“Bond yields are lower on the weaker economic data, which also includes a 1.5% decline in March factory orders. The Euro is naturally lower on the poor data from that part of the world, which is causing crude oil to decline to $105 a barrel, big deal, as inventories rose to their highest level in 21 years and both production and imports rose.”  

Click here to read the full 5-2-12 Daily market notes from Donald Selkin