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, and Global Equities Ex-US, as having a Positive/Bullish reading across all four time periods.
PRISM: 01-07-2026
Key Takeaways
The Prism Report currently highlights strength in Gold, Equities Ex-U.S., and Emerging Markets, signaling that investors are positioning for opportunities beyond the U.S. market. This alignment is significant as it diverges from recent positive domestic momentum amid new all-time highs in the benchmark S&P 500.
Meanwhile, we are seeing early signs of renewed interest in U.S. risk-on assets, specifically Technology and Bitcoin. However, both corresponding ETFs are currently testing key underlying support at their 21-day moving averages. Should these support levels hold, it would suggest improving optimism that could reinforce a positive backdrop for the broader market. If these levels are broken, however, it would suggest that recent strength in Gold, Equities Ex-U.S., and Emerging Markets may be defensive hedges versus US equities.
At the index level, the market appears to be evaluating whether it has conviction for the next leg higher. This indecision is echoed in AGG, which remains yellow across all time frames, underscoring continued hesitation and lack of directional clarity in fixed income relative to equities.
Bottom Line: U.S. financial markets are attempting to stabilize near short-term support levels while weighing the current leadership handoff between U.S. and global assets. For trend confirmation, we continue to monitor tactical moving-average support levels in risk assets and any significant changes in bond market momentum.
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.