The PRISM Report: A Clearer View of Global Investment Trends
The Prism Report is your streamlined, data-driven guide to uncovering opportunities across global markets and asset classes. Built around Asbury Research’s foundational “three-legged stool” approach of trend, relative performance, and asset flows, this tool offers a concise and comprehensive way to quickly and clearly identify where capital is being rewarded.
PRISM, which stands for Portfolio Review of Investment Sectors and Markets, is published at the end of the week. You can find the PRISM Report right in the middle of the Research Center, listed chronologically with other reports, such as Keys to This Week and The Weekly Wrap-Up. You can pull up all recently published PRISM Reports by typing “PRISM” in the Search By Keyword box located on the right border of the Research Center.
PRISM currently identifies Gold, Emerging Markets, Commodities, Global Ex-US, US Technology and Oil as having a Positive/Bullish reading across all four time periods.
PRISM: 01-29-2026
Key Takeaways
The PRISM Report currently highlights strength across markets, with several opportunities for investment.
Technology, which was mostly red last week, has flipped back to bullish across all time frames. What we seem to be seeing is not simply a rebound in one sector, but a diversification of investment opportunities. Much of the latter part of 2025 was dominated by AI and mega-cap Technology. As some cracks have occurred, along with mixed reports on the sector, capital has begun to spread out into other areas of the market even with Technology going back to bullsih.
This, combined with inconsistent messaging out of Washington, appears to have pushed investors toward broader sector exposure rather than concentrated positioning. Movements into Gold and Commodities can be seen as symptoms of a weakening U.S. dollar, which is also highlighted in the table.
Strength in Emerging Markets and Equities ex-U.S. highlights a continued risk appetite among investors who are beginning to view the U.S. market as less reliable, despite the market sitting near all-time highs.
Much of this investing appears to be driven by feelings and anecdotes rather than a disciplined process.
When in doubt, Asbury believes that a systematic approach to markets is essential and will continue to rely on the Correction Protection Model to cut through the noise.
At the heart of Prism is a simple but critical formula for success: positive price trend, positive relative performance, and positive asset flows. These three factors—trend, performance, and conviction—are the cornerstones of identifying sustainable market leadership.
We’ve expanded this concept across four key time frames:
- Micro (7 days)
- Short (21 days)
- Medium (63 days)
- Long (200 days)
This multi-horizon approach provides investors with a dynamic lens through which to view the market in a multidimensional way. Why does this matter?
- Trend: If the price isn’t appreciating, we’re not interested. Positive price momentum is non-negotiable.
- Relative Performance: If it isn’t beating the S&P 500, there’s an opportunity cost. Investors deserve better than average performance.
- Asset Flows: Capital inflow indicates directional conviction—real money moving with purpose. It’s the ultimate vote of confidence from institutional players with skin in the game.