Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good Monday morning, welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Coming off the best week for stock since March as we now head into a Fed blackout.

And today, an event at which Apple is said by some

to unveil its most important new product in 13 years. A roadmap begins with market momentum,

though. S&P, best week since March, highest level since August, but some strategists now warning

of risks to the rally ahead. Plus, Apple is expected to get into the headset game, preparing for what

may be its biggest product launch in over a decade. And oil prices are up this morning. Saudi Arabia

pledges some big cuts in production in July. Let's begin with the markets, though, after

Friday's rally. Jim, we were looking for maybe some of those who were fundamentally

bearish to turn tail. Not happening at Morgan Stanley. No, not at all. But I looked at Friday and I said,

this broadening out of the rally, which everyone thinks is good, I'm not quite sure. And the reason

I say that is because you really need sideline money to come in. And sideline money is

sticking to its decision not to come in. So why,

David, why would we suddenly have, based on a somewhat stronger number, a belief that there'll be,

I mean, I think there will be a skip, that it's time. Why is it time to start buying the

signals? I can't necessarily give you a reason.

Because we don't seem close to a recession, so that I assume is kind of good. I agree.

That said, your point about stickiness, you know, things are stickier when you get 5% as opposed to

zero. It just makes it a tougher decision. It's like, well, I'm getting

5% over here, the risk-free rate. I got the debt ceiling issue out of my way now. And no signs

that rates are going to come down anytime soon. I cannot disagree. I'm allowed to obviously have

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