What is Priced in?
BasicsWhen the market already expects something, the price has moved before it happens, so the news itself causes little reaction.
Think of it like: Last week's weather forecast: by today, everyone has their umbrella.
Real example: A Fed cut that was 99% expected barely moves the dollar. A surprise one does.
Lesson: Priced in Practise it now: Data Drop Practise it now: Basket Case