It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street. Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kinkton-Aid with Jim Kramer, David Faber, post-9 to the New York Stock Exchange. Got some selling to close out the week. S&Ps on pace to break a five-week win. Russell Reconstitution today will likely bring the biggest volume day of the year.

A roadmap begins with the end of this run. All three major averages set to break multi-week streaks.

Nasdaq's on pace to snap eight weeks of gains and post its worst weekly stretch since April.

Plus 3M's massive forever chemical settlement, the manufacturing giant reaching agreement on lawsuits that claimed it had contaminated water supplies in the U.S.

And U.S. President Dana White says Elon Musk and Mark Zuckerberg are, quote, dead serious about a cage fight.

Let's begin with the markets this morning, Jim,

unwinding some of what we put together last several weeks.

Do you mind?

No, I've been saying that this is all going to be a week period.

Historically, this is actually, look, from my friend Larry Williams,

who does the best historic work.

This is week period.

It's not unusual.

He saw it coming.

I went with it. You can see over the years that this period has just been one where if you want to be a trader,

you should step out. The investor is not going to be that bit in that. I find it interesting that when interest rates go down, it means nothing for equities.

Because interest rates have been going down all morning, and all that's happened is stocks have

been going down. I've got to tell you, David, I don't know if you caught this, because I know that

it's Friday, so I'm going to just give you a little quiz. But did you see where the VIX is?

No. No, I didn't. So the VIX, you can't even see it. VIX is? No.

No, I didn't.

So the VIX, you can't even see it.

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