Trump blasts AI doomsayers but that is ridiculous- check out the S+P 500

We will not tell you what we really think of the US President, but increasingly he is coming out with rhetoric that is just ridiculous. In his latest outburst a few minutes ago he has said the only checks and balances AI needs is a strong and smart US President. He has tried to blame China for all the latest concerns, but in doing so entirely misses the point. This is potentially something way beyond his control and what he has just said is laughable and need we say more? So, Trump also seems to think he has a higher IQ than the likes of Elon Musk. That says it all really

Anyway, the Nasdaq 100 did bounce on this, but this ridiculous rhetoric only served as an excuse to take the index back above the 29k handle for the time being. The index did officially reopen today at 28,890. The impact of the rebound in the Nasdaq 100 helped the broader S+P 500 higher too and in turn helped to ease upside pressure on the VIX, which has now fallen back. Earlier the S+P 500 reopened at 7,611.44, following a close on Friday at 7,656.98. We are keeping a close eye on this one, because a fall below 7,570 could be an indicator of more downside to come. The low seen so far today has been set at 7,596.33. The index is right now at 7,619