Craig Shapiro: Energy and staples outperform as growth sectors face selling

Craig Shapiro: Energy and staples outperform as growth sectors face selling
Energy and staples lead sector gains

Craig Shapiro highlights that energy and consumer staples are leading the market, with growth sectors experiencing broad selling pressure in a defensive rotation on June 10, 2026.

Key sector moves include XLE (Energy) up 2.06%, XLP (Consumer Staples) up 1.70%, XLRE (Real Estate) up 0.58%, XLC (Communication Services) up 0.54%, and XLU (Utilities) also gaining.

Shapiro previously flagged Broadcom’s AI revenue guidance miss as the first major repricing event for the sector in 2026, according to a recent report. In a separate note, he observed the U.S. dollar rallying while gold, silver, bitcoin, and copper fell amid higher front end yields, as detailed in his earlier coverage. These updates follow continued attention to key sector and asset moves.

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