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: It’s an ugly day for Wall Street as the Trump administration’s highly anticipated tariff plan proved to be more aggressive and widespread than the market anticipated. It’s a day of s weeping price-to-earnings (P/E) multiple compression across the stock market because investors are struggling to accurately forecast what companies will earn in a slowing growth environment with tariffs eating into a chunk of their profits. That’s a key dynamic playing out in the market Thursday. Fear of the unknown
