Silly time on Wall Street is fast-approaching. 

With the biggest names on Wall Street about to head out to sail the summer waters on their mega-yachts, random bouts of market volatility are likely to come to fruition (per the usual). The market could be one salivating Trump headline away from plunging -- even if that headline doesn't mean much to Corporate America's bottom line. 

And the pain this time around could be severe as the high-rollers on the Street have excess exposure to many high beta, higher than normal risk names.  

Goldman's "Hedge Fund VIP" basket of the 50 most popular long positions are overweight big-tech. The top five holdings includes Facebook (FB) - Get Facebook, Inc. Class A Report , Amazon (AMZN) - Get, Inc. Report , Time Warner (TWX) , Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report and Alphabet (GOOGL) - Get Alphabet Inc. Class A Report . Recent tech additions include Adobe (ADBE) - Get Adobe Inc. Report and Palo Alto Networks (PANW) - Get Palo Alto Networks, Inc. Report . If the big-cap tech trade unwinds on a simple headline, investors more broadly need to look out below. 

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So, the time to be prepared for all of this is now.  

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