/* Bluegrass Capital Research */
:root{
  --ink:#0f1528; --navy:#202946; --navy-2:#2a3557; --steel:#376a8f; --steel-lt:#8fb3cf;
  --paper:#fff; --paper-2:#f2f5f9; --white:#fff; --rule:#dde3ec; --muted:#5d6475;
  --accent:#376a8f; --accent-lt:#9cc2e0;
  --buy:#2f7d55; --hold:#b07a1e; --sell:#a63a32;
  --serif:"Times New Roman",Tinos,Times,serif; --sans:Bierstadt,"Inter",system-ui,sans-serif; --mono:"IBM Plex Mono",ui-monospace,monospace;
  --wrap:1200px; --r:4px;
}
*{box-sizing:border-box;margin:0;padding:0}
html{scroll-behavior:smooth}
body{font-family:var(--sans);color:var(--ink);background:var(--paper);line-height:1.6;-webkit-font-smoothing:antialiased;overflow-x:hidden}
img{max-width:100%;display:block}
a{color:inherit}
.wrap{max-width:var(--wrap);margin:0 auto;padding:0 24px}
.eyebrow{font-family:var(--sans);font-weight:500;font-size:.74rem;letter-spacing:.2em;text-transform:uppercase;color:var(--steel)}
.dark .eyebrow{color:var(--accent-lt)}
h1,h2,h3{font-family:var(--serif);font-weight:400;line-height:1.15;letter-spacing:-.015em}
h2.sec{font-size:clamp(2rem,4.2vw,3.1rem);margin:.4rem 0 1rem}
.lede{font-size:1.12rem;color:var(--muted);max-width:640px}
.dark .lede{color:#c4cad9}
section{padding:96px 0}
.dark{background:var(--navy);color:var(--white)}
.ink{background:var(--ink);color:var(--white)}

/* ---------- header ---------- */
.site-header{position:sticky;top:0;z-index:50;background:rgba(15,21,40,.97);backdrop-filter:blur(8px);border-bottom:1px solid rgba(255,255,255,.08)}
.site-header .wrap{display:flex;align-items:center;justify-content:space-between;height:72px;gap:24px;max-width:1360px}
.brand img{height:40px;width:auto}
.nav{display:flex;gap:2px;list-style:none}
.nav a{display:block;padding:8px 11px;font-size:.92rem;font-weight:500;letter-spacing:.01em;color:#c9cfdd;text-decoration:none;border-radius:var(--r);transition:color .2s,background .2s;white-space:nowrap}
.nav a:hover{color:#fff;background:rgba(255,255,255,.06)}
.nav a.active{color:#fff;box-shadow:inset 0 -2px 0 var(--accent)}
.nav .sep{width:1px;background:rgba(255,255,255,.14);margin:8px 6px}
/* Apply: a small white button at the end of the menu */
.nav a.nav-apply{margin-left:10px;background:#fff;color:var(--navy);padding:8px 16px;border-radius:0}
.nav a.nav-apply:hover{background:var(--accent-lt);color:var(--navy)}
.nav a.nav-apply.active{box-shadow:none}
.menu-btn{display:none;background:none;border:1px solid rgba(255,255,255,.25);color:#fff;border-radius:var(--r);padding:8px 12px;font:600 .8rem var(--sans);letter-spacing:.08em;cursor:pointer}
@media (max-width:1180px){
  .menu-btn{display:block}
  .nav{position:fixed;inset:72px 0 auto 0;flex-direction:column;background:var(--ink);padding:12px 16px 24px;gap:0;transform:translateY(-120%);transition:transform .3s;border-bottom:1px solid rgba(255,255,255,.1);max-height:calc(100vh - 72px);overflow:auto}
  .nav.open{transform:none}
  .nav a{padding:14px 8px;font-size:.95rem;border-bottom:1px solid rgba(255,255,255,.06)}
  .nav .sep{display:none}
  .nav a.nav-apply{margin:12px 0 0;text-align:center}
  .brand img{height:34px}
}

/* ---------- ticker tape ---------- */
.tape{background:var(--ink);border-top:1px solid rgba(255,255,255,.08);border-bottom:1px solid rgba(255,255,255,.08);overflow:hidden;white-space:nowrap;position:relative}
.tape-track{display:inline-flex;animation:scroll 60s linear infinite;padding:11px 0}
.tape:hover .tape-track{animation-play-state:paused}
.tape a{font-family:var(--sans);font-size:.86rem;color:#c9cfdd;text-decoration:none;padding:0 22px}
.tape a b{color:#fff;font-weight:600;margin-right:8px}
.tape .r-BUY{color:#6fcf9a}.tape .r-HOLD{color:#e5b45a}.tape .r-SELL{color:#f08a80}
@keyframes scroll{from{transform:translateX(0)}to{transform:translateX(-50%)}}

