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

Good Thursday morning. Hope you had a great Christmas holiday. Welcome to Squawk on the Street. I'm Carl

Kingtonia with David Faber, Bob Bassani at the New York Stock Exchange. Kramer has the morning off.

Future is pretty steady, as there's more news this morning than you might expect for the day after Christmas.

Retail report cards are pouring in from Amazon, Tiffany, MasterCard, China with some comments on Phase 1 and more.

Europe's closed for Boxing Day, Brent, at a three-month high in gold at 1512. Our roadmap this morning begins with the year-end rally, the SMP on pace for its biggest yearly return in seven and nearing

its best gains in more than 20 years. Plus retail's online holiday boost, e-commerce sales,

hitting a record this season. Amazon saying billions of items ordered worldwide.

And Boeing still on watch, new documents reviewed by a congressional panel revealing what's being

called, quote, very disturbing revelations.

As 2019 heads into the home stretch, all three major indices are on track for a fourth

straight month of gains. They have surged, as you know, since last year's Christmas Eve sell

off. S&P since then up 37. We remember December 26th of last year when everything rallied 5%. Yes,

and we were bottoming, of course, that horrible Christmas Eve when we had first concerns

about a tariff war increasing. Then we had the Federal Reserve raising rates on the 19th,

and that created a cascade four down days in a row, culminating in the down day

on the 27th, on the 24th, and a turnaround today.

Meanwhile, the year, if you look at the percentage of up days, almost 54%, which is, I think,

the bespoke said only five years since 1928, have you had a more consistent

pattern of up versus down days?

One of the things that's very powerful about this rally is the breadth is there.

So sometimes analysts and strategists will complain that there is a relatively small group of stocks

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