The Uninversion of the Yield Curve

Saul hit a great question about the uninversion of the yield curve I don't know that we really have time to tackle it let's see if we can do it really quickly. Why is the uninversion more bearish for equities? Is this due to a response to weakness that was priced in or due to lack of deficit spending. Joseph: Either way it's there's some pain involved right that's going to hit profits.