/* ---------- hero ---------- */
/* hero + header (73px) + ticker tape (49px) fill the first screen exactly */
.hero{position:relative;min-height:calc(100vh - 122px);min-height:calc(100svh - 122px);display:flex;align-items:center;color:#fff;overflow:hidden;background:var(--ink);padding:0}
/* desktop: text on navy at left, photo shown unobscured on the right half */
.hero-bg{position:absolute;top:0;bottom:0;right:0;left:30%;background:url(../img/racing/field-turn.jpg) 50% 72%/cover}
.hero::after{content:"";position:absolute;top:0;bottom:0;left:30%;width:42%;background:linear-gradient(90deg,var(--ink) 0%,rgba(15,21,40,.82) 30%,rgba(15,21,40,.4) 65%,rgba(15,21,40,0) 100%)}
.hero .wrap{position:relative;z-index:2;padding-top:clamp(32px,6vh,96px);padding-bottom:clamp(32px,6vh,80px);width:100%}
.hero .wrap>*{max-width:min(620px,42vw)}
.hero h1{font-size:clamp(2.2rem,min(4.6vw,7.2vh),4.6rem)}
.hero h1 em{font-style:italic;color:var(--accent-lt)}
.hero p{font-size:1.15rem;color:#cdd3e0;margin-top:clamp(12px,2.2vh,22px)}
.hero .btns{margin-top:clamp(18px,3.5vh,34px)}
@media (max-width:900px){
  .hero{min-height:0;display:block}
  .hero-bg{position:relative;left:auto;height:56vw;max-height:440px;background-position:50% 75%}
  .hero::after{top:0;left:0;right:0;width:auto;height:56vw;max-height:440px;bottom:auto;background:linear-gradient(0deg,var(--ink),rgba(15,21,40,0) 40%)}
  .hero .wrap{padding-top:8px;padding-bottom:56px}
  .hero .wrap>*{max-width:none}
}

/* ---------- photo band ---------- */
.photo-band{position:relative;min-height:min(62vh,560px);display:flex;align-items:flex-end;color:#fff;background:var(--ink) url(../img/racing/pack-panorama.jpg) center 55%/cover;padding:0}
.photo-band::before{content:"";position:absolute;inset:0;background:linear-gradient(0deg,rgba(15,21,40,.8) 0%,rgba(15,21,40,0) 55%)}
.photo-band .wrap{position:relative;width:100%;padding-bottom:44px}
.band-line{font-family:var(--serif);font-size:clamp(1.6rem,3.4vw,2.6rem);font-weight:400;line-height:1.1;max-width:760px}
.band-sub{font-family:var(--sans);font-weight:500;font-size:1rem;letter-spacing:.02em;color:var(--accent-lt);margin-top:10px}
.btns{display:flex;gap:12px;flex-wrap:wrap;margin-top:30px}
.btn{display:inline-flex;align-items:center;gap:10px;padding:14px 22px;font:600 .82rem var(--sans);letter-spacing:.1em;text-transform:uppercase;text-decoration:none;border-radius:0;border:1px solid transparent;transition:all .2s;cursor:pointer}
.btn-light{background:#fff;color:var(--navy)}
.btn-light:hover{background:var(--accent-lt)}
.btn-ghost{border-color:rgba(255,255,255,.35);color:#fff}
.btn-ghost:hover{background:rgba(255,255,255,.08);border-color:#fff}
.btn-dark{background:var(--navy);color:#fff}
.btn-dark:hover{background:var(--steel)}

/* ---------- mission ---------- */
.mission-grid{display:grid;grid-template-columns:minmax(0,1.1fr) minmax(0,1.2fr);gap:72px;align-items:start}
.mission-title{font-size:clamp(2.4rem,4.4vw,3.8rem);line-height:1.08;color:var(--navy)}
.mission-title span{display:block;color:var(--accent)}
.quote-wall{margin-top:36px;display:grid;gap:18px}
.mission-quote{padding-left:18px;border-left:2px solid var(--accent-lt)}
.mission-quote p{font-family:var(--serif);font-style:italic;font-size:1.08rem;line-height:1.5;color:var(--muted)}
.mission-quote cite{display:block;margin-top:6px;font-style:normal;font-size:.88rem;font-weight:500;color:var(--steel)}
.mission-copy p{font-size:1.06rem;margin-bottom:22px;max-width:640px}
.mission-copy strong{font-weight:600;color:var(--navy)}
.mission-copy .mission-lede{font-family:var(--serif);font-size:clamp(1.3rem,2vw,1.6rem);line-height:1.4;color:var(--navy);margin-bottom:36px}
.track{list-style:none;display:grid;grid-template-columns:repeat(4,1fr);margin-top:88px;border-top:1px solid var(--rule)}
.track li{position:relative;padding:30px 28px 0 0;color:var(--muted);font-size:.94rem}
.track li::before{content:"";position:absolute;top:-6px;left:0;width:11px;height:11px;border-radius:50%;background:var(--accent);box-shadow:0 0 0 4px var(--white)}
.track span{display:block;font-family:var(--serif);font-size:1.4rem;color:var(--ink);margin-bottom:6px}
@media (max-width:900px){
  .mission-grid{grid-template-columns:1fr;gap:32px}
  .track{grid-template-columns:1fr;border-top:0;border-left:1px solid var(--rule);margin-top:56px;margin-left:6px}
  .track li{padding:0 0 28px 28px}
  .track li::before{top:8px;left:-6px}
}

