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One platform for global traditional assets
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Jim Cramer from CNBC mentioned on Monday that a growing series of risks has led him to significantly reduce his bullish stance on stocks. The employment report released on Friday, which strongly and unexpectedly lowered expectations for Federal Reserve interest rate cuts this year, could lead to a policy shift toward rate hikes instead. Cramer considered that this shift undermines one of the core pillars of his previous optimistic thesis. He warned that the combination of declining hopes for rate cuts, the uncertainty surrounding the upcoming IPO of SpaceX, and the decline of $BTC $GT