.tni-drawdown-page{color:#0b1f33;width:min(1180px,100% - 40px);margin:0 auto;padding:34px 0 88px;font-family:Inter,ui-sans-serif,system-ui,-apple-system,BlinkMacSystemFont,Segoe UI,sans-serif}.tni-drawdown-breadcrumb{color:#667085;flex-wrap:wrap;align-items:center;gap:8px;margin-bottom:34px;font-size:13px;font-weight:600;display:flex}.tni-drawdown-breadcrumb a{color:#667085;text-decoration:none}.tni-drawdown-breadcrumb a:hover{color:#0b1f33}.tni-drawdown-breadcrumb strong{color:#344054;font-weight:700}.tni-drawdown-hero{max-width:930px}.tni-drawdown-eyebrow,.tni-drawdown-section-label{color:#1677ff;letter-spacing:.09em;text-transform:uppercase;margin-bottom:11px;font-size:12px;font-weight:800;display:block}.tni-drawdown-hero h1{color:#0b1f33;letter-spacing:-.045em;max-width:900px;margin:0;font-size:clamp(38px,5.1vw,66px);font-weight:800;line-height:1.02}.tni-drawdown-lead{color:#475467;max-width:820px;margin:24px 0 0;font-size:19px;line-height:1.65}.tni-drawdown-byline{color:#6b7b90;margin:12px 0 0;font-size:13px;line-height:1.6}.tni-drawdown-byline a{color:#10233f;font-weight:700;text-decoration:none}.tni-drawdown-byline a:hover{text-decoration:underline}.tni-drawdown-research-nav{flex-wrap:wrap;gap:10px;margin-top:28px;display:flex}.tni-drawdown-research-nav a,.tni-drawdown-research-nav span{color:#475467;background:#fff;border:1px solid #e4e7ec;border-radius:999px;justify-content:center;align-items:center;min-height:40px;padding:9px 14px;font-size:13px;font-weight:700;text-decoration:none;display:inline-flex}.tni-drawdown-research-nav a:hover{color:#0b1f33;border-color:#98a2b3}.tni-drawdown-research-nav .active{color:#fff;background:#172033;border-color:#172033}.tni-drawdown-definition,.tni-drawdown-finding,.tni-drawdown-recovery,.tni-drawdown-methodology{max-width:820px;margin-top:72px}.tni-drawdown-definition h2,.tni-drawdown-chart-section h2,.tni-drawdown-finding h2,.tni-drawdown-recovery h2,.tni-drawdown-methodology h2{color:#0b1f33;letter-spacing:-.03em;margin:0;font-size:clamp(28px,3vw,40px);line-height:1.13}.tni-drawdown-definition p,.tni-drawdown-chart-heading p,.tni-drawdown-finding p,.tni-drawdown-recovery p,.tni-drawdown-methodology p{color:#475467;margin:18px 0 0;font-size:17px;line-height:1.75}.tni-drawdown-summary{grid-template-columns:repeat(4,minmax(0,1fr));gap:14px;margin-top:38px;display:grid}.tni-drawdown-stat{background:#fff;border:1px solid #e4e7ec;border-radius:14px;min-width:0;padding:22px}.tni-drawdown-stat>span{color:#667085;letter-spacing:.065em;font-size:11px;font-weight:800;display:block}.tni-drawdown-stat>strong{color:#0b1f33;letter-spacing:-.035em;align-items:baseline;gap:5px;margin-top:13px;font-size:35px;line-height:1;display:flex}.tni-drawdown-stat>strong small{color:#667085;letter-spacing:0;font-size:14px;font-weight:700}.tni-drawdown-stat p{color:#667085;margin:13px 0 0;font-size:13px;line-height:1.55}.tni-drawdown-chart-section{margin-top:78px}.tni-drawdown-chart-heading{grid-template-columns:minmax(0,1fr) auto;align-items:end;gap:40px;margin-bottom:24px;display:grid}.tni-drawdown-chart-heading>div:first-child{max-width:760px}.tni-current-drawdown{background:#f8fafc;border:1px solid #e4e7ec;border-radius:12px;min-width:170px;padding:16px 18px}.tni-current-drawdown span,.tni-current-drawdown small{display:block}.tni-current-drawdown span{color:#667085;letter-spacing:.065em;font-size:10px;font-weight:800}.tni-current-drawdown strong{color:#c73a3a;margin-top:8px;font-size:28px;line-height:1;display:block}.tni-current-drawdown small{color:#667085;margin-top:8px;font-size:11px}.tni-drawdown-chart-shell{background:#fff;border:1px solid #e4e7ec;border-radius:16px;width:100%;min-width:0;padding:24px 20px 8px;box-shadow:0 1px 2px #10182808,0 8px 30px #10182809}.tni-drawdown-source{color:#667085;border-top:1px solid #e4e7ec;flex-wrap:wrap;gap:8px 18px;margin-top:24px;padding-top:18px;font-size:13px;display:flex}.tni-drawdown-source strong{color:#344054}@media (width<=900px){.tni-drawdown-summary{grid-template-columns:repeat(2,minmax(0,1fr))}.tni-drawdown-chart-heading{grid-template-columns:1fr;align-items:start;gap:20px}.tni-current-drawdown{width:fit-content}}@media (width<=719px){.tni-drawdown-page{width:min(100% - 24px,1180px);padding-top:24px;padding-bottom:64px}.tni-drawdown-breadcrumb{margin-bottom:26px;font-size:12px}.tni-drawdown-hero h1{font-size:clamp(34px,10.5vw,48px);line-height:1.04}.tni-drawdown-lead{margin-top:20px;font-size:17px;line-height:1.65}.tni-drawdown-research-nav{gap:8px;margin-top:24px}.tni-drawdown-research-nav a,.tni-drawdown-research-nav span{min-height:42px;padding:9px 12px;font-size:12px}.tni-drawdown-definition,.tni-drawdown-finding,.tni-drawdown-recovery,.tni-drawdown-methodology{margin-top:56px}.tni-drawdown-definition h2,.tni-drawdown-chart-section h2,.tni-drawdown-finding h2,.tni-drawdown-recovery h2,.tni-drawdown-methodology h2{font-size:29px}.tni-drawdown-definition p,.tni-drawdown-chart-heading p,.tni-drawdown-finding p,.tni-drawdown-recovery p,.tni-drawdown-methodology p{font-size:16px;line-height:1.7}.tni-drawdown-summary{grid-template-columns:1fr;gap:10px;margin-top:30px}.tni-drawdown-stat{padding:19px}.tni-drawdown-stat>strong{font-size:32px}.tni-drawdown-chart-section{margin-top:60px}.tni-drawdown-chart-shell{border-radius:12px;padding:18px 4px 4px}.tni-current-drawdown{min-width:0}}.tni-drawdown-history{margin-top:72px}.tni-drawdown-history h2{color:#0b1f33;letter-spacing:-.03em;margin:0;font-size:36px;line-height:1.13}.tni-drawdown-history>p{color:#475467;max-width:820px;margin:18px 0 0;font-size:17px;line-height:1.7}.tni-drawdown-table-wrap{-webkit-overflow-scrolling:touch;background:#fff;border:1px solid #e4e7ec;border-radius:14px;width:100%;margin-top:28px;overflow-x:auto}.tni-drawdown-table{border-collapse:collapse;width:100%;min-width:940px;font-size:14px}.tni-drawdown-table th{color:#475467;letter-spacing:.055em;text-align:left;text-transform:uppercase;white-space:nowrap;background:#f8fafc;border-bottom:1px solid #d0d5dd;padding:14px 16px;font-size:11px;font-weight:800}.tni-drawdown-table td{color:#344054;white-space:nowrap;border-bottom:1px solid #eaecf0;padding:15px 16px;font-weight:550}.tni-drawdown-table tbody tr:last-child td{border-bottom:0}.tni-drawdown-table tbody tr:hover{background:#f9fafb}.tni-drawdown-table-loss{color:#b42318!important;font-weight:750!important}.tni-drawdown-type{letter-spacing:.02em;white-space:nowrap;border-radius:999px;align-items:center;padding:5px 9px;font-size:11px;font-weight:800;display:inline-flex}.tni-drawdown-type-correction{color:#1d4ed8;background:#eff6ff}.tni-drawdown-type-bear{color:#b42318;background:#fef3f2}@media (width<=720px){.tni-drawdown-history{margin-top:56px}.tni-drawdown-history h2{font-size:29px}.tni-drawdown-history>p{font-size:16px;line-height:1.7}.tni-drawdown-table-wrap{border-radius:12px;margin-top:22px}.tni-drawdown-table{min-width:860px;font-size:13px}.tni-drawdown-table th{padding:12px 14px}.tni-drawdown-table td{padding:14px}}@media (width<=720px){.tni-drawdown-frequency{margin-top:56px}.tni-drawdown-frequency h2{font-size:29px}.tni-drawdown-frequency p{font-size:16px;line-height:1.7}}.tni-drawdown-frequency{max-width:820px;margin-top:72px}.tni-drawdown-frequency h2{color:#0b1f33;letter-spacing:-.03em;margin:0;font-size:36px;line-height:1.13}.tni-drawdown-frequency p{color:#475467;margin:18px 0 0;font-size:17px;line-height:1.7}@media (width<=720px){.tni-drawdown-frequency{margin-top:56px}.tni-drawdown-frequency h2{font-size:29px}.tni-drawdown-frequency p{font-size:16px;line-height:1.7}}.tni-drawdown-forward{margin-top:72px}.tni-drawdown-forward