Goldman Likes These 2 Giant Geopolitical Bets For A Tactical Trade

Amid all the chaos of the last few weeks, top Goldman Sachs trader Louis Miller has spotted two major dislocations amid the shifting geopolitical landscape.

The first is: US Domestic/US Multi-nationals vs US Dollar/US growth differentials; and the second is: the Ukraine Ceasefire basket vs European USA Exposed given today’s headlines are bringing back focus on potential ceasefire. 

1. We like going short US companies with high domestic sales (GSXUAMER) vs long US companies with high international sales (GSXUINTL) as the pair normalizes back to the US dollar.