Cramer: Powell's rate cut hint will lead to 'new leg to the bull' market

📆 12.07.2019 18:26:00
📰 CNBC

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'I think that there's a presumption that earnings are going to be bad or else Powell wouldn't be doing what he's doing,' says MadMoneyOnCNBC's Jim Cramer. 'I think that presumption is wrong.'

CNBC's Jim Cramer tells the "Squawk Box" team that Federal Reserve Chairman Jerome Powell's interest rate cut hints could spark the beginning of a "new leg to the bull" market in stocks.

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MadMoneyOnCNBC Relatively soon inflation will be a major issue,

MadMoneyOnCNBC That must be why every central bank is easing then...

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European stocks set for higher open after Powell hints at Fed rate cutEuropean stocks look set to open higher Thursday morning after U.S. Federal Reserve Chairman Jerome Powell signaled that the central bank could cut interest rates imminently. WE ARE GOING BACK TO GOLD THEY WERE ALWAYS HIGHER
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