Preserving Capital in Investing and Market Caution

Discussion on the importance of preserving capital in investing, the bifurcated nature of the economy, strategy of investing in high-quality assets, concerns about market being overbought, dominance of top companies in driving earnings growth, growing gap in market performance, 'Goldilocks' situation, Federal Reserve's stance on interest rates, consumer stress, inflation levels, and impact of fiscal stimulus and deficit on the economy.