Glenn Reynolds, CreditSights' chief global strategist, tells Vincent Catalano, CIO of Redmount Capital Partners, that the inversion of the yield curve is not necessarily pointing towards a recession. According to Reynolds, we have not seen the credit market distress that we did when the curve inverted in past cycles. He also says that the health of bank balance sheets makes a recession less likely. On the flip side, Reynolds believes the trade war between the US and China could be the catalyst for further economic weakness. Filmed on June 27, 2019 in New York.