Labor

The Greek stock market is up 12 days in a row - the longest streak since 1999 - with its 25% gains amon the world's best in 2017 following the bailout decision.

The last time Greek stocks were this overbought was September 1999 - which was followed by a 77% decline...

Furthermore, Greek bond yields have collapsed to post-crisis lows in the last weeks as everyone and their pet rabbit is sure the bailout is a done deal..

Tracking the disappointing, and downward revised March jobs report, when as a reminder the US added only 79,000 jobs, today's JOLTS report showed a decidedly more benign labor market in the month of March, with good news on the job openings front, offset by another month of hiring weakness.

The Bureau of Labor Statistics announced the updated employment situation results on Friday, and what appears to be very positive at first sight (and based on the headlines) actually might not be as good as it seems.

For those wondering about the true strength of the US economy, look no further than Americans' post-"retirement" plans revealed in the latest Gallup survey, according to why only 25% of Americans plan to stop working past retirement age. Meanwhile, nearly two in three employed U.S. adults, or 63%, responded they plan to work past retirement age on a part-time basis, while an additional 11% said they will work full time once they hit retirement age.

Submitted by Nicholas Colas of Convergex

April Was Cruel… To the US Tre