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: 11-05-2025
PRISM currently identifies Gold as the only Asset Class that shows a Positive/Bullish reading across all four time periods.
Key Takeaways
The PRISM Report highlights Gold as the only asset class showing strength across all four time periods, marking a notable reemergence of leadership.
We’re also seeing strength in equities outside the U.S., which may point to developing weakness in the U.S. market. Both EEM and QQQ have shifted to yellow in the Micro- and Short-Term timeframes, suggesting a potential inflection point amid declining risk appetite as each begins to underperform the S&P 500.
Aggregate Bonds remain mostly yellow across timeframes, and next week’s report will be important to see whether early improvement begins to appear in the Micro- or Short-Term trends. Any shift to green in those periods would be one of the first signs of a defensively changing overall market environment.
Finally, while the report shows some pockets of weakness, the prevalence of yellow — particularly in the Micro-Term — reinforces the view that the next major directional leg of the stock market remains undefined. These readings often represent a transition phase before the market commits to a more decisive move.
About PRISM
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.