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 Kinteneer with Sarah Eisen, Mike Santoli,

at post-9 of the New York Stock Exchange. Kramer in favor of the morning off. Future's a bit soft on

this holiday shortened week after the NASDAX record close on Friday. S&P now up seven of eight weeks as more strategists

raised their targets over the weekend. Our roadmap begins with Wall Street's bullish expectations.

The S&P getting a new top target of 6K and eyeing its 30th record of the year.

Plus, big tech's dominant, 17 of the top 20 performers coming from the IT sector this month,

Goldman Sachs saying AI continued to fuel the boom.

And shares of Autodesk rallying on news that activist fund Starboard Value has taken a $500 million stake in the company.

We've got a lot of color on that one.

Let's begin with the markets as we do kick off this holiday shortened week. Of course, the news over the weekend, Goldman upping their year-end target and Evercore ISI. Mike at a time where we were starting to get a little antsy about narrowing breaths. Well, I think we're still antsy about it. What's interesting is the targets are all the market cap weighted S&P 500 and we were in a position, which was somewhat interesting, which is even the most bullish street target was not particularly bullish in the grand scheme of things.

And in fact, going into the weekend, the average and median sell side target for the S&P was below where the index itself was.

So that creates, you know, this sort of catalyst for somebody on the cell side to say, do I want to, you know, essentially capitulate a little bit or acknowledge the underlying strength or do I want to fight it?

So we have a couple of targets go up.

6,000 on the SEPs up 10% from here.

So when the most bullish target on Wall Street is 10%, it doesn't seem to me as if the brokerage

community is completely bulled up and is saying everything is great and don't worry about anything.

On the other hand, it does show you that the index itself has kind of left behind not just the

psychology, but anybody trying to beat it or keep up with it.

And I think that's the source of unease in this market is, you know, the average stock out

there has been languishing relative to the S&P.

Does that tell us something about the economic outlook and what is being discounted?

...