/* ---------- carousel ---------- */
.carousel-sec{background:linear-gradient(180deg,var(--navy) 0%,var(--ink) 100%);color:#fff;overflow:hidden}
.carousel-top{display:flex;justify-content:space-between;align-items:end;gap:24px;flex-wrap:wrap}
.stage{position:relative;height:620px;margin-top:40px;perspective:1600px}
.slide{position:absolute;left:50%;top:0;width:400px;margin-left:-200px;transition:transform .7s cubic-bezier(.2,.8,.2,1),opacity .7s,filter .7s;cursor:pointer;text-decoration:none;color:#fff}
.slide .page{background:#fff;border-radius:2px;box-shadow:0 30px 60px -20px rgba(0,0,0,.6);overflow:hidden;aspect-ratio:8.5/11}
.slide .page img{width:100%;height:100%;object-fit:cover;object-position:top}
.slide .meta{margin-top:18px;text-align:center;opacity:0;transition:opacity .4s}
.slide.is-center .meta{opacity:1}
.slide .meta .t{font-family:var(--serif);font-size:1.35rem;font-style:italic}
.slide .meta .s{font-family:var(--sans);font-size:.78rem;color:#b9c0d1;margin-top:4px}
.ctrls{display:flex;justify-content:center;align-items:center;gap:18px;margin-top:8px}
.ctrls button.arrow{width:48px;height:48px;border-radius:50%;border:1px solid rgba(255,255,255,.3);background:transparent;color:#fff;font-size:1.2rem;cursor:pointer;transition:all .2s}
.ctrls button.arrow:hover{background:#fff;color:var(--ink)}
.dots{display:flex;gap:8px}
.dots button{width:8px;height:8px;border-radius:8px;border:0;background:rgba(255,255,255,.3);cursor:pointer;transition:all .3s;padding:0}
.dots button.on{width:28px;background:var(--accent)}
@media (max-width:640px){.stage{height:500px}.slide{width:280px;margin-left:-140px}}

/* ---------- pitch competition ---------- */
.pitch-head{display:grid;grid-template-columns:1fr 1fr;gap:56px;align-items:center}
.dateline{display:flex;flex-wrap:wrap;align-items:baseline;gap:6px 16px;margin-bottom:20px}
.dateline .event{font-family:var(--serif);font-size:1.3rem;color:var(--navy)}
.dateline .date{font-size:.95rem;color:var(--muted)}
.pitch-head .big{font-family:var(--serif);font-size:clamp(2.1rem,3.5vw,3.3rem);line-height:1.08;font-weight:400;color:var(--navy);margin-bottom:22px}
.pitch-head .big span{color:var(--accent);font-style:italic}
.pitch-head figure img{border-radius:var(--r);box-shadow:0 24px 48px -24px rgba(15,21,40,.5)}
.pitch-head figcaption{font-size:.8rem;color:var(--muted);margin-top:10px}
.podium{display:grid;grid-template-columns:repeat(4,1fr);gap:18px;margin-top:64px;align-items:stretch}
.place{background:var(--white);border:1px solid var(--rule);border-radius:var(--r);overflow:hidden;display:flex;flex-direction:column}
.place .ph{aspect-ratio:3/2;overflow:hidden;position:relative}
.place .ph img{width:100%;height:100%;object-fit:cover;transition:transform .6s}
.place:hover .ph img{transform:scale(1.04)}
.place .body{padding:20px;display:flex;flex-direction:column;gap:6px;flex:1}
.place h4{font-family:var(--serif);font-size:1.3rem}
.place .plabel{font-size:.82rem;font-weight:600;color:var(--steel)}
.place h4{white-space:nowrap;overflow:hidden;text-overflow:ellipsis;margin-top:-5px}
.place .ptk{color:var(--steel);font-size:.95rem;margin-top:-4px}
/* reserve two lines so the tags below line up across all four cards */
.place .team{font-size:.9rem;color:var(--muted);min-height:3.2em}
.place .team strong{font-weight:600;color:var(--navy)}
.place .note{font-size:.85rem;color:var(--muted)}
.place .deck{margin-top:auto;padding-top:14px;display:flex;align-items:center;gap:12px;text-decoration:none;font:600 .9rem var(--sans);letter-spacing:.01em;color:var(--navy);border-top:1px solid var(--rule)}
.place .deck{white-space:nowrap}
.place .deck img{width:56px;border-radius:2px;border:1px solid var(--rule)}
.place .deck:hover{color:var(--steel)}
.badge-bcr{display:inline-block;font-family:var(--sans);font-weight:600;font-size:.68rem;letter-spacing:.1em;background:var(--navy);color:#fff;padding:3px 8px;border-radius:3px;align-self:flex-start}
@media (max-width:980px){.pitch-head{grid-template-columns:1fr}.podium{grid-template-columns:1fr 1fr}}
@media (max-width:560px){.podium{grid-template-columns:1fr}}

