In response to the first, I don't think the bulk of $ is spent on things that are shutdown, ie restaurants/gym/stylist/etc. I think bulk is spent on rent/mortg

In response to the first, I don't think the bulk of $ is spent on things that are shutdown, ie restaurants/gym/stylist/etc. I think bulk is spent on rent/mortgage (no supply change), groceries (very limited), meds (ditto). re: serologic: we still have widespread factory production. It's extremely useful to know who is immune.