Very interesting, thanks. I'm a happy shareholder of Saipem (SPM.MI). Not as undervalued as few months ago, but not still fair priced, especially if we anticipate a success of the merge with Subsea 7.
Beyond oil&gas, do you think that healthcare could be the next one to benefit from the Great Rotation?
Thanks! Good question. I think it depends Health care is fairly broad. Generally speaking I think it would depend on: Inflation (bad for reimbursements), action from Trump admin (see TrumpRx). Overall I’d say I am neutral on that sector currently. It can be a „risk off“ trade but I think trust in government protecting the sector is low. So it is in some way the opposite of the whole debasement/ gold trade.
Very interesting, thanks. I'm a happy shareholder of Saipem (SPM.MI). Not as undervalued as few months ago, but not still fair priced, especially if we anticipate a success of the merge with Subsea 7.
Beyond oil&gas, do you think that healthcare could be the next one to benefit from the Great Rotation?
Thanks! Good question. I think it depends Health care is fairly broad. Generally speaking I think it would depend on: Inflation (bad for reimbursements), action from Trump admin (see TrumpRx). Overall I’d say I am neutral on that sector currently. It can be a „risk off“ trade but I think trust in government protecting the sector is low. So it is in some way the opposite of the whole debasement/ gold trade.