/* ---------- placements wheel ---------- */
.placements{background:var(--paper-2);padding:88px 0;overflow:hidden}
.placements .head{text-align:center;margin-bottom:48px}
.placements .head .lede{margin:0 auto}
.wheel{position:relative;overflow:hidden;-webkit-mask-image:linear-gradient(90deg,transparent,#000 12%,#000 88%,transparent);mask-image:linear-gradient(90deg,transparent,#000 12%,#000 88%,transparent)}
.wheel-track{display:flex;gap:22px;width:max-content;animation:scroll 118s linear infinite}
.wheel.rev .wheel-track{animation-direction:reverse;animation-duration:133s}
.wheel+.wheel{margin-top:22px}
.wheel:hover .wheel-track{animation-play-state:paused}
.logo-card{flex:0 0 auto;width:250px;height:130px;background:#fff;border:1px solid var(--rule);border-radius:6px;display:flex;align-items:center;justify-content:center;padding:26px 30px;transition:transform .3s,box-shadow .3s}
.logo-card:hover{transform:translateY(-4px);box-shadow:0 16px 30px -18px rgba(15,21,40,.4)}
.logo-card img{max-height:70px;max-width:100%;object-fit:contain}
@media (prefers-reduced-motion:reduce){.wheel-track,.tape-track{animation:none}}

/* ---------- team ---------- */
/* rows always come out even: 3 leaders centered, then 6 senior analysts (3 + 3 on narrower screens) */
.team-grid{display:flex;flex-wrap:wrap;justify-content:center;gap:40px 36px;padding:6px}
#people .sec{text-align:center}
.team-lead{margin-top:44px}
.team-sa .member h4{font-size:1.05rem;white-space:nowrap}
.team-lead .member{flex:0 0 220px}
.team-sa{margin-top:48px}
.team-sa .member{flex:0 0 calc((100% - 5*36px)/6)}
@media (max-width:1100px){.team-sa .member{flex-basis:calc((100% - 2*36px)/3)}}
@media (max-width:560px){.team-grid{gap:32px 20px}.team-lead .member{flex-basis:calc((100% - 20px)/2);max-width:220px}.team-sa .member{flex-basis:calc((100% - 20px)/2)}}
.member{text-align:center}
/* minimal frame: thin rule with a white mat around each headshot */
.member .ph{aspect-ratio:1;overflow:hidden;background:var(--navy-2);position:relative;outline:1px solid var(--rule);outline-offset:6px}
.member .ph img{width:100%;height:100%;object-fit:cover;filter:grayscale(.15);transition:transform .5s,filter .5s}
.member:hover .ph img{transform:scale(1.05);filter:none}
.member .ph .ini{position:absolute;inset:0;display:flex;align-items:center;justify-content:center;font-family:var(--serif);font-size:3.4rem;color:var(--accent-lt);background:radial-gradient(circle at 30% 20%,var(--steel),var(--navy) 70%)}
.member h4{font-family:var(--serif);font-size:1.2rem;margin-top:22px}
.member .role{font-family:var(--sans);font-weight:500;font-size:.9rem;color:var(--steel);margin-top:2px}
.member.lead .role{color:var(--accent)}
.class-sec{background:var(--ink);color:#fff}
.class-sec .sec{text-align:center}
/* printed-program roster: alphabetical, reads down each column */
.roster{list-style:none;column-count:4;column-gap:48px;margin:48px auto 0;max-width:1040px}
.roster li{break-inside:avoid;padding:9px 0;text-align:center;font-size:1.02rem;color:#dfe3ec}
@media (max-width:900px){.roster{column-count:2;column-gap:32px}}
@media (max-width:420px){.roster{column-count:1}}

