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U.S. and European equities have continued to tumble, and the halting of economic activity in Europe will likely cause a double-dip recession that is very bad for risk assets.
Amid the dip in markets, Pentair and Ford have beat earnings expectations, showing that there are still companies that will outperform and places to hide in the market.
If the Fed once again intervenes, it’s unclear whether it will be enough the way it was in March, and risk assets may not bounce back so well this time.