Goldman's Favorite Trade If Democrats Sweep The Midterms

Prediction markets have spent the past month pricing a Democratic sweep. The stocks that should benefit most from one have spent the past three weeks going the other way.

That disconnect is the lead trade in this week's "Global Reflections" (available to pro subs) from Goldman's custom baskets team, led by Louis Miller, who sets the scene in appropriately seasonal fashion:

Broadening Worked "Perfectly"... Maybe Too Perfectly