/* ---------- cta ---------- */
.cta{background:linear-gradient(rgba(15,21,40,.78),rgba(15,21,40,.85)),var(--navy) url(../img/racing/starting-gate.jpg) center 40%/cover;color:#fff;text-align:center;position:relative;overflow:hidden;padding:120px 0}
.cta h2{font-size:clamp(2rem,4vw,3rem)}
.cta p{color:#c4cad9;max-width:560px;margin:14px auto 0}
.cta .btns{justify-content:center}
.cta .eyebrow{text-transform:none;letter-spacing:.02em;font-size:1rem}
/* ---------- apply page ---------- */
[data-page="apply"] .page-hero{--photo:url(../img/racing/starting-gate.jpg);--pos:center 40%}
.apply-intro{display:grid;grid-template-columns:minmax(0,1fr) minmax(0,1fr);gap:72px;align-items:center;margin-top:44px}
.apply-intro h2{font-size:clamp(2rem,3.6vw,3rem);color:var(--navy);line-height:1.1}
.apply-intro p{font-size:1.04rem;margin-bottom:18px}
.apply-intro strong{font-weight:600;color:var(--navy)}
.apply-box{background:var(--navy);color:#fff;text-align:center;padding:72px 24px}
.apply-box h2{font-size:clamp(1.8rem,3.4vw,2.6rem)}
.apply-box p{color:#c4cad9;max-width:600px;margin:14px auto 0}
.apply-box .btns{justify-content:center}
.apply-box a.mail{color:#fff}
.apply-intro .apply-lede{font-family:var(--serif);font-size:clamp(1.25rem,1.9vw,1.5rem);line-height:1.4;color:var(--navy);margin-bottom:22px}
[data-page="apply"] .sec{text-align:center}
.sec-sub{text-align:center;color:var(--muted);margin-top:-6px}
.apply-why{padding-bottom:72px}
.wheel-label{text-align:center;font-family:var(--serif);font-size:clamp(1.7rem,3vw,2.3rem);color:var(--navy);margin:0 16px 26px}
/* numbered version of the homepage timeline */
.track.numbered{grid-template-columns:repeat(3,1fr);counter-reset:why;margin:56px 0 72px}
.track.numbered li{counter-increment:why;padding-right:44px}
.track.numbered li::before{content:counter(why);top:-22px;left:0;width:auto;height:auto;padding-right:14px;border-radius:0;background:var(--white);box-shadow:none;font-family:var(--serif);font-size:2.4rem;line-height:1;color:var(--accent)}
.track.numbered li{padding-top:40px}
@media (max-width:900px){.track.numbered{grid-template-columns:1fr;margin-left:15px}.track.numbered li{padding:0 0 30px 34px}.track.numbered li::before{top:-6px;left:-14px;padding:0 0 6px}}
.apply-tips{background:var(--paper-2)}
.mission-copy a{color:var(--steel);text-decoration:underline;text-underline-offset:3px}
.samples{display:flex;justify-content:center;align-items:flex-end;gap:56px;margin-top:40px;flex-wrap:wrap}
.sample{text-decoration:none;color:var(--ink);display:flex;flex-direction:column;align-items:center;text-align:center;max-width:520px}
.sample-cv{display:block;background:#fff;border:1px solid var(--rule);overflow:hidden;box-shadow:0 22px 40px -24px rgba(15,21,40,.5);transition:transform .35s,box-shadow .35s}
.sample-cv img{width:100%;height:100%;object-fit:cover;object-position:top}
.sample-cv.portrait{width:280px;aspect-ratio:8.5/11}
.sample-cv.landscape{width:500px;aspect-ratio:16/9}
.sample:hover .sample-cv{transform:translateY(-6px);box-shadow:0 30px 48px -24px rgba(15,21,40,.6)}
.sample-t{font-family:var(--serif);font-size:1.25rem;margin-top:16px}
.sample-s{font-size:.86rem;color:var(--muted);margin-top:4px}
.intro-left .sample{align-items:center;text-align:center}
.intro-left .sample-cv.landscape{width:100%;max-width:520px}
.expect-grid{display:grid;grid-template-columns:340px minmax(0,1fr);gap:80px;align-items:start}
.expect-left{position:sticky;top:110px}
.expect-left .sample-cv.portrait{width:100%}
.expect-right h2{font-size:clamp(2rem,3.6vw,3rem);color:var(--navy);line-height:1.1}
.commit{font-size:1.08rem;color:var(--muted);margin:12px 0 36px}
.commit strong{color:var(--navy);font-weight:600}
.term{padding:18px 0}
.term h3{font-size:1.6rem;color:var(--navy);margin-bottom:10px}
.term p{margin-bottom:14px;line-height:1.65}
.term ul{list-style:none}
.term li{padding:6px 0 6px 28px;position:relative}
.term li::before{content:"";position:absolute;left:4px;top:11px;width:7px;height:12px;border:solid var(--accent);border-width:0 2px 2px 0;transform:rotate(45deg)}
.apply-expect{background:var(--white)}
/* navy band: why apply + alumni placements wheel */
.apply-why{background:var(--navy);color:#fff}
.apply-why .sec{color:#fff}
.apply-why .track{border-top-color:rgba(255,255,255,.22)}
.apply-why .track li{color:#c4cad9}
.apply-why .track span{color:#fff}
.apply-why .track.numbered li::before{background:var(--navy);color:var(--accent-lt)}
.apply-why .wheel-label{color:#fff}
@media (max-width:900px){.apply-why .track{border-left-color:rgba(255,255,255,.22)}}
#hero-status{margin-top:22px}
.status-pill{display:inline-block;color:#fff;font-size:1.08rem}
.hero-apply{margin-top:4px}
.apply-who{background:var(--white)}
.two-col{display:grid;grid-template-columns:1fr 1fr;gap:56px}
.two-col h2{font-size:clamp(1.6rem,2.6vw,2.1rem);color:var(--navy);margin-bottom:14px}
@media (max-width:900px){.apply-intro{grid-template-columns:1fr;gap:28px}.why-grid,.two-col,.expect-grid{grid-template-columns:1fr}.expect-left{position:static;max-width:320px}.sample-cv.landscape{width:min(500px,88vw)}}

