Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are having a choppy session. There’s been a couple of attempts at a rally, but those mostly failed to sustain after the bond market reasserted its control. Another attempt to rally started shortly after 1 p.m. ET when pressure on rates eased in reaction to a successful auction of $22 billion of 30-year Treasury bonds. It was the last of three big bond auctions this week. As of roughly 2:40 p.m. ET, the S & P 500 was basically flat. The broad index remained subdued after the minutes from the Federal Reserve’s December meeting showed that central bankers believed the upside risks to inflation had increased .
