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Incrementally, The Case Is Strengthening For a Year-End Rally. Fears Easing of Dual Issues of “Supply-Chain Glitches” + Vaccines= Shifting Away From “Ping Pong”

FDA advisers endorse Moderna booster

Yesterday, the FDA outside panel of advisers endorsed Moderna’s request for a booster shot. This was largely expected but still an incremental positive. After all, there was a modicum of risk, and more importantly, the combination of booster vaccines and COVID-19 therapeutics (Merck pill) are important steps in eventually pushing COVID-19 towards “endemic” status. And this allows the US economy, policymakers, and private enterprises to push towards a pat...

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