Lighthouse Macro

The Beacon | Banking On Nonbanks

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

Nov 25 • 

Lighthouse Macro

 and 

Bob Sheehan, CFA, CMT

5

1

The Chartbook - November 23, 2025

The Divergence Widens

Nov 23 • 

Lighthouse Macro

 and 

Bob Sheehan, CFA, CMT

5

2

1

⚓ Liquidity Transmission Framework

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

Nov 8 • 

Lighthouse Macro

8

3

October 2025

The Beacon | It's Getting Spooky

The Hidden Transition

Oct 30 • 

Lighthouse Macro

9

5

Building the Intelligence Layer

Lighthouse Macro Extends Into Private Capital

Oct 26 • 

Lighthouse Macro

5

1

The Beam | Treasury Buybacks & The Mechanical Basis Squeeze

When Predictable Plumbing Becomes Profitable Signal

Oct 10 • 

Lighthouse Macro

6

2

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 • 

Lighthouse Macro

9

1

September 2025

From Foundations to Fault Lines — Part III

From Foundations to Fault Lines, Part III

Sep 15 • 

Lighthouse Macro

15

3

5

August 2025

From Foundations to Fault Lines — Part II

Collateral Fragility

Aug 19 • 

Lighthouse Macro

15

4

3

From Foundations to Fault Lines — Part I

Cracks in the Foundation

Aug 12 • 

Lighthouse Macro

37

2

9

March 2025

Bullion Brilliance

A Data- Driven Analysis of Gold's Behavior Following All-Time Highs

Mar 19 • 

Lighthouse Macro

 and 

Bob Sheehan, CFA, CMT

4

3

The Vanishing Job-Hopper Premium

The Grass Is No Longer Greener: A Data-Driven Analysis of Today's Labor Market

Mar 14 • 

Lighthouse Macro

 and 

Bob Sheehan, CFA, CMT

3

2