Asbury Research

John Kosar founded and runs Asbury Research as its principal analyst and strategist. He began his career at Shearson Lehman Brothers in 1985 and later served as head of technical research at Bianco Research before launching his independent subscription product. Kosar is the sole voice behind the firm's weekly research letter and tactical updates.

The firm's central product is a subscription research service based on the 'Asbury 6' model, which analyzes intermarket relationships — tracking commodities, currencies, rates, and equities — to evaluate capital flows and market risk appetite. This feeds into a sector rotation framework that covers all eleven S&P 500 sectors through a weekly 'Sector Spotlight' report.

No. Asbury Research is an independent investment research provider, not an asset manager or registered investment advisor. It does not run a fund, take discretionary capital, or execute trades for clients. Its business model is purely a subscription-based research publication.

The firm's edge comes from its independence. Without ties to a bank, brokerage, trading desk, or product issuance platform, the research is not shaped by corporate finance relationships or prop-desk positions. Kosar's three decades of institutional trading-floor experience inform the models, but the published work answers only to subscribers.

The primary coverage universe includes US equity indexes, the eleven S&P 500 sectors, US Treasury yields, the US Dollar Index, gold, crude oil, and copper. The framework integrates these asset classes as one interconnected signal — using movements in rates or commodities to foreshadow shifts in equity market leadership.