Cramer: Fed chief Powell's rate cut signal is ushering in a 'new leg to the bull' market

U.S. stock futuresahead of the Wall Street open after the S&P 500 on Wednesday briefly broke above 3,000 for the first time ever before finishing just shy of another record close.

Powell on Wednesday gave stocks a boost, bolstering the case for a rate cut later this month, in an appearance before the House Financial Services Committee. Investors will be watching for any changes in tone from Powell during the question and answer session as he goes before the Senate Banking Committee on Thursday.

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Cramer has the most annoying voice on CNBC. His pronunciation is a cross between Sylvester the Cat and Urkel. Ugh... cant stand it!

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European stocks seen slightly higher as investors await Powell testimonyEuropean stocks are seen slightly higher Wednesday as investors await a testimony from U.S. Federal Reserve Chairman Jerome Powell in the hope for hints on imminent interest rate cuts from the central bank.
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