Energy and staples lead while tech underperforms, Craig Shapiro notes

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Olesia Kramarenko

28.04.2026

Energy and staples lead while tech underperforms, Craig Shapiro notes — Defensive sectors outperform as tech falls

Craig Shapiro, industry influencer, provides an intraday update on April 28, 2026, highlighting that ES is facing downside pressure toward the 7,100 support level.

Defensive rotation is picking up momentum, with energy and staples sectors showing gains, while technology stocks are under significant pressure. Market breadth is weakening, with only 58.5% of stocks above a certain measure, reflecting increased caution among investors.

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Shapiro previously flagged supply concerns after Brent crude climbed past $125 on March 30 amid disruptions at Hormuz. Earlier this year, he alleged that President Trump manipulated markets to prevent asset price declines. These developments add to investor caution seen in today's session.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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