h2{color:#0b1f33;letter-spacing:-.03em;max-width:820px;margin:0;font-size:36px;line-height:1.13}.tni-drawdown-forward>p{color:#475467;max-width:820px;margin:18px 0 0;font-size:17px;line-height:1.7}.tni-forward-table-wrap{-webkit-overflow-scrolling:touch;background:#fff;border:1px solid #e4e7ec;border-radius:14px;width:100%;margin-top:28px;overflow-x:auto}.tni-forward-table{border-collapse:collapse;width:100%;min-width:860px;font-size:14px}.tni-forward-table th{color:#475467;letter-spacing:.045em;text-align:center;text-transform:uppercase;white-space:nowrap;background:#f8fafc;border-bottom:1px solid #d0d5dd;padding:13px 15px;font-size:11px;font-weight:800}.tni-forward-table th:first-child,.tni-forward-table td:first-child{text-align:left}.tni-forward-table td{color:#344054;text-align:center;white-space:nowrap;border-bottom:1px solid #eaecf0;padding:15px;font-weight:600}.tni-forward-table tbody tr:last-child td{border-bottom:0}.tni-forward-table tbody tr:hover{background:#f9fafb}.tni-forward-table .tni-forward-group-10{color:#1d4ed8;background:#eff6ff}.tni-forward-table .tni-forward-group-20{color:#b42318;background:#fef3f2}.tni-forward-horizon{color:#0b1f33!important;font-weight:800!important}.tni-forward-interpretation{font-weight:600;color:#344054!important;margin-top:24px!important}.tni-forward-methodology{border-top:1px solid #eaecf0;padding-top:18px;color:#667085!important;font-size:15px!important}@media (width<=720px){.tni-drawdown-forward{margin-top:56px}.tni-drawdown-forward h2{font-size:29px}.tni-drawdown-forward>p{font-size:16px;line-height:1.7}.tni-forward-table-wrap{border-radius:12px;margin-top:22px}.tni-forward-table{min-width:800px;font-size:13px}.tni-forward-table th{padding:12px}.tni-forward-table td{padding:14px 12px}.tni-forward-methodology{font-size:14px!important}}.tni-drawdown-duration{max-width:920px;margin-top:72px}.tni-drawdown-duration h2{color:#0b1f33;letter-spacing:-.03em;max-width:820px;margin:0;font-size:36px;line-height:1.13}.tni-drawdown-duration>p{color:#475467;max-width:820px;margin:18px 0 0;font-size:17px;line-height:1.7}.tni-duration-grid{grid-template-columns:repeat(2,minmax(0,1fr));gap:16px;margin-top:28px;display:grid}.tni-duration-grid article{background:#fff;border:1px solid #e4e7ec;border-radius:14px;padding:24px}.tni-duration-grid article>span{color:#667085;letter-spacing:.055em;font-size:11px;font-weight:800}.tni-duration-grid article>strong{color:#0b1f33;letter-spacing:-.025em;margin-top:10px;font-size:32px;line-height:1.1;display:block}.tni-duration-grid article>strong small{color:#667085;letter-spacing:0;font-size:15px;font-weight:700}.tni-duration-grid article>p{color:#667085;margin:12px 0 0;font-size:14px;line-height:1.55}@media (width<=720px){.tni-drawdown-duration{margin-top:56px}.tni-drawdown-duration h2{font-size:29px}.tni-drawdown-duration>p{font-size:16px;line-height:1.7}.tni-duration-grid{grid-template-columns:1fr;gap:12px;margin-top:22px}.tni-duration-grid article{padding:20px}.tni-duration-grid article>strong{font-size:28px}}.tni-drawdown-intelligence{background:linear-gradient(135deg,#f8fafc 0%,#fff 58%,#f2f6ff 100%);border:1px solid #d0d5dd;border-radius:18px;max-width:980px;margin-top:88px;padding:42px 44px;position:relative;overflow:hidden}.tni-drawdown-intelligence:before{content:"";background:#172033;width:100%;height:4px;position:absolute;top:0;left:0}.tni-drawdown-intelligence h2{color:#0b1f33;letter-spacing:-.03em;max-width:760px;margin:0;font-size:36px;line-height:1.13}.tni-drawdown-intelligence p{color:#475467;max-width:720px;margin:18px 0 0;font-size:17px;line-height:1.7}.tni-drawdown-intelligence>a{color:#fff;letter-spacing:.025em;background:#172033;border:1px solid #172033;border-radius:9px;align-items:center;margin-top:28px;padding:13px 