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Has a recession already been priced in?

Given the widespread expectation of a recession and the understanding that "everything is priced in," can we safely assume that a recession has already been priced in? $SPDR S&P 500 ETF(SPY.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $Invesco QQQ Trust(QQQ.US)$
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