E Market Briefing For Thursday, August 6

An economic chasm risks occurring right when COVID-19 will collide with seasonal influenza, with complete confusion occurring amidst the public, if nothing is achieved in the very short time-frame that remains. So relax a bit, that's not exactly how this is going to go down (and if it is, we're all in trouble and the Fed and Congress will start rounds 5 or 6 of emergency stimulus).  

That doesn't mean the stock market won't have a shakeout; but does suggest that a few wheels are turning to deflect the impact of collision at that intersection of worries and health concerns, and that's precisely where some speculation comes in now.    

It also relates (as convoluted and mind-boggling as their 10Q was) to why Sorrento Therapeutics (SRNE) is actually not late, but possibly in a testing sweet-spot with regarding to actually saving the day so to speak, and suggests their CEO might well not have exaggerated claims very much, if at all. I will explore than in a moment.  

Now if only LightPath Technologies (LPTH) could figure-out a way to have infrared thermal monitoring detect 'epidermis' top level tissue on our skin that was carrying COVID-19 cells or even infected droplets, it would be a $50 stock in a flash. This sounds crazy; but since COVID-19 settles on the outside of masks or gets inhaled or on skin (hence the command that we wash our hands frequently), why not have a superficial external way to not just scan the body's epidermis, but widely monitor the body or crowds for COVID-19... I wonder if anyone has even considered the possibility of such detection?).  

Just for kicks; I looked into this a bit (maybe a hint to those who really know all this), and learned that beyond basic fever detection, far more accurate technique can be done with infrared cameras. For example, there's a line of medical thermal infrared cameras with FDA 510(k) clearance for medical use. These are advanced with two fever detection systems priced at $5,000 and $10,000, and are radiometric imagers.  

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Moon Kil Woong 1 month ago Contributor's comment

"The President will move to assist the economy if Congress fails to make a deal this week, which they probably will do."

Remember Congress attempted to continue stimulus weeks ago and the President and Senate blocked it with no counter proposal for weeks. What do you suggest the President to do now? It seems like it is a crisis of their own making and there doesn't seem to be an answer. The President can't even convince his own party to all support him on this after doing nothing until the last moment. Remember the budget remains in control of Congress not the President.