To run this task you must have the following required information:

> Industry or sector to analyze, optionally specific companies to focus on

If you don't have all of this information, exit here and respond asking for any extra information you require, and instructions to run this task again with ALL required information.

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You MUST use a todo list to complete these steps in order. Never move on to one step if you haven't completed the previous step. If you have multiple read steps in a row, read them all at once (in parallel).

Add all steps to your todo list now and begin executing.

## Steps

1. [Read Executive Research Guide]: Read the documentation in: `./skills/sauna/[skill_id]/references/executive.research.guide.md` (Get the investor sentiment analysis output format)

2. Gather context from the user:
- What industry or sector?
- Any specific companies to focus on?
- Are you looking at public company sentiment or private market signals?

Check `./documents/executive-context.json` for existing context.


3. Use `./skills/sauna/[skill_id]/references/skill/research.exa.lookup` to research investor sentiment:

Search queries to run:
1. "[industry] earnings call transcript key themes"
2. "[company] investor letter shareholder update"
3. "[industry] analyst ratings outlook"
4. "[industry] investor concerns risk factors"
5. "[industry] growth expectations guidance"

Look for: Earnings transcripts, analyst reports, investor letters, financial news.


4. Synthesize findings into the Investor Sentiment Analysis format:

1. Overall sentiment assessment with rationale
2. Key themes from earnings calls with quotes
3. Analyst perspectives with ratings distribution
4. Risk factors being highlighted
5. Growth expectations and guidance

Include sources and specific quotes where possible.
Note which signals are strongest vs. mixed.


5. Provide implications for their business:
- What does sentiment suggest about market timing?
- What concerns should they be prepared to address?
- How does their positioning align with investor expectations?

Offer to save findings to `./documents/executive-research-index.json`.