You recommend searching beyond the “obvious”, but keep in mind that the further removed you get from the obvious the more dampened the effect will be. For home builders and lenders, the housing market is the primary driver of the stock price. For others like car parts suppliers, it may be a secondary effect. They will feel the pinch less acutely due to all the other factors that affect them.

It’s like a spreading ripple in a pond- it starts violent and fast at the source, and diffuses and arrives later in other areas further away.