Why Short Selling Still Matters—and Why Software Stocks May Not

Short selling isn’t the villain—it’s vital market plumbing. Danny breaks down how shorts add liquidity, how borrow rates and short interest really work, and what “naked shorting” is (and isn’t), using the GameStop saga, Robinhood’s halt, and Melvin Capital’s blow-up as case studies. Then Adam Parker, founder/CEO of Trivariate Research, joins to talk 2026 market setup: earnings vs. prices, software’s stumble, the AI trade, quality factors, and the risk from U.S. debt and Treasury yields. We close with a Super Bowl edition of Kalshi event-contract picks.