This week we place a brief pause on our Surprise Metrics analysis to introduce the Extreme Movers portfolio, another method that can help investors augment their understanding of what is transpiring in the markets. But for those of you who have been closely following the Surprise Metrics over the past several months, no worries; updated tables and our analysis will resume on Jun 4, following a Memorial Day holiday break next Monday. Please reach out to me if you'd like to receive the Surprise Metrics earlier.

Please see our Market Summary and Omega Point's Top Surprise Factors of the week below.

The Surprise Metrics measure each factor's return divided by its predicted standard deviation. On a trailing one-week basis and since the invasion on Feb 24, we continue to see multiple standard deviation moves across a broad number of factors that continue to shift each week and are a unique indicator of the market's pulse regarding the significance of the ongoing crisis and its ramifications. We introduced the Surprise Metrics in our Feb 27 Factor Spotlight: Quantifying the Impact of Russia's incursion into Ukraine.

Please see our Market Summary and Omega Point's Top Surprise Factors of the week below.

Please see our Market Summary and Omega Point's Top Surprise Factors of the week below.

The Surprise Metrics measure each factor's return divided by its predicted standard deviation. On a trailing one-week basis and since the invasion on Feb 24, we continue to see multiple standard deviation moves across a broad number of factors that continue to shift each week and are a unique indicator of the market's pulse regarding the significance of the ongoing crisis and its ramifications. We introduced the Surprise Metrics in our Feb 27 Factor Spotlight: Quantifying the Impact of Russia's incursion into Ukraine.

Please see below for our Market Summary and Omega Point’s Top Surprise Factors of the week.