"They do redemptions every three months in the states, next date being this sunday"
doesn't this suggest to you that the selling has been done ( or do you believe that they would collectively sell all required to meet redemptions today!). Thus I suspect that we will see the Dow and all major world indices substantially higher 1 month from now. By the way I think the amount of redemptions is huge, much more that $100 B, and have lost an ever greater amount of market value (lost approx $30 B on VW alone).
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