The Power Index ranks five core style factors by relative performance for the April 7, 2026 session, using the move from April 6 close to April 7 close.
Growth = IWF
Momentum = MTUM
Quality = QUAL
Value = IWD
Low Volatility = USMV
It was a hold in the order.
On the prior session, Growth was first and Low Volatility was last. One day later, Growth stayed first and Low Volatility stayed fifth. Momentum held second. Quality held third. Value held fourth.
That is not a new handoff. It is the same order holding in place.
Ranked: The Hold
Money did not rotate on Tuesday.
It stayed with the same trade.
Growth finished first again.
Momentum finished second again.
Quality stayed third.
Value stayed fourth.
Low Volatility remained last.
The spread from first to fifth still carried shape.
That matters.
It says this was not a session where everything moved together and the order barely mattered. The order still mattered.
The main signal is persistence in the ranking.
Growth held first for a second session.
Momentum held second for a second session.
Low Volatility stayed last for a second session.
That kind of hold tells you the market did not change its preference. It kept paying for the same exposures.
There is a second signal here too.
SPY outperformed RSP again.
Cap-weight beat equal-weight by roughly 0.8 to 1.0 points on the session.
That gap matters.
It says the move still leaned toward the larger names rather than the average stock. So this was not broad and even participation. It was a market still leaning on the same leadership pocket.
Quality sitting third still matters.
It stayed in the middle and did not lead the table. Value also stayed where it was. That keeps the ranking from reading like rotation or repair. Nothing pressed upward. Nothing forced a reorder.
So the table gives a clean behavioral read:
Money stayed with growth first.
It stayed with momentum right behind it.
It still did not pay up for low-volatility shelter.
That is the actual story in the ranking.
The open question is simple. Does this hold turn into a longer stretch, or does the table finally move? The table does not answer that yet. But it does show one thing very clearly:
Tuesday did not bring rotation. It brought the same trade again.