template-columns: 1fr 1fr; gap: 80px; }
.about-copy p { color: var(--ink-2); margin-bottom: 18px; font-size: 16px; }
.offices { display: grid; grid-template-columns: repeat(3, 1fr); margin-top: 36px; border-top: 1px solid var(--line); }
.offices div { padding-top: 16px; font-family: var(--mono); font-size: 10.5px; letter-spacing: .14em; text-transform: uppercase; color: var(--ink-3); }
.offices span { display: block; font-family: var(--serif); font-size: 20px; letter-spacing: 0; text-transform: none; color: var(--ink); margin-bottom: 2px; }

/* News */
.news-grid { display: grid; grid-template-columns: repeat(3, 1fr); border-top: 1px solid var(--line); }
.news { padding: 28px 28px 34px 0; border-right: 1px solid var(--line); display: flex; flex-direction: column; gap: 12px; }
.news + .news { padding-left: 28px; }
.news:last-child { border-right: 0; }
.news-meta { font-family: var(--mono); font-size: 10.5px; letter-spacing: .12em; text-transform: uppercase; color: var(--ink-3); }
.news h3 { font-size: 22px; line-height: 1.25; transition: color .2s; }
.news p { color: var(--ink-2); font-size: 14px; }
.news:hover h3 { color: var(--accent); }

/* Contact */
.contact { background: var(--bg-2); border-top: 1px solid var(--line); }
.contact-inner { display: grid; grid-template-columns: 1fr 1fr; gap: 80px; align-items: start; }
.contact-inner > div p { color: var(--ink-2); margin-top: 20px; max-width: 400px; }
.contact-form { display: grid; gap: 18px; }
.field { display: flex; flex-direction: column; gap: 8px; }
.field label { font-family: var(--mono); font-size: 10.5px; letter-spacing: .16em; text-transform: uppercase; color: var(--ink-3); }
.field input, .field select {
  height: 46px; padding: 0 14px; font: inherit; color: var(--ink);
  background: var(--bg); border: 1px solid var(--line-2); border-radius: 0; outline: none;
  transition: border-color .2s; appearance: none;
}
.field select { background-image: linear-gradient(45deg, transparent 50%, var(--ink-3) 50%), linear-gradient(135deg, var(--ink-3) 50%, transparent 50%); background-position: calc(100% - 20px) 50%, calc(100% - 15px) 50%; background-size: 5px 5px; background-repeat: no-repeat; }
.field input:focus, .field select:focus { border-color: var(--ink); }
.field.invalid input { border-color: var(--down); }
.contact-form .btn { margin-top: 6px; justify-self: start; }
.form-note { font-size: 13px; min-height: 20px; color: var(--up); }

/* Footer */
.site-footer { padding: 80px 0 40px; border-top: 1px solid var(--line); }
.footer-top { display: flex; align-items: flex-start; justify-content: space-between; gap: 60px; flex-wrap: wrap; padding-bottom: 60px; }
.footer-cols { display: grid; grid-template-columns: repeat(3, minmax(140px, 1fr)); gap: 40px; }
.footer-cols h4 { margin: 0 0 16px; font-family: var(--mono); font-weight: 400; font-size: 10.5px; letter-spacing: .18em; text-transform: uppercase; color: var(--ink-3); }
.footer-cols a { display: block; font-size: 14px; padding: 4px 0; color: var(--ink-2); transition: color .2s; }
.footer-cols a:hover { color: var(--ink); }
.footer-bottom { display: flex; justify-content: space-between; gap: 20px; flex-wrap: wrap; padding-top: 24px; border-top: 1px solid var(--line); font-family: var(--mono); font-size: 11px; color: var(--ink-3); }
.footer-links { display: flex; gap: 22px; }
.footer-links a:hover { color: var(--ink); }
.disclaimer { margin-top: 26px; font-size: 11.5px; color: var(--ink-3); max-width: 760px; line-height: 1.6; }

/* Reveal */
.reveal { opacity: 0; transform: translateY(18px); transition: opacity .9s var(--ease), transform .9s var(--ease); }
.reveal.in { opacity: 1; transform: none; }
@media (prefers-reduced-motion: reduce) {
  .reveal { opacity: 1; transform: none; transition: none; }
  .ticker-track, .scroll-cue span { animation: none; }
  html { scroll-behavior: auto; }
}

/* ---------- Responsive ---------- */
@media (max-width: 1000px) {
  .main-nav { display: none; }
  .menu-toggle { display: block; }
  .card-grid { grid-template-columns: 1fr 1fr; }
  .split-inner, .about-inner, .contact-inner, .tab-panel { grid-template-columns: 1fr; gap: 48px; }
  .split-art { aspect-ratio: 4 / 3; }
  .stats { grid-template-columns: 1fr 1fr; row-gap: 40px; }
  .stat:nth-child(3) { border-left: 0; padding-left: 0; }
}
@media (max-width: 680px) {
  .wrap { padding: 0 16px; }
  .section { padding: 90px 0; }
  .statement { padding: 100px 0; }
  .signin { border-left: 0; padding-left: 0; }
  .card-grid, .feature-grid, .news-grid { grid-template-columns: 1fr; }
  .feature, .feature:nth-child(2n) { padding: 26px 0; border-left: 0; }
  .news, .news + .news { padding: 26px 0; border-right: 0; border-bottom: 1px solid var(--line); }
  .mt-head, .mt-row { grid-template-columns: 1.3fr 1fr .8fr; padding: 14px 16px; }
  .hide-sm { display: none; }
  .stat { padding: 0 0 0 18px; }
  .footer-cols { grid-template-columns: 1fr 1fr; }
  .hero { padding: 80px 0 100px; }
  .hero-art { height: 34vh; }
  .scroll-cue { display: none; }
}