As Omicron fears and concerns around Fed taper shock the market and many of the high-flying tech darlings start to show signs of cracking, short-sellers are closing out 2021 on a high note. Ivan Ćosović from Breakout Point highlights that this recent success may seem tied to broader market stress, but the reality is that 2021 has been a strong year for short-sellers regardless of how the market is doing. He cites the strong collective YTD return of the 125 major campaigns he is tracking thus far in 2021, the even stronger numbers from the SPAC subset of those 125 names, and the prolific year some firms like Hindenburg Research have had. As well Ćosović breaks down how retail meme traders reacted to market weakness and why he is keenly focused on developments surrounding proposed changes to European short selling regulations and the subsequent response to that proposal from Muddy Waters Capital.