/* Landing page (/): 朱砂墨 — warm paper, ink, one cinnabar accent, serif display. No sidebar. */
.lp{--seal:#b5452c;--seal-ink:#8f2f1f;--seal-soft:#f4e3dc;--paper:#fbf8f2;--shadow:0 1px 0 rgba(29,26,22,.04),0 18px 48px -24px rgba(60,40,20,.28);padding-left:0;font-size:17px;background:var(--bg)}
:root[data-theme=dark] .lp{--seal:#e8735f;--seal-ink:#f39a87;--seal-soft:#2c201c;--paper:#181614;--shadow:0 1px 0 rgba(0,0,0,.4),0 24px 60px -28px rgba(0,0,0,.8)}
.lp main{max-width:none;margin:0;padding:0}
.lp-wrap{max-width:1200px;margin:0 auto;padding:0 40px}
.lp h1,.lp h2,.lp h3{font-family:'Noto Serif SC','Songti SC','SimSun',serif;color:var(--ink);margin:0}
.lp svg{flex:none}
.lp a:focus-visible,.lp button:focus-visible{outline:2px solid var(--seal);outline-offset:3px;border-radius:6px}

/* Header */
.lp-header{position:sticky;top:0;z-index:20;background:transparent;border-bottom:1px solid transparent;transition:border-color .25s,background .25s}
.lp-header.is-scrolled{background:color-mix(in srgb,var(--bg) 84%,transparent);backdrop-filter:saturate(1.4) blur(14px);-webkit-backdrop-filter:saturate(1.4) blur(14px);border-bottom-color:var(--line)}
.lp-bar{display:flex;align-items:center;gap:32px;height:72px}
.lp-brand{display:inline-flex;align-items:center;gap:11px;font-family:'Noto Serif SC','Songti SC',serif;font-weight:700;font-size:19px;color:var(--ink);white-space:nowrap}
.lp-brand img{border-radius:8px}
.lp-nav{display:flex;gap:4px;margin-left:auto}
.lp-nav a{position:relative;padding:8px 14px;border-radius:999px;color:var(--muted);font-size:16px;transition:color .2s,background .2s}
.lp-nav a:hover{color:var(--ink);background:var(--raised)}
.lp-tools-bar{display:flex;align-items:center;gap:10px}
.lp-theme{border:1px solid var(--line);background:transparent;border-radius:999px;padding:8px 15px;font-size:15px;color:var(--muted);cursor:pointer;transition:color .2s,border-color .2s}
.lp-theme:hover{color:var(--ink);border-color:var(--muted)}

/* Buttons */
.lp-button{display:inline-flex;align-items:center;gap:10px;padding:14px 24px;border-radius:999px;font-size:17px;font-weight:600;line-height:1;white-space:nowrap;transition:transform .2s,box-shadow .2s,background .2s,color .2s,border-color .2s}
.lp-button svg,.lp-link svg,.lp-card-go svg,.lp-window-link svg{width:18px;height:18px;fill:none;stroke:currentColor;stroke-width:2;stroke-linecap:round;stroke-linejoin:round;transition:transform .25s}
.lp-button:hover svg,.lp-link:hover svg,.lp-card:hover .lp-card-go svg,.lp-window-link:hover svg{transform:translateX(4px)}
.lp-button-seal{background:var(--seal);color:#fffaf4;box-shadow:0 10px 24px -12px var(--seal)}
.lp-button-seal:hover{transform:translateY(-1px);box-shadow:0 16px 30px -14px var(--seal)}
:root[data-theme=dark] .lp-button-seal{color:#1b1310}
.lp-button-line{border:1px solid var(--ink);color:var(--ink)}
.lp-button-line:hover{background:var(--ink);color:var(--bg)}
.lp-button-ink{background:var(--ink);color:var(--bg);padding:11px 20px;font-size:15px}
.lp-button-ink:hover{transform:translateY(-1px)}

