News Snapshot:
Mainland China reported 1,789 new coronavirus cases for May 14, of which 239 were symptomatic and 1,550 were asymptomatic, the National Health Commission said on Sunday. As of May 14, mainland China had reported 221,804 confirmed cases. consumer sentiment approaches 11-year low, monthly import prices unchanged U.consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which should keep the economy expanding.Bottom line: The market may shoot back up anytime, but this doesn’t feel like a plain-vanilla dip...
