Events · who it helps and who it hurts

Government shutdown / funding deadline

The date government funding runs out unless Congress acts.

Not on our calendar

The reads below are for when funding lapses and the government shuts down. Expect the opposite when a funding deal is reached.

Sectors

IndustrialsUsually hurtsGovernment contracts and payments stop; defense and services contractors feel it first.

Consumer CyclicalUsually hurtsFurloughed workers spend less.

Financial ServicesUsually hurtsEconomic data stops being published and investors turn cautious.

HealthcareUsually hurtsMedicaid and other federal payments are delayed.

TechnologyUsually hurtsGovernment IT contracts pause.

Basic MaterialsLittle effectLittle direct link.

Communication ServicesLittle effectLittle direct link.

Consumer DefensiveLittle effectLittle direct link.

EnergyLittle 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.

Consulting ServicesUsually hurtsGovernment consulting work stops being billed.

AirlinesUsually hurtsAir-traffic controllers and airport security work unpaid, and delays mount.

Medical Care FacilitiesUsually hurtsFederal reimbursements are delayed.