Three open questions on Stock Exchanges

This chart shows the development in the US stock markets and economy (proxied by the unemployment rate). Source: own on Bloomberg data.

As an economist ‘raised’ within global investment banks, I know (too well) the sometimes counter-intuitive stock market movements. I understand that the markets’ logics go well beyond the happenings of the day. I am familiar with the fundamental stock markets rule of ‘buy on rumour, sell on facts.’

But I have been raised to know that there are some ethical limits. Something that is even beyond…