{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Avory - Markets and Investing","title":"Five Questions for the Second Half of 2026","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/33fbb16a\"></iframe>","width":"100%","height":180,"duration":3176,"description":"Avory’s Mid-2026 View \nLuis Alvarez and Avory Chief Investment Officer Sean Emory review the first half and outline Avory’s second-half views through five questions: \n00:00 Five Big Questions\n00:36 Show Format And Macro Setup\n01:35 Market Bifurcation And AI Trade\n05:00 Laggards, Ceasefire And Rotation\n07:45 Is AI Really Macro Immune\n10:44 Hyperscaler CapEx Reality Check\n12:53 Trim Infrastructure And Be Selective\n13:39 First Order Vs Second Order AI\n20:08 Second Order Identity And Trust\n23:09 Capital Flows And Blackstone Angle\n23:51 Where Second Order ROI Shows Up\n25:16 Why Zoom Fits The AI Stack\n27:07 Zoom as Context Hub\n28:49 AI Meeting Workflows\n30:04 Anthropic Stake Math\n31:34 Real Estate Rate Shock\n33:21 AI Deflation Thesis\n36:47 Consumer Health Check\n38:56 Fed Embraces Real Time\n40:25 AI Spend Reality Check\n43:57 Durable Compounders Case\n47:23 Rapid Fire Wrap Up\nHosted by\nSean Emory\nFounder & Chief Investment Officer\nAvory & Co.\nWebsite\nwww.avory.xyz\nDisclaimer\nThis presentation is for informational purposes only and does not constitute an offer, recommendation, or solicitation to buy or sell any security. Past performance is not indicative of future results. All opinions expressed are as of the date of recording and are subject to change without notice. Any securities discussed may or may not remain in the portfolio. Please consult with a licensed financial advisor before making any investment decisions.\n© 2026 Avory & Co. All rights reserved.","thumbnail_url":"https://img.transistorcdn.com/ADRPTmp9Za1lH4Yt9ZONyfvomzdplTO8ScyOf5TslvM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kZTBk/NDJhZTkzMjZiZDAw/MWE5ZTc2OWYyNTg3/OTllMC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}