Technology stocks have been hot this year. And excellent earnings are expected when big companies start reporting this week.
Given the momentum and aggressive buying by the momo (momentum) crowd, expectations are widespread that earnings will be the catalyst for another leg up in popular tech stocks.
My longtime readers have been asking about what the smart money is doing ahead of earnings. In my view, this is the right line of inquiry for prudent investors. The smart money — professional investors — pays attention to both risk and reward. The momo crowd is often oblivious to risks.