:root {
  --bg: #f8f6f1;
  --surface: #fffdf9;
  --text: #161513;
  --muted: #635f58;
  --line: #d8d1c7;
  --accent: #274762;
  --accent-soft: #f2eee7;
  --shadow: 0 1px 0 rgba(22, 21, 19, 0.04);
  --ui-font: -apple-system, BlinkMacSystemFont, "Segoe UI", sans-serif;
  --serif-font: "Iowan Old Style", "Palatino Linotype", "Book Antiqua", Georgia,
    serif;
  --max-width: 75rem;
  --reading-width: 44rem;
}

*,
*::before,
*::after {
  box-sizing: border-box;
}

html {
  font-size: 16px;
  scroll-behavior: smooth;
}

body {
  margin: 0;
  background: var(--bg);
  color: var(--text);
  font-family: var(--serif-font);
  font-size: 1.0625rem;
  line-height: 1.74;
}

::selection {
  background: rgba(39, 71, 98, 0.16);
}

a {
  color: var(--accent);
  text-decoration-thickness: 0.08em;
  text-underline-offset: 0.16em;
}

a:hover {
  text-decoration-thickness: 0.12em;
}

a:focus-visible,
button:focus-visible,
summary:focus-visible {
  outline: 2px solid var(--accent);
  outline-offset: 3px;
}

img {
  max-width: 100%;
  display: block;
}

p,
ul,
ol,
blockquote,
table {
  margin-top: 0;
}

p {
  margin-bottom: 1.25rem;
}

ul,
ol {
  margin-bottom: 1.35rem;
  padding-left: 1.2rem;
}

li {
  margin-bottom: 0.65rem;
}

h1,
h2,
h3 {
  margin: 0 0 1rem;
  color: var(--text);
  font-weight: 400;
  line-height: 1.16;
  letter-spacing: -0.015em;
}

h1 {
  font-size: clamp(2.35rem, 5vw, 3.7rem);
}

h2 {
  font-size: clamp(1.5rem, 3vw, 2rem);
}

h3 {
  font-size: 1.18rem;
}

hr {
  border: 0;
  border-top: 1px solid var(--line);
  margin: 2rem 0;
}

table {
  width: 100%;
  border-collapse: collapse;
  font-family: var(--ui-font);
  font-size: 0.94rem;
}

th,
td {
  padding: 0.9rem 0;
  text-align: left;
  vertical-align: top;
  border-top: 1px solid var(--line);
}

th {
  color: var(--muted);
  font-weight: 500;
}

.site-shell {
  width: min(calc(100% - 2.5rem), var(--max-width));
  margin: 0 auto;
}

.skip-link {
  position: absolute;
  top: -3rem;
  left: 1rem;
  z-index: 10;
  padding: 0.55rem 0.8rem;
  background: var(--surface);
  color: var(--text);
  border: 1px solid var(--line);
  text-decoration: none;
  box-shadow: var(--shadow);
}

.skip-link:focus {
  top: 1rem;
}

.site-header {
  position: sticky;
  top: 0;
  z-index: 20;
  background: rgba(248, 246, 241, 0.96);
  backdrop-filter: blur(10px);
  border-bottom: 1px solid var(--line);
}

.site-header-inner {
  display: flex;
  flex-wrap: wrap;
  align-items: center;
  justify-content: space-between;
  gap: 1rem;
  padding: 1rem 0 1.05rem;
}

.site-title {
  margin: 0;
}

.site-title a {
  color: var(--text);
  text-decoration: none;
}

.site-logo-link {
  display: inline-flex;
  align-items: center;
}

.site-logo {
  display: block;
  width: min(15rem, 42vw);
  height: auto;
}

.site-nav {
  display: flex;
  flex-wrap: wrap;
  gap: 1rem;
  font-family: var(--ui-font);
  font-size: 0.96rem;
}

.site-nav a {
  color: var(--muted);
  text-decoration: none;
  border-bottom: 1px solid transparent;
  padding-bottom: 0.15rem;
}

.site-nav a:hover,
.site-nav a[aria-current="page"] {
  color: var(--text);
  border-color: currentColor;
}

main {
  padding: 2.4rem 0 4rem;
}

.page-intro {
  max-width: 48rem;
  margin-bottom: 3rem;
}

.page-intro--narrow,
.page-section--narrow {
  max-width: var(--reading-width);
}

.eyebrow {
  margin-bottom: 0.85rem;
  font-family: var(--ui-font);
  font-size: 0.8rem;
  letter-spacing: 0.12em;
  text-transform: uppercase;
  color: var(--muted);
}

.home-tagline {
  margin-bottom: 1.1rem;
  font-family: var(--ui-font);
  font-size: 1.02rem;
  color: var(--muted);
}

.lede {
  font-size: 1.17rem;
  line-height: 1.76;
  color: var(--text);
}

.page-section + .page-section {
  margin-top: 3rem;
}

.section-heading-row {
  display: flex;
  flex-wrap: wrap;
  align-items: baseline;
  justify-content: space-between;
  gap: 0.75rem 1rem;
  margin-bottom: 0.75rem;
}

