Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks trended lower Friday after the S & P 500 hit fresh record highs to wrap up a strong week of gains as investors rallied around President Trump’s pro-business policies. But this rally pushed the S & P 500 Short Range Oscillator — our trusted guide on how the market is performing — to an overbought reading of 4.73%. Anything above 4%…