/* Hero */
.lp-hero{margin-top:-72px;padding:160px 0 112px;background:radial-gradient(1100px 520px at 88% 18%,var(--seal-soft),transparent 62%)}
.lp-hero-grid{display:grid;grid-template-columns:minmax(0,1.08fr) minmax(0,.92fr);gap:72px;align-items:center}
.lp h1{font-size:clamp(44px,5.3vw,76px);line-height:1.1;letter-spacing:-.02em;font-weight:700}
.lp h1 em{font-style:normal;color:var(--seal);white-space:nowrap}
.lp-lede{max-width:30em;margin:28px 0 0;font-size:20px;line-height:1.75;color:var(--muted)}
.lp-actions{display:flex;flex-wrap:wrap;gap:14px;margin-top:40px}
.lp-facts{display:flex;gap:44px;margin:56px 0 0;padding:26px 0 0;border-top:1px solid var(--line)}
.lp-facts div{margin:0}
.lp-facts dt{font-size:14.5px;color:var(--muted)}
.lp-facts dd{margin:6px 0 0;display:flex;align-items:baseline;gap:5px}
.lp-facts dd .num{font-size:30px;font-weight:600;color:var(--ink);letter-spacing:-.01em}
.lp-facts dd small{font-size:15px;color:var(--muted)}

/* Market window */
.lp-window{background:var(--surface);border:1px solid var(--line);border-top:3px solid var(--seal);border-radius:14px;padding:26px 28px 18px;box-shadow:var(--shadow)}
.lp-window-head{display:flex;align-items:center;justify-content:space-between;gap:12px;margin-bottom:8px}
.lp-window-head h2{font-size:21px}
.lp-chip{padding:4px 11px;border-radius:999px;background:var(--raised);color:var(--muted);font-size:13.5px;white-space:nowrap}
.lp-chip.is-live::before{content:'';display:inline-block;width:7px;height:7px;margin:0 7px 1px 0;border-radius:50%;background:var(--seal);animation:lp-pulse 2s ease-in-out infinite}
.lp-quotes{list-style:none;margin:0;padding:0}
.lp-quote{display:grid;grid-template-columns:minmax(0,1fr) auto 76px 92px;align-items:center;gap:14px;padding:13px 2px;border-bottom:1px solid var(--line);min-height:62px}
.lp-quote:last-child{border-bottom:0}
.lp-quote b{font-weight:600;font-size:16px;white-space:nowrap}
.lp-quote .num{text-align:right;font-size:16px}
.lp-quote .lp-pill{justify-self:end;padding:3px 8px;border-radius:6px;font-size:14px;font-weight:600}
.lp-pill.up{background:color-mix(in srgb,var(--up) 12%,transparent)}
.lp-pill.down{background:color-mix(in srgb,var(--down) 13%,transparent)}
.lp-quote svg{width:92px;height:30px;display:block}
.lp-quote polyline{fill:none;stroke:currentColor;stroke-width:1.6;stroke-linejoin:round;vector-effect:non-scaling-stroke}
.lp-quote.is-skeleton{background:linear-gradient(90deg,transparent,var(--raised),transparent);background-size:200% 100%;animation:lp-shimmer 1.4s linear infinite;border-radius:6px;margin:6px 0;border:0;min-height:50px}
.lp-window-note{padding:18px 2px;color:var(--muted)}
.lp-window-link{display:flex;align-items:center;justify-content:space-between;margin-top:6px;padding:14px 2px 4px;border-top:1px solid var(--line);color:var(--ink);font-weight:500;font-size:16px}
.lp-window-link:hover{color:var(--seal)}

