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 US Technology and US Small Cap as having a Positive/Bullish reading across all four time periods. 

Prism Report 12/4/2025

PRISM: 12-03-2025

Key Takeaways

The Prism Report shows a clear resurgence in risk appetite. US Technology and US Small Cap are green across all time frames, signaling renewed investor interest in higher-beta areas of the market. Meanwhile, AGG shows red on the micro-term and yellow elsewhere, indicating a preference for equities over bonds.

These readings line up with our other models: CPM is Risk On and the Asbury 6 is Positive as of November 26th — all pointing to a market environment that currently favors taking equity risk.

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.