What does 相場 mean?
相場 is a Japanese noun meaning “market price, speculation, estimation” in English. It can also be translated as “speculation (e.g. on stocks), reputation (according to conventional wisdom)” depending on context. It is written as 相場 in kanji, そうば in hiragana, and souba in romaji. This word is part of JLPT N1 vocabulary.
Example sentence
そこ知らずの相場だ。
The bottom has fallen out of the market.