Market narratives tested against data.
Avory - Markets and Investing is a data-heavy market commentary show focused on what earnings, sentiment, and macro signals suggest about risk. Recent episodes track AI infrastructure, software valuations, oil shocks, inflation, consumer indicators, and company-specific postmortems.
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Avory - Markets and Investing is a focused market commentary show. It sounds like an investor thinking aloud with a screen full of charts, transcripts, and earnings notes. Sean Emery returns often to the same discipline: separate narrative from data. That makes AI one of the show’s central subjects, but not as hype. Recent episodes examine the AI buildout through NVIDIA, big tech capital spending, software demand, Salesforce, Workday, Zoom, Block, Google, Microsoft, Amazon, and Meta. The show repeatedly questions the fear that AI simply destroys software businesses. It looks instead at usage, product adoption, customer expansion, developer demand, earnings language, and where sell-offs may be indiscriminate. Macro also gets constant attention. Oil spikes, VIX moves, inflation readings, Fed pressure, insider buying, NASDAQ signals, consumer traffic, and business formation data all become pieces of the same market puzzle. The pacing is fast and thesis-oriented. It assumes comfort with terms like PPI, core PCE, MACD, CapEx, EBITDA, free cash flow, and positioning. Company episodes can get granular, with postmortems on Block and discussions of Square, Afterpay, Cash App, product-led growth, and AI search exposure. Guest episodes widen the lens, including Alex Morris on Dollar General and Dollar Tree and Mika Kaufman on Fiverr. The recurring posture is contrarian but not casual. Claims are usually tied back to numbers, management commentary, or observable market behavior. It is less about predicting the next tick than judging whether fundamentals and sentiment have drifted apart. The show also keeps its investment-risk boundaries visible, reminding listeners that the discussion is informational rather than advice. The result is practical, concentrated-portfolio commentary for people who want market interpretation with a strong company-analysis spine.
Made for: For investors and market watchers who are comfortable with earnings analysis, macro indicators, and public-company vocabulary. It best suits listeners looking for thesis checks rather than beginner investing lessons.
What sets it apart: The show connects company fundamentals, AI adoption, market positioning, and macro signals in one running argument. Its strength is the habit of testing fear-driven market moves against actual business data.
Around the Desk: This is where we at Avory think out loud, challenge narratives, and look for signal through the noise. Each episode, the Avory & Co. team dives into what’s moving markets, how companies are performing, and where opportunities may be forming. We break down earnings, macro trends, and investor sentiment — all from the lens of a concentrated, high-conviction portfolio.*** The views expressed on Avory Podcast: Around the Desk are those of the hosts and guests and do not constitute investment advice. This podcast is for informational purposes only and should not be relied upon to make investment decisions. All investments involve risk, including potential loss of capital. Avory &…
A software scare meets Anthropic's Workday usage; Sean Emery wants you to check the numbers.
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Short reviews from the PlayNext desk, based on the episodes we processed.
A concise market review connecting oil risk, AI adoption, positioning, and incentives.
Sean Emery brings oil, the VIX, financial-sector insider buying, and the AI investment cycle into one compact market read. Speaking from his role at Avery & Company, he treats volatility less as noise than as a clue to positioning, incentives, and decision-making.
A clear test of whether AI is weakening software demand or giving major platforms more room to grow.
AI's collision with software sits at the center of this episode, with NVIDIA, Salesforce, Zoom, Block, Workday, and Intuit used as the main test cases.
AI headlines are pressuring companies beyond software, while the episode argues the market may be mistaking disruption risk for broad, indiscriminate fear.
The episode frames the AI sell-off as less a clean read on fundamentals than a market contradiction. Macro conditions are stabilizing and earnings are still holding up, yet software and nearby categories are being marked down whenever AI anxiety surfaces.
Alex Morris and Sean Emery examine whether dollar-store convenience can stay defensible as competitors expand.
Dollar General and Dollar Tree anchor a focused look at whether convenience can remain distinctive as other retailers chase the same customer need.
A founder-led investor conversation on making remote, flexible talent a more predictable marketplace business.
Fiverr's founder and CEO presents the company as a marketplace designed around easy access to remote, flexible talent worldwide. The discussion moves from that convenience to the value of repeat work, with more than 60% of revenue described as coming from returning customers.
BBC's daily business show, from toy-industry founders to Anthropic's Pentagon standoff.
Sean Emery opens Avery's Around the Desk by pointing to oil up about 20% in five days, the VIX up 53% over the last month, and financial-sector insider buying rising at the same time.
Sean Emery uses earnings from NVIDIA, Salesforce, Workday, Zoom, and Block to argue that AI is enhancing software more than replacing it.
Sean Emery compares current software weakness with 2015–16, when insider buying rose amid growth concerns.
Sean Emery uses Avery's Around the Desk to argue that Jensen Wang was right to call the software sell-off "the most illogical thing in the world" if AI infrastructure keeps expanding.
Sean Emery frames roughly $600 billion in Google, Microsoft, Amazon, and Meta capital spending as both an AI buildout and a signal of economic confidence.
Sean Emery of Avery & Company interviews Alex Morris of TSOH Investment Research about Dollar General, Dollar Tree, and Morris's transparent style of stock research.
["Mika Kaufman says Fiverr started by turning services into SKUs, launching $5 microservices, and building trust into contracting, payments, and support.", "He says the marketplace now spans close to 800 categories and transactions range from $5 to hundreds of thousands of dollars, with new categories moving from idea to live trading in about two weeks.", "Kaufman says more than 60% of revenue comes from repeat buyers, and Fiverr has shifted toward larger customers and more complex projects.", "He argues AI is creating more value than it destroys, pointing to programming and technology categories up 14%, a 25% EBITDA target pulled forward by a year, and a $100 million buyback."]
Seth Golden argues that 75,000 monthly job gains can signal labor-market balance rather than weakness when participation declines.
Garth Friesen rates himself seven out of ten bullish, citing easing inflation and potential Fed rate cuts over 12 to 18 months.
Mark Mahaney discusses the state of the internet, Gen AI impacts, and key themes from earnings season.
Soren Larson discusses his journey from fighting Russian bots in ad tech to founding Crosshatch, a personalized AI company.
Sean Emery and Seth Golden discuss macroeconomic trends, the SVB scare, and inflation data.