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: The S & P 500 rose to a new record high Wednesday. There was no specific catalyst for the move, but we are seeing a continuation of a theme that we’ve been pointing out. With oil prices sliding and China’s market giving back more of its recent gains, U.S. stocks have been free to rally. The market maintained its gains after minutes from the Federal Reserve’s September policy meeting showed some disagreement among central bankers on how aggressively to cut interest rates last month. The Fed ultimately opted for a jumbo 50-basis-point reduction to begin its cutting cycle — with only one policy committee member officially voting in dissent.
