Trump's anti-vaping campaign dented the tobacco companies a bit. But they are incredibly resilient and they have the ability to hike prices and still make sales.
If there is a global rebound after covid, the energy mining stocks should do well. Can't have a boom without energy!
I agree they can hike prices and still get sales but there is a limit where hiking prices reduces sales abs you have to strike that balance. Also with covid and people all health focused I’m not so sure on that trade but that’s just me picking at narratives
I think every market will have a “rebound” I just don’t know how high and even if it reaches old highs how much of that is value versus inflation.