I used to think the market was a cold, rational machine—this clean, efficient system that digested information and spit out fair prices like some kind of financial vending machine. Then I actually paid attention. And what I realized—slowly, painfully, and with a few bruised positions along the way—is that the market isn’t rational. It’s agreement-dependent. Prices don’t move because something is true. They move because enough people agree on what’s true… until they don’t. And that’s where consensus expectations and stock repricing dynamics come in—the quiet mechanics behind why stocks don’t just move… they lurch. The Lie I Believed: “It’s Already Priced In” You’ve heard it. I’ve heard it. Everyone who’s ever opened a brokerage account has heard it: “It’s already priced in.” That phrase sounds intelligent. It sounds final. It sounds like the market has already thought through everything, reached a conclusion, and calmly moved on. But here’s what I’ve learned: Nothing is “p...