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 Cantonia with Mike Santoli, a post-9 of the New York Stock Exchange. David Fabers at the Milken Institute Global Conference in Beverly Hills. Kramer has the warning off. Futures are a bit soft as more companies cut or suspend their guidance today. It's either Ford or Mattel,

Marriott, and Clorox. Ten-year yield hits about a 10-day high this morning. Our roadmap begins

with the Dow on the S&P snapping that nine-day win streak as the Fed kicks off its two-day meeting later

today. Plus, Palantir is the best performing S&P name so far this year.

It was out with his quarterly results after the bell, and that has sent shares a bit lower in the pre-market.

And we are live day two for us for the Milken Global Conference.

Coming up, we've got the CEO of Alternative Asset Manager Ares.

We have Morgan Stanley's co-president, and we'll also get a read on the Fed and the markets ahead of tomorrow's rate decision with Rockefeller Capitals, Greg Fleming.

Let's begin with the markets and the Fed after the end of that nine-day win streak for stocks. Mike, something put almost together almost 11% in a very short period of time.

I was going to say there have been nine-day win streaks actually almost a year ago,

but this is a particularly strong one.

So you get a little bit of the extreme snapback effect because the decline into that low on April

7th was also very steep and sudden.

Now it's a matter of what's next because the positioning has at least become less negative.

People have probably become a little more comfortable.

Volatility is down, but it's not really drained away, considering how far we've come off the low 17%.

At a logical place to wait and see here.

I think we're back to the April 2nd levels.

We've got to contend with those a little bit.

And despite the nine-day win streak, as I say, like, even though credit spreads came in,

the anticipated volatility, all these little signs of anxiety of the dollar down and yields are

kind of flattish, but you had some of that dollar down, treasury yields up action before,

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