Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer. David Weber's backup post-9 of the New York Stock Exchange. We're going to close out February today. None too soon for Equity Bulls. Yields are on the March again. 10-year near 395. Lots of macro and micro, Target, Goldman, Chevron, Zoom, and more.

Our roadmap begins with stocks on pace for their 10-year near 395. Lots of macro and micro, Target, Goldman, Chevron, Zoom, and more.

Our roadmap begins with stocks on pace for their second negative month and three.

Why one top strategist sees more downside risk ahead.

Plus, we're keeping an eye on the strength of the consumer.

Target sees holiday sales growth, but warns of a continued slowdown, or at least the risks of that. And the AI boom,

B of A says Microsoft, Google, meta, and Apple are poised to benefit, while the FTC warns companies

over their AI claims. Let's begin with the markets on this final day of February, Jim. A lot of discussion

yesterday about sort of light volume inequities and all of these lines, moving averages, sort of mashing together.

Well, look, I, you only think it matters to his tenure. So if you don't know where the tenure is going, or you think the tenure is going higher and interest and, of course, lower in price, then all this stuff't matter, all the stuff you see. Nothing matters. You get up and, you know, the rates are marginally higher and whatever happens with stocks is meaningless. The stocks are too small. All people do, these big hedge funds, they just go, they just simply go between S&P and sell a short s mp on the 10 year and then bias a lot of

it's algorithmic right but it's all algorithm yeah i mean and what what happens is is you can

have something like target which was perfect i can go on and on about how good target was okay but then

the 10 year flashes you know red and no one cares. I'm not saying that,

therefore, David, there's nothing to do. I am saying that everything's marginalized by the

tenure. But we've had, I feel like we've had other moments where we've had the same conversation.

We kind of come into these periods where you've literally said the same thing.

Well, I mean, the tenure. Remember, on a lighter volume day, the tenure really rules.

On a day where we have the tenure doing nothing, then the earnings come to the four.

And I think that you have the, if you have the, let's just say the foresight of reporting on a day

with rates are good

that I think you're fine

if the rates I mean remember

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