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

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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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