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. Stock pick-me-up: Wall Street is up slightly to start the holiday-shortened trading week week, though the S & P 500 is well off its highs of the session in afternoon trading. The catalyst of the day was President-elect Donald Trump’s pick of Scott Bessent as Treasury secretary. What we know about Bessent, a veteran hedge fund manager, is that he supports a 3-3-3 policy. The plan has three prongs: cut the U.S. budget deficit to 3% of gross domestic product, drive GDP growth of 3% through deregulation, and produce an additional 3 million barrels of oil per day. Bessent also told CNBC in an interview earlier this month that he
