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.

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