Quotes from the news wire:
The markets are telling us something very important with this pricing action today. We are seeing some gains across the board for the Nasdaq S&P and Dow, but we are also seeing a very significant downtick in volume, this is not a healthy bounce and it is across virtually all the major indexes. So it is an indication the momentum for U.S. equities remains biased to the downside.
The historical narrative behind that inversion is significant, it is not however, a foregone conclusion that we will see a recession in 2019. It is an indication there is weakness on the horizon and frankly a lot of that weakness in that narrative is really being fed, fueled by what we are seeing around the world.