Bob Sheehan
Lighthouse Macro
“the Fed put is essentially the market's assumption that if risk assets fall hard enough, the Fed's going to step in... Warsh has very much tried to signal that that's... gone.”
“the short end kind of matters now and the long end will matter in the longer term... you got to get this bear flattener to start and then the steepener kind of comes in waves.”
“healthcare and staples and kind of these more defensive sectors are going to be the beneficiaries of kind of this muddied water... value defensives are shorter duration equities, longer term tech names are going to be your longer duration equities... we are currently positioned that you want to be more defensive.”
Bob Sheehan
One-line summary: Macro strategist; argues the Fed put is dead under Warsh and that short-duration defensives (healthcare/staples) beat long-duration tech.
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Speaker-attributed claims extracted from diarized sources. Each bullet mirrors one entry in quotes: frontmatter — keep them in sync.
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On supply-shock-inflation-persistence:
"the Fed put is essentially the market's assumption that if risk assets fall hard enough, the Fed's going to step in... Warsh has very much tried to signal that that's... gone." — 2026-06-29-podcast-forward-guidance-how-to-trade-the-new-warsh-fed-bob-sheehan (2026-06-29)
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"the short end kind of matters now and the long end will matter in the longer term... you got to get this bear flattener to start and then the steepener kind of comes in waves." — 2026-06-29-podcast-forward-guidance-how-to-trade-the-new-warsh-fed-bob-sheehan (2026-06-29)
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On (no topic linked):
"healthcare and staples and kind of these more defensive sectors are going to be the beneficiaries of kind of this muddied water... value defensives are shorter duration equities, longer term tech names are going to be your longer duration equities... we are currently positioned that you want to be more defensive." — 2026-06-29-podcast-forward-guidance-how-to-trade-the-new-warsh-fed-bob-sheehan (2026-06-29)
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