/* Sections */
.lp-section{padding:104px 0}
.lp-pages{padding-top:24px}
.lp-story-alt{background:var(--paper);border-top:1px solid var(--line);border-bottom:1px solid var(--line)}
.lp-head{max-width:640px;margin-bottom:52px}
.lp-head h2,.lp-copy h2,.lp-close h2{font-size:clamp(32px,3.6vw,46px);line-height:1.2;letter-spacing:-.01em}
.lp-head p,.lp-copy p{margin:18px 0 0;font-size:18.5px;line-height:1.8;color:var(--muted)}
.lp-copy p b{color:var(--ink);font-weight:600}

/* Page cards */
.lp-cards{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:24px}
.lp-card{position:relative;display:flex;flex-direction:column;padding:34px 32px 30px;background:var(--surface);border:1px solid var(--line);border-radius:14px;transition:transform .3s cubic-bezier(.2,.7,.2,1),box-shadow .3s,border-color .3s}
.lp-card:hover{transform:translateY(-4px);border-color:color-mix(in srgb,var(--seal) 45%,var(--line));box-shadow:var(--shadow)}
.lp-card-no{display:grid;place-items:center;width:46px;height:46px;border-radius:9px;background:var(--seal);color:#fffaf4;font-family:'Noto Serif SC','Songti SC',serif;font-size:22px;font-weight:700}
:root[data-theme=dark] .lp-card-no{color:#1b1310}
.lp-card h3{margin-top:26px;font-size:25px}
.lp-card p{margin:12px 0 28px;color:var(--muted);line-height:1.8;font-size:16.5px}
.lp-card-go{display:inline-flex;align-items:center;gap:8px;margin-top:auto;color:var(--seal);font-weight:600;font-size:16px}

/* Story layout */
.lp-split{display:grid;grid-template-columns:minmax(0,.9fr) minmax(0,1.1fr);gap:80px;align-items:center}
.lp-split-flip{grid-template-columns:minmax(0,1.1fr) minmax(0,.9fr)}
.lp-split-flip .lp-copy{order:2}
.lp-link{display:inline-flex;align-items:center;gap:8px;margin-top:30px;color:var(--seal);font-weight:600;font-size:17px;border-bottom:1px solid transparent;padding-bottom:2px;transition:border-color .2s}
.lp-link:hover{border-bottom-color:currentColor}
.lp-panel{margin:0;background:var(--surface);border:1px solid var(--line);border-radius:14px;padding:28px 30px;box-shadow:var(--shadow)}
.lp-panel figcaption{display:flex;justify-content:space-between;align-items:baseline;gap:16px;margin-bottom:18px;font-size:15px;color:var(--muted)}
.lp-panel h3{font-size:20px;margin-bottom:14px}
.lp-scale{display:flex;gap:10px}
.lp-scale i{font-style:normal}
.lp-scale i:first-child::after{content:'→';margin-left:10px;opacity:.6}

/* Valuation percentile bars */
.lp-bars{list-style:none;margin:0;padding:0}
.lp-bars li{display:grid;grid-template-columns:132px minmax(0,1fr) 64px;align-items:center;gap:16px;padding:12px 0;border-bottom:1px solid var(--line)}
.lp-bars li:last-child{border-bottom:0}
.lp-bars b{font-weight:600;font-size:16px;white-space:nowrap}
.lp-bars small{display:block;color:var(--muted);font-size:13.5px;font-weight:400}
.lp-track{position:relative;height:8px;border-radius:999px;background:linear-gradient(90deg,color-mix(in srgb,var(--down) 30%,var(--raised)),var(--raised) 50%,color-mix(in srgb,var(--up) 34%,var(--raised)))}
.lp-track i{position:absolute;top:50%;left:var(--p);width:16px;height:16px;margin:-8px 0 0 -8px;border-radius:50%;background:var(--surface);border:3px solid var(--seal);box-shadow:0 2px 6px rgba(0,0,0,.18);transition:left 1.1s cubic-bezier(.2,.7,.2,1)}
.lp-bars .num{text-align:right;font-weight:600;font-size:16px}

