As markets swing back and forth as if led by a hurricane, Kolanovic looks at algorithmic models that provide insight into how computer-based intelligence is moving markets. In an email sent to institutional investors late Thursday, Kolanovic said systematic strategies – managed futures CTAs, Risk Parity and Volatility Targeting – have reduced their exposure to stocks, but that discretionary players in hedge funds, pensions, wealth funds as well as retail investors were piling on the beaten up stock market like a bully trying to pound the market below support just above 1800 on the S&P 500. “Increased volatility, deleveraging, rotation out...