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 Jim Graamer and David Faber at Post 9 of the New York Stock Exchange. Coming off some all-time highs, six straight weekly wins for the S&P. That's the longest streak of the year. We go into a week of some heavy hitter industrial earnings. Futures are soft.

Our roadmap begins with rally mode, those six weeks and counting, why Goldman strategists say

the era of big stock market gains might be nearing an end. Clusters of the J&J spin-off. It's a while

now, but remember that? Kenview, it is up. Starboard value amassing a significant stake in the company, or so we're told,

and Disney's succession plans for Morgan Stanley, CEO James Gorman, who's been on the board,

going to become chairman of that company next year.

Let's begin with the markets in the midst of this six-week win streak, as we said, Jim,

and now we have some 21% of the S&P having reported so far.

Okay, I'm coming with a new thesis.

I communicated that with investing above members.

We have this bizarre situation where we're going into earnings season.

We've got this massive $200 billion in money that went to index funds.

That is far ahead of what happened last year and we're already there.

So what's happening, you have the index funds sopping up the additional supply,

and you just don't have a lot of sellers between the buybacks of the companies and the S&P,

Dale and David, the buybacks, obviously crunch, but the S&P's like crunching.

You don't have a lot of stock trading. So you have like a proctor and gamble, which could have been disappointing, you ended up doing nothing. I just find that when you disappoint, you don't go down a lot. You don't go down. And when you do well, you soar. So that's an asymmetrical relationship. That's a nice market to be an investor.

Well, that's exactly what I'm talking. It's halcy in time, David.

You're not taking as much risk as you think you are. Right, because you're crunching so much stock with the S&P.

And you're- When you say crunching, you explain to people what you mean?

All right. So, when you crunch stock, what that means is it's the float smaller.

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