Apple and Microsoft pair trade idea. Prices are at extremes, MSFT to the upside and APPL to the downside. Price correlation between the two is expected to normalize between the two resulting in a reversion to the mean for the correlation.
With this in mind I would be looking to go long on AAPL and short in MSFT.
With this in mind I would be looking to go long on AAPL and short in MSFT.
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