A breakout in mid-cap industrials should offer a tailwind to the on-the-up office furniture designer Herman Miller, All Star Charts’ Tom Bruni told Real Vision viewers on Trade Ideas.
“If we’re seeing equities as an asset class breakout, we want to own the strongest stocks within that and mid-cap industrials fit that bill,” he told Real Vision’s Jake Merl, noting that the S&P Global 100 chart looks like it’s going to break higher.
Mid-cap industrials are also in a strong position because Bruni sees signs that interest rates are stabilizing and will perhaps move higher,