Events · who it helps and who it hurts

Export-control or entity-list action

A new restriction on what US companies may sell to a country or company.

Not on our calendar

The reads below are for when export controls are tightened. Expect the opposite when export controls are eased.

Sectors

TechnologyUsually hurtsChip and equipment makers lose sales to the restricted country.

IndustrialsUsually hurtsAerospace and precision-equipment makers lose some sales.

Basic MaterialsLittle effectLittle direct link.

Communication ServicesLittle effectLittle direct link.

Consumer CyclicalLittle effectLittle direct link.

Consumer DefensiveLittle effectLittle direct link.

EnergyLittle 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.

Semiconductor Equipment & MaterialsUsually hurtsChip-making machines can no longer be shipped to the restricted factories.