E Market Briefing For Monday, Oct. 12

Washington is on tenterhooks - more so than the stock market, which tends to hold-together except when stunned by rare out-of-form tweets or attempted interventions aimed at creating more confusion among voters.

Having reportedly "capitulated" from $500 million, the GOP's latest $1.8 trillion COVID-Relief package offer has been flatly rejected in a Saturday Letter, by House Speaker Nancy Pelosi (whose latest offer was a $2.2 trillion package). So now I suppose a general consensus will be to split the difference; to do it.

Meanwhile...aside the usual banter (and it matters) about 'Stimulus for many suffering during Covid', many physicians continue to see lots politics playing a role in what they see as deliberate exercises of obfuscation. This doesn't help parts of the public grasp the seriousness of the moment. It is however totally befitting the situation that there's a greater focus on 'antibody therapeutics', as I have thought for months this needed to be key, before eventual vaccines.

Executive summary:

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