/* ---------- page hero (inner pages) ---------- */
.page-hero{--photo:url(../img/racing/stretch-run.jpg);--pos:center 45%;color:#fff;padding:96px 0 64px;position:relative;overflow:hidden;background:linear-gradient(90deg,rgba(15,21,40,.94) 0%,rgba(15,21,40,.8) 45%,rgba(15,21,40,.35) 100%),var(--ink) var(--photo) var(--pos)/cover}
.page-hero .wrap{position:relative}
/* each page gets its own racing photo */
[data-page="featured"] .page-hero{--photo:url(../img/racing/gray-horse.jpg);--pos:70% 6%}
[data-page="archive"] .page-hero{--photo:url(../img/racing/grandstand.jpg);--pos:center 60%}
/* sector pages use an industry photo */
[data-sector="consumer"] .page-hero{--photo:url(../img/sectors/consumer.jpg);--pos:center 55%}
[data-sector="tmt"] .page-hero{--photo:url(../img/sectors/tmt.jpg);--pos:center 50%}
[data-sector="financials"] .page-hero{--photo:url(../img/sectors/financials.jpg);--pos:70% 62%}
[data-sector="healthcare"] .page-hero{--photo:url(../img/sectors/healthcare.jpg);--pos:center 45%}
[data-sector="industrials"] .page-hero{--photo:url(../img/sectors/industrials.jpg);--pos:center 72%}
[data-sector="energy"] .page-hero{--photo:url(../img/sectors/energy.jpg);--pos:75% 48%}
.page-hero h1{font-size:clamp(2.6rem,6vw,4.4rem)}
.page-hero p{color:#c4cad9;max-width:640px;margin-top:14px;font-size:1.08rem}
.kpis{display:flex;gap:40px;margin-top:36px;flex-wrap:wrap}
.kpi .v{font-family:var(--serif);font-size:2rem;font-weight:400}
.kpi .l{font-family:var(--sans);font-weight:500;font-size:.72rem;letter-spacing:.18em;text-transform:uppercase;color:#9aa3b8}

/* ---------- report cards ---------- */
.toolbar{display:flex;gap:12px;flex-wrap:wrap;align-items:center;justify-content:space-between;padding:28px 0;border-bottom:1px solid var(--rule)}
.filters{display:flex;gap:8px;flex-wrap:wrap}
.filters button{font:500 .8rem var(--sans);padding:8px 14px;border-radius:30px;border:1px solid var(--rule);background:#fff;cursor:pointer;color:var(--ink)}
.filters button.on{background:var(--navy);color:#fff;border-color:var(--navy)}
.search{padding:10px 14px;border:1px solid var(--rule);border-radius:var(--r);font:inherit;min-width:240px;background:#fff}
.grid{display:grid;grid-template-columns:repeat(auto-fill,minmax(250px,1fr));gap:36px 26px;padding:40px 0 96px}
.card{text-decoration:none;color:var(--ink);display:flex;flex-direction:column}
.card .cv{aspect-ratio:8.5/11;background:#fff;border:1px solid var(--rule);overflow:hidden;position:relative;box-shadow:0 1px 0 var(--rule);transition:transform .35s,box-shadow .35s}
.card .cv img{width:100%;height:100%;object-fit:cover;object-position:top}
.card:hover .cv{transform:translateY(-6px);box-shadow:0 26px 40px -24px rgba(15,21,40,.55)}
.card .cv .open{position:absolute;inset:auto 0 0 0;background:rgba(15,21,40,.92);color:#fff;font:600 .74rem var(--sans);letter-spacing:.12em;text-transform:uppercase;padding:12px;text-align:center;transform:translateY(100%);transition:transform .3s}
.card:hover .cv .open{transform:none}
.card .row{display:flex;align-items:center;gap:10px;margin-top:16px}
/* ticker, rating and price target use the same font as the ticker tape */
.tk{font-family:var(--sans);font-weight:600;font-size:.95rem;letter-spacing:.02em}
.pill{font-family:var(--sans);font-size:.68rem;font-weight:600;letter-spacing:.08em;padding:3px 8px;border-radius:3px;color:#fff}
.pill.BUY{background:var(--buy)}.pill.HOLD{background:var(--hold)}.pill.SELL{background:var(--sell)}
.pt{font-family:var(--sans);font-size:.86rem;color:var(--muted);margin-left:auto}
.card h3{font-size:1.08rem;font-style:italic;font-weight:400;margin-top:8px;line-height:1.25}
.card .by{font-size:.85rem;color:var(--muted);margin-top:6px}
.card .date{font-size:.82rem;color:var(--muted);opacity:.85;margin-top:2px}
.empty{padding:80px 0;text-align:center;color:var(--muted)}
/* featured page: an even 3 x 3 wall of report covers */
[data-page="featured"] .grid{grid-template-columns:repeat(3,1fr);max-width:960px;margin:0 auto;gap:48px 40px}
[data-page="featured"] .grid{padding-top:72px}
@media (max-width:860px){[data-page="featured"] .grid{grid-template-columns:repeat(2,1fr)}}
@media (max-width:520px){[data-page="featured"] .grid{grid-template-columns:1fr;max-width:340px}}