.section-link,
.section-note,
.back-link,
.small-print,
.byline,
.post-pagination-label {
  font-family: var(--ui-font);
  font-size: 0.95rem;
}

.section-note,
.small-print,
.byline,
.pick-meta,
.post-pagination-label {
  color: var(--muted);
}

.card-list,
.archive-list {
  list-style: none;
  padding: 0;
  margin: 0;
}

.pick-card,
.archive-item {
  border-top: 1px solid var(--line);
  padding: 1.15rem 0 1.3rem;
}

.pick-card:last-child,
.archive-item:last-child {
  border-bottom: 1px solid var(--line);
}

.pick-card-kicker {
  margin-bottom: 0.45rem;
  font-family: var(--ui-font);
  font-size: 0.9rem;
  color: var(--muted);
}

.pick-card h3 {
  margin-bottom: 0.55rem;
  font-size: 1.48rem;
}

.pick-card h3 a {
  color: var(--text);
  text-decoration: none;
}

.pick-card h3 a:hover {
  color: var(--accent);
}

.pick-meta {
  display: flex;
  flex-wrap: wrap;
  gap: 0.5rem;
  margin-bottom: 0.55rem;
}

.stocks-covered-line {
  display: flex;
  flex-wrap: wrap;
  gap: 0.45rem 0.75rem;
  margin-bottom: 0.6rem;
  font-family: var(--ui-font);
  font-size: 0.92rem;
}

.stocks-covered-label {
  color: var(--muted);
}

.stocks-covered-value {
  color: var(--text);
}

.stock-quote-link {
  color: var(--accent);
  text-decoration-thickness: 0.08em;
  text-underline-offset: 0.14em;
}

.stock-quote-link:hover {
  text-decoration-thickness: 0.12em;
}

.company-site-link {
  color: var(--accent);
  text-decoration-thickness: 0.08em;
  text-underline-offset: 0.14em;
}

.company-site-link:hover {
  text-decoration-thickness: 0.12em;
}

.archive-item-row {
  display: grid;
  grid-template-columns: minmax(9rem, 12rem) minmax(0, 1fr);
  gap: 1rem 1.4rem;
  align-items: start;
}

.archive-date {
  margin-bottom: 0;
  font-family: var(--ui-font);
  font-size: 0.9rem;
  color: var(--muted);
}

.archive-content .pick-meta {
  margin-bottom: 0.7rem;
}

.archive-title {
  margin-bottom: 0.35rem;
  font-size: 1.12rem;
}

.archive-title a {
  color: var(--text);
  text-decoration: none;
}

.archive-title a:hover {
  color: var(--accent);
}

.no-script,
.summary-box,
.callout {
  background: var(--surface);
  border: 1px solid var(--line);
  box-shadow: var(--shadow);
}

.no-script {
  margin-top: 1rem;
  padding: 1rem 1.1rem;
  max-width: var(--reading-width);
}

.article {
  max-width: var(--reading-width);
}

.article-header {
  margin-bottom: 2rem;
}

.article-deck {
  font-size: 1.17rem;
  color: var(--text);
}

.meta-grid {
  display: grid;
  grid-template-columns: repeat(auto-fit, minmax(10rem, 1fr));
  gap: 1rem;
  padding: 1rem 0;
  margin: 1.6rem 0 2rem;
  border-top: 1px solid var(--line);
  border-bottom: 1px solid var(--line);
}

.meta-item dt {
  margin-bottom: 0.28rem;
  font-family: var(--ui-font);
  font-size: 0.78rem;
  letter-spacing: 0.1em;
  text-transform: uppercase;
  color: var(--muted);
}

.meta-item dd {
  margin: 0;
  font-family: var(--ui-font);
  font-size: 0.96rem;
  line-height: 1.5;
}

.summary-box {
  margin-bottom: 2rem;
  padding: 1.2rem 1.25rem 0.15rem;
}

.summary-heading {
  margin-bottom: 0.85rem;
  font-family: var(--ui-font);
  font-size: 0.98rem;
  line-height: 1.4;
}

.article section + section {
  margin-top: 2rem;
}

.article h2 {
  margin-top: 0;
  padding-top: 1.25rem;
  border-top: 1px solid var(--line);
}

.callout {
  margin: 1.5rem 0;
  padding: 1rem 1.15rem 0.15rem;
  border-left: 3px solid var(--accent);
}

.table-wrap {
  overflow-x: auto;
  margin: 1.25rem 0 1.75rem;
}

.chart-grid {
  display: grid;
  gap: 1rem;
  margin: 1.4rem 0 0;
}

.chart-grid--two {
  grid-template-columns: repeat(2, minmax(0, 1fr));
}

.chart-card {
  margin: 0;
  padding: 1rem 1rem 0.95rem;
  background: var(--surface);
  border: 1px solid var(--line);
  box-shadow: var(--shadow);
}

