"Worst Case Scenario" Emerging: Morgan Stanley Warns "Selling Has Shifted"

"Confirming JPMorgan's "worst case scenario" that forced de-levering in vol-based strategies would lead to retail ETF outflows and create a vicious cycle downwards, Morgan Stanley's Christopher Metli warns that today’s moves lower are likely not being driven by systematic supply – this appears to be more discretionary selling.

Risk-Parity funds are seeing some of the biggest losses in history..."

at https://www.zerohedge.com/news/2018-02-08/worst-case-scenario-morgan-stanley-warns-selling-has-shifted-form-systemic