So Far in 2026, Hedge Funds Made $24 Billion Shorting…

Software Stocks! 🐞💻

Turns out the hottest trade of early 2026 wasn’t AI, space, or “whatever just went up on TikTok.” It was betting against software.

Heavily shorted names (sold with the hope of buying them back cheaper later—aka a bearish bet) include TeraWulf and Asana. Ouch. And among the sector’s early-year faceplants: Intuit (INTU) and DocuSign (DOCU), both down more than 30%. Tax software and PDFs, apparently, are not the vibe.

Even the giants are catching digital shrapnel. Microsoft (MSFT) is down ~15%, Oracle (ORCL) ~21%, and once-untouchable darlings like Salesforce (CRM), Adobe (ADBE), and ServiceNow (NOW) are all off more than 20%. When the whole SaaS party leaves at once, nobody finds their coat.

And it’s not just the old guard. Recent market heroes like Palantir (PLTR), Rocket Lab (RKLB), AppLovin (APP), and Robinhood (HOOD) have also been taken to the woodshed. Momentum, meet gravity. 🌍

Meanwhile, something unfashionable is stirring… value stocks.
PepsiCo, anyone? 🥤
Yes, boring is back. And boring sometimes pays.

This is what markets do best: rotate, punish certainty, and humble narratives. Last year’s winners become this year’s cautionary tales -- or support tickets.

Software’s hit a bug.
Carpe Diem: Enjoy the debugging. 🛠️📉