.chart-card h3 {
  margin-bottom: 0.35rem;
  font-family: var(--ui-font);
  font-size: 1rem;
  font-weight: 600;
  letter-spacing: 0;
}

.chart-summary,
.chart-note,
.chart-metrics,
.chart-axis-note {
  font-family: var(--ui-font);
}

.chart-summary,
.chart-note {
  margin-bottom: 0;
  font-size: 0.92rem;
  line-height: 1.65;
  color: var(--muted);
}

.chart-note {
  margin-top: 0.8rem;
}

.chart-card-header {
  display: flex;
  flex-wrap: wrap;
  justify-content: space-between;
  gap: 0.75rem 1rem;
  align-items: baseline;
}

.chart-metrics {
  display: flex;
  flex-wrap: wrap;
  gap: 0.5rem 1rem;
  font-size: 0.86rem;
  line-height: 1.4;
  color: var(--muted);
}

.chart-metrics strong {
  color: var(--text);
  font-weight: 600;
}

.chart-svg {
  display: block;
  width: 100%;
  height: auto;
  margin-top: 0.9rem;
}

.chart-axis-note {
  margin-top: 0.35rem;
  font-size: 0.8rem;
  color: var(--muted);
}

.chart-event-list {
  margin: 0.8rem 0 0;
  padding: 0;
  list-style: none;
  display: grid;
  gap: 0.35rem;
  font-family: var(--ui-font);
  font-size: 0.84rem;
  color: var(--muted);
}

.chart-event-list strong {
  color: var(--text);
  font-weight: 600;
}

.chart-line-main {
  fill: none;
  stroke: #9e7f2d;
  stroke-width: 2.5;
  stroke-linecap: round;
  stroke-linejoin: round;
}

.chart-line-secondary {
  fill: none;
  stroke: #a0665d;
  stroke-width: 2;
  stroke-linecap: round;
  stroke-linejoin: round;
  stroke-dasharray: 6 5;
}

.chart-area-main {
  fill: rgba(158, 127, 45, 0.12);
}

.chart-area-danger {
  fill: rgba(160, 102, 93, 0.1);
}

.chart-gridline,
.chart-axis {
  stroke: var(--line);
  stroke-width: 1;
}

.chart-label,
.chart-tick {
  fill: var(--muted);
  font-family: var(--ui-font);
}

.chart-label {
  font-size: 12px;
}

.chart-tick {
  font-size: 11px;
}

.chart-dot-main {
  fill: #9e7f2d;
}

.chart-dot-secondary {
  fill: #a0665d;
}

.chart-bar {
  fill: #b7afa2;
}

.chart-bar--major {
  fill: #7f8f9c;
}

.chart-bar--total {
  fill: #9e7f2d;
}

.article-footer {
  margin-top: 2.5rem;
  padding-top: 1rem;
  border-top: 1px solid var(--line);
}

.checklist {
  list-style: square;
}

.post-pagination {
  display: grid;
  grid-template-columns: repeat(2, minmax(0, 1fr));
  gap: 1rem;
  margin-top: 2.5rem;
  padding-top: 1.5rem;
  border-top: 1px solid var(--line);
}

.post-pagination-card {
  display: block;
  min-height: 5rem;
  padding: 0.95rem 1rem;
  background: var(--surface);
  border: 1px solid var(--line);
  text-decoration: none;
  box-shadow: var(--shadow);
}

.post-pagination-card:hover {
  border-color: var(--accent);
}

.post-pagination-card--empty {
  visibility: hidden;
}

.post-pagination-card--align-right {
  text-align: right;
}

.post-pagination-title {
  display: block;
  margin-top: 0.2rem;
  color: var(--text);
  font-family: var(--serif-font);
  font-size: 1.05rem;
  line-height: 1.35;
}

.site-footer {
  border-top: 1px solid var(--line);
}

.footer-inner {
  display: flex;
  flex-wrap: wrap;
  justify-content: space-between;
  gap: 0.5rem 1rem;
  padding: 1.25rem 0 2rem;
  font-family: var(--ui-font);
  font-size: 0.92rem;
  color: var(--muted);
}

.footer-inner p {
  margin: 0;
}

@media (max-width: 760px) {
  body {
    font-size: 1rem;
  }

  .site-shell {
    width: min(calc(100% - 1.5rem), var(--max-width));
  }

  .page-intro,
  .page-intro--narrow,
  .page-section--narrow,
  .article {
    max-width: 100%;
  }

  .archive-item-row,
  .post-pagination,
  .chart-grid--two {
    grid-template-columns: 1fr;
  }

  .post-pagination-card--align-right {
    text-align: left;
  }

  .meta-grid {
    grid-template-columns: repeat(2, minmax(0, 1fr));
  }
}

@media (max-width: 540px) {
  .site-header-inner,
  .footer-inner,
  .section-heading-row {
    align-items: flex-start;
  }

  .site-logo {
    width: min(12rem, 58vw);
  }

  .meta-grid {
    grid-template-columns: 1fr;
  }
}