The reads below are for when China's factories report stronger conditions than expected. Expect the opposite when China's factories report weaker conditions.
Sectors
Basic MaterialsUsually helpsChina buys half the world's copper and iron ore.
Consumer CyclicalUsually helpsLuxury brands and carmakers sell into China.
EnergyUsually helpsChina is the biggest oil importer.
IndustrialsUsually helpsUS machinery makers sell into China.
TechnologyUsually helpsChina buys chips and hardware.
Communication ServicesLittle effectLittle direct link.
Consumer DefensiveLittle effectLittle direct link.
Financial ServicesLittle effectLittle direct link.
HealthcareLittle effectLittle direct link.
Real EstateLittle effectLittle direct link.
UtilitiesLittle effectLittle direct link.
Where each sector’s relative strength sits this week is on the rotation board.
Industries that behave differently from their sector
CopperUsually helpsChina takes half the world's copper.
Luxury GoodsUsually helpsChinese shoppers are the biggest luxury buyers.
Auto ManufacturersUsually helpsChina is the largest car market.
Farm ProductsUsually helpsChina buys American soybeans and grain.