18px;font-size:13px;font-weight:800;text-decoration:none;transition:transform .16s,box-shadow .16s,background .16s;display:inline-flex}.tni-drawdown-intelligence>a:hover{background:#24324a;transform:translateY(-1px);box-shadow:0 8px 20px #1018281f}.tni-drawdown-intelligence>a:focus-visible{outline-offset:3px;outline:3px solid #2563eb40}@media (width<=720px){.tni-drawdown-intelligence{border-radius:14px;margin-top:64px;padding:30px 22px}.tni-drawdown-intelligence h2{font-size:29px}.tni-drawdown-intelligence p{font-size:16px;line-height:1.7}.tni-drawdown-intelligence>a{box-sizing:border-box;text-align:center;justify-content:center;width:100%;padding:14px 16px}}.tni-drawdown-2026-context{background:linear-gradient(135deg,#fffdf8 0%,#fff 58%,#f8fafc 100%);border:1px solid #e4e7ec;border-radius:16px;max-width:980px;margin-top:72px;padding:36px 38px;box-shadow:0 10px 30px #1018280a}.tni-context-heading-row{justify-content:space-between;align-items:flex-start;gap:24px;display:flex}.tni-context-heading-row h2{color:#0b1f33;letter-spacing:-.03em;max-width:680px;margin:0;font-size:36px;line-height:1.13}.tni-context-date{color:#667085;letter-spacing:.07em;white-space:nowrap;background:#fff;border:1px solid #e4e7ec;border-radius:999px;flex:none;padding:7px 10px;font-size:10px;font-weight:800}.tni-drawdown-2026-context>p{color:#475467;max-width:820px;margin:18px 0 0;font-size:17px;line-height:1.72}.tni-context-signal-grid{grid-template-columns:repeat(3,minmax(0,1fr));gap:14px;margin-top:28px;display:grid}.tni-context-signal-grid article{background:#fff;border:1px solid #e4e7ec;border-radius:12px;min-width:0;padding:22px}.tni-context-signal-grid article:first-child{border-top:3px solid #b54708}.tni-context-signal-grid article:nth-child(2){border-top:3px solid #b42318}.tni-context-signal-grid article:nth-child(3){border-top:3px solid #2563eb}.tni-context-signal-grid span{color:#667085;letter-spacing:.06em;font-size:10px;font-weight:800;line-height:1.4;display:block}.tni-context-signal-grid strong{color:#101828;letter-spacing:-.025em;margin-top:10px;font-size:30px;line-height:1.05;display:block}.tni-context-signal-grid small{color:#667085;margin-top:9px;font-size:12px;line-height:1.5;display:block}.tni-drawdown-2026-context>.tni-context-caution{color:#475467;background:#f8fafc;border-left:3px solid #98a2b3;margin-top:24px;padding:16px 18px;font-size:14px;line-height:1.65}.tni-crash-2026{border-top:1px solid #e4e7ec;margin-top:38px;padding-top:34px}.tni-crash-2026 h2{color:#0b1f33;letter-spacing:-.025em;max-width:760px;margin:0;font-size:32px;line-height:1.15}.tni-crash-2026 p{color:#475467;max-width:820px;margin:16px 0 0;font-size:17px;line-height:1.72}@media (width<=720px){.tni-drawdown-2026-context{border-radius:14px;margin-top:56px;padding:28px 20px}.tni-context-heading-row{display:block}.tni-context-heading-row h2{font-size:29px}.tni-context-date{margin-top:16px;display:inline-block}.tni-drawdown-2026-context>p,.tni-crash-2026 p{font-size:16px;line-height:1.7}.tni-context-signal-grid{grid-template-columns:1fr;gap:12px;margin-top:22px}.tni-context-signal-grid article{padding:19px}.tni-context-signal-grid strong{font-size:28px}.tni-crash-2026{margin-top:32px;padding-top:30px}.tni-crash-2026 h2{font-size:27px}}.tni-drawdown-featured-image{width:100%;max-width:1000px;margin:34px auto 28px}.tni-drawdown-featured-image img{aspect-ratio:1200/630;object-fit:cover;border:1px solid #e4e7ec;border-radius:14px;width:100%;height:auto;display:block;box-shadow:0 1px 2px #1018280a,0 12px 32px #10182812}.tni-drawdown-featured-image figcaption{color:#667085;text-align:center;margin-top:10px;font-size:13px;line-height:1.5}@media (width<=720px){.tni-drawdown-featured-image{margin:26px auto 24px}.tni-drawdown-featured-image img{border-radius:10px}.tni-drawdown-featured-image figcaption{padding:0 8px;font-size:12px}}