Could a 2019 US rate cut be on the cards?

Given the first sign of stress, economic commentators love talking about the doom and gloom scenario. The nine-year bull market that has been in place since the worst economic crisis in modern history has divided opinion, and with many nations worse off in real terms since 2007, it doesn’t take much for concern to re-emerge.

The markets this week witnessed a key indicator that we could be heading for a period of economic downturn, as the yields on US treasuries between the 3-year and 5-year section of the curve inverted. This means that investors are seeking…