We’ve had mega-cap tech concentration risk – started on “January Effect” post October 2022 global central bank liquidity infusion – but it picked up in earnest and size since March Fed/Treasury bank bailout/backstop. But soon with AAPL and AMZN reporting this week, we will have all megacap tech earnings ‘out of the way’ for the market to decide if the risk-reward is to the upside.