/* Stock-bond spread */
.lp-big{display:flex;align-items:baseline;gap:10px;margin:22px 0 0!important}
.lp-big .num{font-family:'Noto Serif SC','Songti SC',serif;font-size:clamp(56px,6vw,76px);font-weight:700;line-height:1;color:var(--seal);letter-spacing:-.02em}
.lp-big small{font-size:19px;color:var(--muted)}
.lp-area{position:relative}
.lp-area svg{display:block;width:100%;height:auto}
.lp-area .area{fill:url(#lp-fill)}
.lp-area .line{fill:none;stroke:var(--seal);stroke-width:2;vector-effect:non-scaling-stroke;stroke-linejoin:round}
.lp-area .grid{stroke:var(--line);stroke-width:1;vector-effect:non-scaling-stroke}
.lp-area .dot{fill:var(--seal);stroke:var(--surface);stroke-width:3}
.lp-axis{display:flex;justify-content:space-between;margin-top:10px;font-size:14px;color:var(--muted)}

/* Industries */
.lp-duo{display:grid;grid-template-columns:1fr 1fr;gap:24px}
.lp-rank{list-style:none;margin:0;padding:0;counter-reset:r}
.lp-rank li{display:grid;grid-template-columns:30px minmax(0,1fr) auto auto;align-items:center;gap:14px;padding:14px 0;border-bottom:1px solid var(--line);counter-increment:r}
.lp-rank li:last-child{border-bottom:0}
.lp-rank li::before{content:counter(r);font:600 15px 'IBM Plex Mono',monospace;color:var(--muted)}
.lp-rank b{font-size:17px;font-weight:600}
.lp-rank .num{color:var(--muted);font-size:15px}
.lp-rank .lp-pct{min-width:72px;text-align:right;font-weight:600;color:var(--down)}
.lp-rank.is-dear .lp-pct{color:var(--up)}

/* Technical signals */
.lp-rules{list-style:none;margin:26px 0 0;padding:0}
.lp-rules li{position:relative;padding:9px 0 9px 26px;font-size:17px;color:var(--ink)}
.lp-rules li::before{content:'';position:absolute;left:2px;top:19px;width:10px;height:10px;border-radius:2px;background:var(--seal);transform:rotate(45deg)}
.lp-signals{list-style:none;margin:0;padding:0}
.lp-signals li{display:grid;grid-template-columns:minmax(0,1fr) auto;gap:6px 16px;padding:15px 0;border-bottom:1px solid var(--line)}
.lp-signals li:last-child{border-bottom:0}
.lp-signals a{display:contents;color:inherit}
.lp-signals .who b{font-size:17px;font-weight:600}
.lp-signals .who .num{margin-left:10px;color:var(--muted);font-size:14.5px}
.lp-signals .price{text-align:right}
.lp-signals .price .num{display:block;font-weight:600}
.lp-signals .price small{font-size:14px}
.lp-tags{grid-column:1/-1;display:flex;flex-wrap:wrap;gap:6px}
.lp-tags span{padding:3px 10px;border-radius:999px;border:1px solid var(--line);font-size:13.5px;color:var(--muted)}
.lp-tags span:first-child{border-color:transparent;background:var(--seal-soft);color:var(--seal-ink);font-weight:600}
.lp-signals .score{justify-self:end;font:600 14px 'IBM Plex Mono',monospace;color:var(--seal)}

/* Close + footer */
.lp-close{padding:120px 0 128px;text-align:center}
.lp-close p{margin:16px 0 34px;color:var(--muted);font-size:18.5px}
.lp-footer{max-width:none;margin:0;padding:52px 0 60px;border-top:1px solid var(--line);background:var(--paper);font-size:15px;color:var(--muted)}
.lp-footer-grid{display:grid;grid-template-columns:minmax(0,1fr) auto;gap:20px 48px;align-items:start}
.lp-footer .lp-brand{font-size:17px}
.lp-footer p{margin:12px 0 0}
.lp-footer nav{display:flex;flex-wrap:wrap;gap:8px 26px;justify-content:flex-end;padding-top:6px}
.lp-footer nav a{color:var(--ink)}
.lp-footer nav a:hover{color:var(--seal)}
.lp-sources{grid-column:1/-1;padding-top:20px;border-top:1px solid var(--line)}

