Pharos is Online

Two weeks ago we said we were building Pharos behind the site. Tonight the doors open.

Every paid subscriber can now sign in at Pharos with the email on their subscription. No password, no setup. Inside: The Watch, the cover page where the whole framework stands right now, and a full page for each of the twelve pillars. Regime verdicts, the proprietary series with thresholds marked and explained, the nowcasts with their out-of-sample records printed next to them, and a tear sheet for every indicator written so you do not need a stats degree to read it.

Everything is computed from the same database we run the book from, and it rebuilds every morning after the data lands. What you see is what we see.

Alongside those sit the asset class boards for market participants and the Main Street monitors for business operators, who still need to read the ebbs and flows of the cycle. Not everyone will need every monitor.

We said after the July 4th sale that $500 was the floor, and we meant it. The next ten subscribers are the last in at that number, and after them it steps up. Every subscription includes Pharos.

We are also opening our latest long-form piece to everyone for the next week.

That’s our view from the Watch. We’ll keep the light on...

Bob Sheehan, CFA, CMT
Founder & Macro Strategist

_{Important Disclosures}

^{This document is for informational purposes only and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. The views expressed are those of Lighthouse Macro and are subject to change without notice. Positioning language reflects our current thinking and is not a representation of any account’s holdings. References to Lighthouse Macro nowcasts and gauges describe proprietary models built on public data. Data as of July 17, 2026 unless otherwise noted, sourced from BLS, BEA, Census, the Federal Reserve, the Federal Reserve Banks of New York and Atlanta, ICE BofA, Moody’s, S&P CoreLogic Case-Shiller, Nasdaq, the University of Michigan, company filings, and the Lighthouse Macro Master Database.}