Well, it finally happened.
The yield curve briefly inverted Wednesday for the first time in over 12 years, with the benchmark 10-year Treasury note yields falling to 1.576%.
Jim Cramer still doesn't see recession on the immediate horizon, Wall Street has historically seen an inverted yield curve as a tell-tale sign of impending economic turmoil.
While the chance of a recession is still up for debate, it's safe to say that volatility is here to stay.
During TheStreet's Daily Cramer Live show, Cramer broke down what investors need to know now.
Catch his full take in the video above.
More From Cramer Today
Stock of the Day:Jim Cramer on the Viacom-CBS Merger: Enough Is Enough
Premium Pick: Macy's Charts Still Short on Magic
Ask the Expert: What is The Future of Cannabis Legalization?
TheStreet Explains:What Is an EPS Estimate?
Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer
Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement
Catch Up: Today's Top News Videos Below