/* ---------- archive: one section per past semester ---------- */
.sem-feature{padding:80px 0 48px}
.sem-feature .sec{text-align:center;margin-bottom:0}
.sem-note{text-align:center;color:#c4cad9;margin-top:6px}
.sem-kicker{text-align:center;color:var(--accent-lt);font-size:1rem;margin-top:10px}
.sem-feature .stage{margin-top:28px}
.sem-block{padding:0}
.sem-people{padding-top:8px;padding-bottom:120px}
.sem-sub{font-size:1.45rem;text-align:center;color:var(--navy);margin:56px 0 20px}
.sem-block .grp{font-family:var(--sans);font-weight:600;font-size:.95rem;text-align:center;color:var(--steel);margin:28px 0 4px}
/* rows of four, filled left to right, with any remainder centered on the last row */
.sem-block .roster{margin-top:12px;column-count:auto;display:flex;flex-wrap:wrap;justify-content:center;gap:4px 48px;max-width:1040px}
.sem-block .roster li{flex:0 0 calc((100% - 3*48px)/4);color:var(--ink)}
.roster-sa .role{display:block;font-size:.82rem;color:var(--steel);margin-top:1px}
.roster-lead{margin-bottom:22px}
/* archive senior analysts: headshot cards */
.sa-grid{margin-top:0;padding-top:0}
.sa-grid + .sa-grid{margin-top:28px}
.sa-grid{gap:28px 24px;max-width:1160px;margin-left:auto;margin-right:auto}
.sa-grid .member{flex:0 0 128px}
.sa-grid .member .ph{outline-offset:4px}
.sa-grid .member .ph .ini{font-size:2.2rem}
.sa-grid .member .role{font-size:.8rem}
.sa-grid .member h4{font-size:.95rem;margin-top:14px;white-space:nowrap;margin-left:-10px;margin-right:-10px}
@media (max-width:560px){.sa-grid .member{flex-basis:calc((100% - 20px)/2)}}
.roster-short{margin-bottom:4px}
.roster-lead li{font-size:1.08rem;font-weight:500}
/* analyst class: compact, six names per row */
.sem-block .roster:not(.roster-sa){max-width:1160px;gap:0 28px}
.sem-block .roster:not(.roster-sa) li{flex-basis:calc((100% - 5*28px)/6);padding:5px 0;font-size:.92rem}
@media (max-width:1100px){.sem-block .roster:not(.roster-sa) li{flex-basis:calc((100% - 3*28px)/4)}}
@media (max-width:640px){.sem-block .roster:not(.roster-sa) li{flex-basis:calc((100% - 28px)/2)}}
@media (max-width:900px){.sem-block .roster{gap:4px 32px}.sem-block .roster li{flex-basis:calc((100% - 32px)/2)}}
.all-reports{padding-top:80px}
.all-reports .sec{text-align:center}
/* archive table */
.arch{width:100%;border-collapse:collapse;margin:24px 0 96px;font-size:.92rem}
.arch th{font-family:var(--sans);font-weight:600;font-size:.7rem;letter-spacing:.16em;text-transform:uppercase;text-align:left;color:var(--muted);padding:12px 10px;border-bottom:2px solid var(--ink);cursor:pointer;user-select:none;white-space:nowrap}
.arch td{padding:14px 10px;border-bottom:1px solid var(--rule);vertical-align:middle}
.arch tr:hover td{background:#fff}
.arch td a{font-family:var(--serif);font-style:italic;font-weight:400;text-decoration:none;font-size:1.02rem}
.arch td a:hover{color:var(--steel)}
.arch .sem td{background:transparent!important;font-family:var(--serif);font-size:1.4rem;font-weight:400;padding-top:36px;border-bottom:1px solid var(--ink)}
@media (max-width:760px){.arch .hide-m{display:none}.search{min-width:0;width:100%}}

