The stock market is rapidly moving into earnings season with momentum, surprising investors. Citi Research's Scott Chronert, head of U.S. equity strategy at Citi, believes that the technology sector is entering a "reverse perfect storm" where struggling segments of tech could surprise investors and drive the next leg higher. This comes as the S&P 500 and the Nasdaq Composite extend to an intraday all-time high of $24,519.51. Despite concerns about geopolitical tensions, the fundamentals are also holding up for the stock market. The tech sector has surged 7% over the past week and is expected to grow about 20% annually. Despite this, investors are expecting a "beat and raise" quarter, in which companies exceed expectations and raise guidance.