Synchronicity for Apple and Microsoft

The steadiness of the rally in the U.S. markets is unsettling!

And how about the idea that Microsoft (MSFT - commentary - Cramer's Take) and Apple (AAPL - commentary - Cramer's Take) would simultaneously be hitting 52-week highs? A few months ago, I wrote a post about how what's good for Apple is good for Microsoft, and I got called crazy for it. There's no newsflash about my sanity there, but both companies and stocks are doing great.

And if both Apple and Microsoft are doing that well at the same time, you know it's:

A bull market
A strong tech economy
Both of the above

I'd go with C. Stick with tech, but be cautious about the near term.

At the time of publication, the firm in which Willard is a partner was net long Apple and Microsoft, although positions can change at any time and without notice.

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Cody Willard is the manager of a hedge fund and a contributor to the Financial Times and VON Magazine. He is also a regular guest on CNBC's Kudlow & Company and an adjunct professor at Seton Hall.

He earned a bachelor's degree in economics at the University of New Mexico. Willard appreciates your feedback -- click here to send him an email.