/* ---------- footer ---------- */
.site-footer{background:var(--ink);color:#9aa3b8;padding:64px 0 32px;font-size:.88rem;border-top:1px solid rgba(255,255,255,.08)}
.foot-grid{display:grid;grid-template-columns:1.4fr 1fr 1fr;gap:48px}
.site-footer img{height:46px;width:auto;margin-bottom:18px}
.site-footer h5{font-family:var(--sans);font-size:.72rem;letter-spacing:.2em;text-transform:uppercase;color:#fff;margin-bottom:14px;font-weight:500}
.site-footer ul{list-style:none}
.site-footer li{padding:4px 0}
.site-footer a{color:#c4cad9;text-decoration:none}
.site-footer a:hover{color:#fff}
.disclaimer{margin-top:48px;padding-top:24px;border-top:1px solid rgba(255,255,255,.08);font-size:.78rem;line-height:1.6;color:#7c859b}
@media (max-width:760px){.foot-grid{grid-template-columns:1fr;gap:32px}}

/* reveal on scroll */
.rv{opacity:0;transform:translateY(24px);transition:opacity .8s,transform .8s}
.rv.in{opacity:1;transform:none}
@media (prefers-reduced-motion:reduce){.rv{opacity:1;transform:none}}
@media (max-width:640px){section{padding:68px 0}.wrap{padding:0 16px}}
.class-sec .eyebrow,.cta .eyebrow,.ink .eyebrow{color:var(--accent-lt)}
.brand img{height:48px}
.site-footer img{height:60px}
@media (max-width:1180px){.brand img{height:40px}}

/* ---------- analyst class wheel (phones only) ---------- */
.roster-wheel{display:none}
@media (max-width:640px){
  .has-wheel{display:none!important}
  .roster-wheel{display:block;overflow:hidden;margin-top:28px;-webkit-mask-image:linear-gradient(90deg,transparent,#000 10%,#000 90%,transparent);mask-image:linear-gradient(90deg,transparent,#000 10%,#000 90%,transparent)}
  .rw-track{display:flex;gap:28px;width:max-content;animation:scroll 60s linear infinite}
  .roster-wheel:active .rw-track{animation-play-state:paused}
  .rw-col{flex:0 0 150px;display:flex;flex-direction:column;gap:12px;text-align:center}
  .rw-col span{font-size:.95rem;white-space:nowrap;overflow:hidden;text-overflow:ellipsis}
  .class-sec .rw-col span{color:#dfe3ec}
  .sem-block .rw-col span{color:var(--ink)}
}
@media (max-width:640px) and (prefers-reduced-motion:reduce){.rw-track{animation:none}.roster-wheel{overflow-x:auto}}

/* ---------- stock pitch results: swipeable cards on phones ---------- */
.podium-dots{display:none}
@media (max-width:640px){
  .podium{display:flex;grid-template-columns:none;overflow-x:auto;scroll-snap-type:x mandatory;gap:16px;margin:40px -16px 0;padding:0 16px 10px;scrollbar-width:none}
  .podium::-webkit-scrollbar{display:none}
  .podium .place{flex:0 0 84%;scroll-snap-align:center}
  .podium-dots{display:flex;justify-content:center;gap:8px;margin-top:14px}
  .podium-dots button{width:8px;height:8px;border-radius:8px;border:0;padding:0;background:rgba(15,21,40,.2);cursor:pointer;transition:all .3s}
  .podium-dots button.on{width:28px;background:var(--accent)}
}

/* phones: hide the investor quotes in the mission section to save space */
@media (max-width:640px){.quote-wall{display:none}}

/* ---------- archive senior analysts: swipeable row on phones ---------- */
.swipe-dots{display:none}
@media (max-width:640px){
  .sa-grid.sa-swipe{flex-wrap:nowrap;justify-content:flex-start;overflow-x:auto;scroll-snap-type:x mandatory;gap:20px;margin-left:-16px;margin-right:-16px;padding:6px 16px 10px;scrollbar-width:none}
  .sa-grid.sa-swipe::-webkit-scrollbar{display:none}
  .sa-grid.sa-swipe .member{flex:0 0 40%;scroll-snap-align:start}
  .swipe-dots{display:flex;justify-content:center;gap:8px;margin-top:12px}
  .swipe-dots button{width:8px;height:8px;border-radius:8px;border:0;padding:0;background:rgba(15,21,40,.2);cursor:pointer;transition:all .3s}
  .swipe-dots button.on{width:28px;background:var(--accent)}
}

/* ---------- placement logo wheels: smaller on phones ---------- */
@media (max-width:640px){
  .wheel-track{gap:14px}
  .wheel+.wheel{margin-top:14px}
  .logo-card{width:168px;height:88px;padding:14px 18px}
  .logo-card img{max-height:46px}
}
/* archive leaders (Chairman, Advisor): side by side on phones */
@media (max-width:640px){ .sa-grid.sa-lead{flex-wrap:nowrap;justify-content:center;gap:20px} .sa-grid.sa-lead .member{flex:0 0 40%} }