Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kington-A with David Faber, Sarah Eisen here at post-night of the New York Stock Exchange.

Kramer has the morning off. Future is modestly softer here after the revolt in Russia over the weekend.

A lot of questions and debate about the impact on stocks and commodities.

Busy week for data. S&P coming off the first weekly loss since March.

Our roadmap begins with the final week of the month, quarter, and the half, watching the

macro market risks after that failed weekend mutiny and insurrection in Russia.

Plus shares at Tesla there down ahead of the open. Goldman downgrades the stock, citing a difficult pricing environment for EVs.

And a tug of war over Alphabet, downgraded at UBS, seeing AI risks ahead.

Well, a new B of A survey suggests a Google search boost from AI tools.

We begin with the markets entering the final week of the month, a quarter and the

half, as we said. Interesting guys, something's working arguably against the bulls to start the

week. Not a lot of earnings data. We'll get some buyback blackout windows. And we've had a run.

J.P. Morgan this morning asks whether or not we go back 5% to some moving averages, 10%, 20.

They think five is more likely.

Put you in somewhere the neighborhood of the low 4,200s.

It's just a garden variety pullback there.

Yeah, I mean, positioning and sentiment, positioning was light, sentiment was negative, have served as big catalysts.

And some of the trading notes this morning, including from Goldman Sachs' fixed income notes saying that they're not as much powerful tailwinds as they have been over the past

few months of the year, no longer the case.

They also, and just keep an eye on this, it's what happens toward the end of the quarter

in the month, some rebalancing, and it's significant this go-around from pensions.

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