The Fed has opened the door for 'a brand new bull market' in stocks, Wall Street strategist Jim Paulsen says

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• Jerome Powell's speech at Jackson Hole signaled a reset of the bull market clock, says Wall Street vet Jim Paulsen.
• The Fed's intent to cut interest rates offers new support for stocks, Paulsen said.
• "I think it's hard for a recession to find something to bite on, a vulnerability to bring us down," Paulsen said.

Jerome Powell's dovish speech at Jackson Hole on Friday reset the clock for the stock market's bull rally and opened the door for more gains.