Markets have had a case of whiplash in January. Rising bond yields weighed on stocks earlier in the month. Then optimism spread in markets as Donald Trump officially returned to the White House. And now, the likes of JP Morgan CEO and billionaire investor Ray Dalio are warning that stock valuations have gotten too inflated. Not to mention DeepSake fears hammering markets and AI darling Nvidia. Yahoo Finance executive editor Brian Sozzi chats with Carlyle Group head of research Jason Thomas as markets eye February. Thomas has been vocal that the Federal Reserve should be less restrictive in its policy after a series of rate hikes. Whether the Fed gets that message at its closely watched meeting this week is to be determined. Thomas is calling out concentration risk in the markets as Nvidia, Meta, Amazon and Microsoft continue to dominate the weighting in the S&P 500. Is it time to head to the hills on these stocks this earnings season as each look to ramp up spending on AI projects? Thomas reveals his team’s latest thinking. 

Find Thomas' full Carlyle report here: https://www.carlyle.com/sites/default/files/2025-01/5_questions_for_2025.pdf

Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:00-Jason Thomas on Opening Bid

00:30-Stock of the day: Nvidia

03:00-What's next in AI?

07:00-Toss Nvidia in the trash?

12:30-Tariff impact on markets

19:30-Global stocks to watch

21:00-HOT TAKE

Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.

Jason Thomas is Head of Global Research & Investment Strategy at Carlyle. Mr. Thomas helps to formulate firmwide investment strategies.

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