March 24, 2026 | Power Index

The Power Index ranks five major capital buckets by relative performance for the short window ending March 24, 2026. U.S. Equities are proxied by SPY, Treasuries by IEF, Commodities by DBC, Gold by GLD, and Bitcoin by BTC spot close.

The order changed a little, but not at the top. Commodities stayed first as oil remained high even after easing a bit. U.S. Equities stayed second as stocks bounced. Treasuries held third. Gold moved up one spot, but stayed near the bottom. Bitcoin fell to last. The table still showed pressure, but the middle looked a bit more stable.

Commodities remain #1. That is still the main signal. Oil eased a little, but not enough to lose control of the table. Leadership held.

U.S. Equities stay at #2. Stocks bounced, and that helped keep them near the top. But second place is not the same as leadership. It means equities recovered some ground without taking over.

Treasuries finish #3. Bonds stayed in the middle again. That is now a pattern. They are not being rejected, but they are not the first choice either.

Gold moves to #4. That is a small change, but not a strong one. Gold improved a bit as some safety demand came back. Still, it did not move high enough to change the whole message of the table.

Bitcoin ends at #5. That drop matters. It shows the market was still not leaning into pure risk. The bounce in stocks did not spread cleanly into the speculative bucket.

Commodities remain #1 — oil still leads the structure.
U.S. Equities hold #2 — stocks bounced, but did not take control.
Treasuries finish #3 — bonds stayed neutral and steady.
Gold ends #4 — a small lift, but not a full safety shift.
Bitcoin finishes #5 — speculative demand stayed weakest.

The table softened a bit, but it did not fully rotate.
Commodities stayed on top.
Risk stayed selective.