Live for the NASDAQ market site overlooking New York City's Times Square.

This is Fast Money. I'm Melissa Lear.

Traders on the desk are Pete Nigerian, Tim Seymour,

Karen Finerman, and Steve Grosso, the great American consumer to the rescue again retail stock surging in today's session,

Target handing in its best day ever.

We are also keeping an eye on shares of L brands and Nordstrom.

They're both on the move after reporting results.

Nordstrom's conference call is just getting underway.

We'll break down all the highlights.

But we begin with a big move late in the session in the bottom market,

another possible recession signal being shot as a yield curve briefly inverts again.

We've now had two inversions in a week.

It's like Inversion Wednesdays here.

Are things different this time around?

Because Pete, you know, stocks barely reacted to it this time and granted it was

fleeting but we are still ever so close to that inversion.

That's true but the reaction I think does speak something about what's going on in the

market right now and I would also add

volume yesterday, volume today at least in the derivatives world has been absolutely depressed.

Steve can talk about the NYC but we are just seeing volumes that were unbelievable

Mel I mean we're talking about 7 million per day over

average is what we've been seeing over the last eight or ten days so it's amazing

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