I'd argue (#1) emerging markets, (#2) large cities via municipal bonds, and (#3) insurers. We're seeing problems creep into these already with emerging market inflation and social unrest, we're seeing large cities struggle to deal with homelessness, immigration (see #1), organized theft, etc, and we're seeing insurance rates put a green candle through heaven's floorboards, some even pulling out completely from counties and whole states.

Then of course it's deadly for small businesses, high leverage businesses (from biotech to social, basically anything with a ticker symbol that isn't a DOW component, because these can directionally benefit in acquiring going concern companies), banking, and so on. The whole system spent like a decade building around low rates and never prepared for a different outcome.