Priced In
Priced in means the event or path is already in the forwards, the curve, or the multiple — so the announcement is not new information unless it surprises that path.
Definition
Priced In refers to so the announcement is not new information unless it surprises that path. Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
It is a named object desks use to frame risk, positioning, or process. When so the announcement is not new information unless it surprises that path shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what priced in is saying. If so the announcement is not new information unless it surprises that path moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Keep the definition fixed, then challenge it with cross-checks before sizing. Prefer a short written null hypothesis for Priced In: what would falsify the current reading in the next window?
Ask the macro AI about this object
Opens Copilot with Codex + RAG context, or send the object into Alpha Factory intake.