Energy and Commodity Markets - What Do You Think?

When China's open for business, you would expect China to buy more. Energy commodities to keep the engine running. The consequence is rather clear in equity space. If we look at the US equity market over the past month, we have energy towards the bottom of the leaderboard alongside some of the so called defensive sectors. But you also notice that materials and industrial companies,. they have performed decently well so far this year, at least relative to energy.