/* Motion */
.reveal{opacity:0;transform:translateY(18px);transition:opacity .8s cubic-bezier(.2,.7,.2,1),transform .8s cubic-bezier(.2,.7,.2,1)}
.reveal.is-in{opacity:1;transform:none}
.lp-cards .reveal:nth-child(2),.lp-duo .reveal:nth-child(2),.lp-split .reveal:nth-child(2){transition-delay:.12s}
/* The hero paints at once (it is the largest content); only a light rise on first load. */
.lp-hero-copy,.lp-window{animation:lp-rise .7s cubic-bezier(.2,.7,.2,1) both}.lp-window{animation-delay:.08s}
@keyframes lp-rise{from{transform:translateY(10px)}to{transform:none}}
.lp-cards .reveal:nth-child(3){transition-delay:.24s}
@keyframes lp-pulse{0%,100%{opacity:1}50%{opacity:.35}}
@keyframes lp-shimmer{from{background-position:200% 0}to{background-position:-200% 0}}
@media(prefers-reduced-motion:reduce){.lp-hero-copy,.lp-window{animation:none}.reveal{opacity:1;transform:none;transition:none}.lp-chip.is-live::before,.lp-quote.is-skeleton{animation:none}.lp-track i{transition:none}.lp-card,.lp-button{transition:none}}

/* Responsive */
@media(max-width:1080px){.lp-wrap{padding:0 32px}.lp-hero-grid{gap:44px}.lp-split{gap:48px}.lp-cards{gap:18px}.lp-card{padding:30px 26px}.lp-section{padding:92px 0}}
@media(max-width:920px){.lp-hero-grid,.lp-split{grid-template-columns:1fr;gap:52px}.lp-split-flip .lp-copy{order:0}.lp-cards{grid-template-columns:1fr}.lp-section{padding:84px 0}.lp-hero{margin-top:-108px;padding:150px 0 80px}.lp-window{max-width:560px}}
@media(max-width:860px){.lp-bar{flex-wrap:wrap;height:auto;padding-top:12px;padding-bottom:8px;gap:8px 12px}.lp-tools-bar{margin-left:auto}.lp-nav{order:3;width:100%;margin:0 -12px;gap:2px}.lp-nav a{padding:7px 12px;font-size:15.5px}}
@media(max-width:640px){
 .lp{font-size:16px}.lp-wrap{padding:0 16px}.lp-brand{font-size:17px}.lp-brand img{width:30px;height:30px}
 .lp-cta-top{display:none}.lp-theme{padding:7px 12px;font-size:14px}
 .lp-hero{margin-top:-104px;padding:136px 0 64px}.lp-lede{font-size:17.5px;margin-top:20px}.lp-actions{margin-top:30px}.lp-actions .lp-button{flex:1 1 auto;justify-content:center}
 .lp-facts{gap:22px;margin-top:40px;justify-content:space-between}.lp-facts dd .num{font-size:24px}.lp-facts dt{font-size:13.5px}
 .lp-window{padding:20px 18px 12px;border-radius:12px}.lp-quote{grid-template-columns:minmax(0,1fr) auto 70px;gap:10px}.lp-quote svg{display:none}
 .lp-section{padding:68px 0}.lp-head{margin-bottom:36px}.lp-head p,.lp-copy p{font-size:17px}
 .lp-panel{padding:22px 18px}.lp-bars li{grid-template-columns:104px minmax(0,1fr) 46px;gap:12px}
 .lp-duo{grid-template-columns:1fr}.lp-close{padding:80px 0 88px}
 .lp-footer-grid{grid-template-columns:1fr}.lp-footer nav{justify-content:flex-start}
}