THE HORIZON | JANUARY 2026

THE HOLLOW RALLY

5 hrs ago • Lighthouse Macro and Bob Sheehan, CFA, CMT

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December 2025

The Beam & LNMS Report

Noteworthy Narratives In Advance of a New Year

Dec 3, 2025 • Lighthouse Macro and Bob Sheehan, CFA, CMT

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November 2025

The Beacon | Banking On Nonbanks

New NY Fed research reveals that liquidity risk hasn’t disappeared, just gone dark.

Nov 25, 2025 • Lighthouse Macro and Bob Sheehan, CFA, CMT

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The Chartbook - November 23, 2025

The Divergence Widens

Nov 23, 2025 • Lighthouse Macro and Bob Sheehan, CFA, CMT

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⚓ Liquidity Transmission Framework

Liquidity Isn’t Gone. It Just Stopped Absorbing Risk.

Nov 8, 2025 • Lighthouse Macro

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October 2025

The Beacon | It's Getting Spooky

The Hidden Transition

Oct 30, 2025 • Lighthouse Macro

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Building the Intelligence Layer

Lighthouse Macro Extends Into Private Capital

Oct 26, 2025 • Lighthouse Macro

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The Beam | Treasury Buybacks & The Mechanical Basis Squeeze

When Predictable Plumbing Becomes Profitable Signal

Oct 10, 2025 • Lighthouse Macro

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The Beacon | The Last Mile of Disinflation

Why the easy phase is over — and what it means for the next stage of policy, markets, and growth.

Oct 7, 2025 • Lighthouse Macro

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September 2025

From Foundations to Fault Lines — Part III

From Foundations to Fault Lines, Part III

Sep 15, 2025 • Lighthouse Macro

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August 2025

From Foundations to Fault Lines — Part II

Collateral Fragility

Aug 19, 2025 • Lighthouse Macro

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From Foundations to Fault Lines — Part I

Cracks in the Foundation

Aug 12, 2025 • Lighthouse Macro

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