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. Market update : Stocks slipped following the S & P 500 's record high close on Monday. There was no major reaction to Federal Reserve Chair Jerome Powell's speech in Rhode Island, where he acknowledged how the Fed is balancing upside risks to inflation with downside risks to employment. His comments didn't significantly alter the market's expectations for rate cuts this year, with investors still anticipating a 25-basis-point cut at both the October and December meetings. Liquid cooling: AI data center power stocks fell Tuesday after Microsoft announced a breakthrough in chip-cooling technology. The company said it has d

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